< "> edit this post http://www.investegate.co.uk/afren-plc-%28afr%29/rns/trading-statement-and-operations-update/201301210700069619
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In an attempt to cut down the header page,i've transferred some of the older news to Page1 post No.3.

http://www.oil-price.net/index.php?lang=en
http://www.ft.com/home/uk

http://www.investegate.co.uk/Article.aspx?id=201111020700081674R
http://www.investegate.co.uk/Article.aspx?id=201111150700250723S
http://www.investegate.co.uk/Article.aspx?id=201112010705051251T
http://www.investegate.co.uk/Article.aspx?id=201201170700146472V
http://www.investegate.co.uk/Article.aspx?id=201201230701479690V
http://www.moneyam.com/action/news/showArticle?id=4323758
http://www.investegate.co.uk/Article.aspx?id=201204170700164488B
http://www.investegate.co.uk/Article.aspx?id=201205140700212304D
http://www.investegate.co.uk/Article.aspx?id=201205210700407032D
http://www.moneyam.com/action/news/showArticle?id=4430164
http://www.investegate.co.uk/afren-plc-%28afr%29/rns/significant-new-seychelles-3d-seismic-programme/201212120700052973T/
http://www.investegate.co.uk/afren-plc--afr-/rns/2013-half-yearly-results/201308230700063334M/
http://www.investegate.co.uk/afren-plc--afr-/rns/ogo-drilling-and-resources-update/201311190700083404T/
http://www.investegate.co.uk/afren-plc--afr-/rns/trading-statement-and-operations-update/201401280700096280Y/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201405200700135209H/
http://www.investegate.co.uk/afren-plc--afr-/rns/interim-management-statement/201410300700116483V/
http://www.moneyam.com/action/news/showArticle?id=4942625
http://www.moneyam.com/action/news/showArticle?id=4943375

Blanchr i thik you have a bargain,as to whether in this market correction its at bottom,who know's,but imo HC's right.
cyril

Blanchr i thik you have a bargain,as to whether in this market correction its at bottom,who know's,but imo HC's right.
cyril

Timing the bottom is impossible, but you can buy value for a longterm hold : this is a good one...I'm expecting at least 150p before the end of the year...we need a little bit of good news to turn ftse and sorts around.

I wasn't criticising the buying of the share but rather more the attitude that supports it. Around 93p does indeed look as though it may be a place to buy but AFR will simply follow the market and if we are going to double-bottom then christ knows where this is going. What did it reach before, around 18p or so?

However, anyone who thinks that buying a stock is 'easy money' will surely get burnt to a cinder in this market. I seem to remember Marni having a similar view and unless he was banned from the site, no doubt he is now trying to find shelter in a field somewhere!

Warren Buffet buys when he feels the SP is at bargain levels.
Morgan Stanley has increased their holdings crossing the 3%(3.45%) threshold.
cyril

This company is totally different company to when they went to 20p. The last price rise and fall was based around the oil price mostly and yes the markets.

Not many oil and gas companies with prospects over the next two years and beyond as good as afren. 100,000 bopd by end of 2012! 3.50 - 5.00 imho.

P.S My portfolio was up 93% last year. Burn`t bigtime.

I bought some Afren shares at 14p and for a moment they went lower than that...I think 11p for a brief moment...seems crazy now, seemed crazy then !......I don't think we shall have a drop back to another doubledip but pullbacks like this one were bound to come along.

Rf gr8t buy at 14p. I think the lowest i paid was 22p. I hope you still hold those 14p shares. Long way to go here.

I've bought and sold along the way but I've always retained a very strong foothold in Afren.....staying put for the moment : to make me sell : there would have to another big, big bank crisis coming and I don't think there is one....

Agreed no bank crisis, Steady year ahead. Sp,s only moving north on solid news. Of which Afren will have loads.

Yes i recall you as one of the few at those levels,as far as the present SP is concerned it looks a bargain? This is imo down ti th present market,on one of the threads i warned that news of a market cirrection was on the way.It just shows the power of rhose who can.
So hopefully we're nearing the bottom and things will steady,remebering soon to enter the FSTE250 and 15k bopd is not that far off
cyril

I think it's premature to write off another banking crisis, but good luck with AFR.
2517

There is something fundamentally going on in the markets at the moment irrespective of company prospects. I thought after Xmas the market had decided that we weren't going back down but now I am not so sure. On that basis AFR could go anywhere as the big institutions short sell. I still try to trade shares but wouldn't try and hold anything long-term until the picture becomes clearer.

I reckon that at some stage...can't say when : we are going to have the scramble to get in day.....could come at anytime....

DD i reduced my portfolio by roughly 40%,inhind sight it would have been better at
100%. Tin hat time ne thinks?
cyril

I agree 100% cyril. Unfortunately I still hold loads so I have 2 tin hats on.

I doubled my holding here some time back ,so i'm sitting in a Tank..

I think AFR is a buy now.

Might be worth waiting for their next trading statement, cash generation is the key to their success.

Am tempted to get back in at about this level. Oil price ($72.89) not helping any of these companies, but chart support is round about 85p.