< "> 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

Crucial date is now the 13th Feb, or any time before, but it is likely that the traders will have moved on by that date, as they won't like the risk of SEPLAT walking away.
Gap on the chart will be closed at around 17.5p, so that may be the short term target.

Overall I'm at a loss but the 5p buy + the sp surging upwards today is helping a lot.....I would be pleased if this went past 20p....

When I think this used to be a blue chip...ultra reliable....never thought we'd get this volatility like this normally only reserved for penny shares.....

That's because it is a penny share!

Brent @$56.60.

Brent oil price has spike again this morning but there is now a small drop from the top

Share price on the rise again, trying to reach 15p, but got short and a large retracement to just under 14p
Is normal after such a rise, where there is constant profit taking some times MMs games in order to replace their books like the one now

The GAP is partially being close from around 12p to 17p, after yesterday reaching the starting point at one time

You always catch a bad LIAR

Reading back I notice the squelched is NOT a squelched

Although he wants to be contrarian, he recognize that I know my share business, so he has to follow me one way or another

cynic - 02 Feb 2015 12:41 - 3243
abuse is easily dealt with ... squelched

mentor - 02 Feb 2015 13:48 - 3244
GOOD ALL SORTED

mentor - 02 Feb 2015 23:18 - 3257
The way some think about the company down and now up ......

cynic - 03 Feb 2015 08:28 - 3258
there is a fair amount of sense in the above, though i do not necessarily concur with all its conclusions

i unsquelched you this morning ..... it's as easy as squelching you
when you behave in a civilised manner, your posts can be interesting, as was the long one you posted earlier

3267 is just a load of garbage, but unfortunately one has to suffer the bad with the good until the aggravation of the former sufficiently outweighs the latter

that you have an over-inflated opinion of yourself and your skills is fine even if risible

I hope you confese you sin at the Sunday mass

sorry I forgot I read somewhere you are not Christian

forget about going to mass, I am going to be the Padre and forgive you once more

Bullshare is watching ....... be aware.,.

Are the Saudis going to win the battle as others including the US are cutting back on exploration?

Oil Prices Continue Their Rally

Oil prices continued their rally on Tuesday as investors continued to bet that a sharp decline in U.S. drilling activity will balance the oversupplied global market even as analysts cautioned that the rebound may not prove sustainable.

Front-month Brent crude, the global oil benchmark, rose 2.3% flirting with $56 a barrel on London's ICE futures exchange. On the New York Mercantile Exchange, light, sweet crude futures for delivery in March recently traded at $50.65 a barrel, up more than 2% from Monday's settlement.

Both the global oil benchmarks have gained more than 11% over the last three sessions after data last week showed the number of oil-drilling rigs in the U.S. fell to their lowest in three years.

Gareth Lewis-Davies, analyst at BNP Paribas, said that investors are encouraged by the U.S. rigs data, which suggests cuts in production would follow.
But as the lag between falling rig counts and falling output is up to nine months, the rally may not be sustained, Mr. Lewis-Davies said. What is more, global supply is still exceeding demand and crude stocks will continue to build for some time, he said.

"People are trying to catch a falling knife," Mr. Lewis-Davies said. "Investors are trying to buy ahead of the upturn in physical balances being afraid not to miss the boat."

RBC Capital Markets said that prices could grind lower into the second quarter until evidence mounts that a deceleration of non-OPEC supply growth is taking shape. The Organization of the Petroleum Exporting Countries has resisted cutting its production in a bid to squeeze out its competitors out of the market.

RBS cut its Brent crude forecast for this year to $57 a barrel from $71, and its Nymex crude forecast to $53 a barrel from $65.

The market today will be focusing on oil-inventory data from the American Petroleum Institute, followed by the more reliable reading by the U.S. Energy Information Administration on Wednesday. Investors expect another weekly increase in U.S. oil stockpiles to record levels.

Besides U.S. supplies, global inventories are also building up as more unused oil goes into storage in many countries, including a portion that is stored on tankers at sea.

Société Générale estimates that the global buildup in oil stockpiles in 2008-09 was 210 million barrels, rising to 265 million barrels last year. "We forecast another large build of 300 million barrels during the first half of 2015," it said.

Investors are also tracking spending cuts and falling profits at major oil companies, as these will eventually lead to cuts in oil output.

BP PLC on Tuesday became the first of the world's oil majors to record a quarterly loss and said it plans to reduce exploration expenditure and postpone a number of projects. The company expects organic capital expenditure this year to total around $20 billion, significantly lower than its previous guidance of $24 billion to $26 billion.

14.8p seems to be the stumbling block today.

MMs playing games?

well it is an order book share but we also know that MMs know how to manipulate it
now one way is to bring some correction and get into the stop loss and get rid of some traders. ( fill up their books also )

So they brought the stock down to 12.60p spike (50% intraday retracement ) and up again currently 14.05p

Are the Saudis going to win the battle as others including the US are cutting back on exploration?
probably is my guess, as their balls are bigger, or put another way, they have plenty of cash and oil reserves that are far and away cheaper to exploit than anyone else's

of course, in the slightly longer term, it will be the revival of the chinese and indian economies, the latter seemingly already under way, though slowly

I think the expression is 'Their pockets are deeper!'. ;o)
[Though not sure if Thwabs have pockets.]

They are always losing their car keys....

I've got a few mates like that at the bar - deep pockets and short arms!

Damn.....pulling back sharply...any reason ?...

as far as i can see, and mentor will know better, there looked to be strong resistance as expected at 15 ..... 12.5 may have been expected to be a support but was not, so now you're back exactly to where it opened ..... the brave may argue that 10p is the "new base"

as i mentioned earlier, (i think) this is a totally false market, sp gyrating as the professionals dive in and out .... why else would there be 280m traded today?

May be of interest