This oil company floated (with a main market listing) in December. Its main production is in Turkmenistan -- it has its own fleet of tankers operating in the Caspian, and on the Volga and Don rivers -- it has profitable production interests in Congo-Brazzaville -- it has been granted an exploration license in Egypt -- it is debt free.

On a p/e of about 14 for 2003, it is not as cheap as it was but I like it as a growth story (particularly if it can bring its gas reserves in the Turkmen Nebit Dag field to market), and a play on continued strong oil prices.

http://www.burren.co.uk

Jimmy,
Sorry to take so long to respond - I've been away for a few days and unable to get to a screen - I think that was fortunate for me because if I'd seen BUR sinking down to 860ish and then recovering I would have been mental.
I think that this is all about reserves - the market was spooked by the Tullow statement on M'boundi along with their results on Wednesday - this is what caused the 75p drop.
To be honest, I haven't a clue where we go from here. This was a bolt out of the blue. We now must wait for the BUR / M&P statement on reserves which is due on 21 April. To me, this is now a gamble. Do I feel lucky?

Cheers Pond Life , just very unfortunate .

>> PL

I do not really see this as a gamble at all, so long as you can take at least a several month view, and after a period of consolidation now is not the time to get out IMHO. There is plenty of drilling going on including Egypt which could be interesting and the buran field is still coming up trumps and gas reserves are not factored into the share price, and this will be coming to market. The stockmarket is nowhere near coming to its senses about oil prices. I saw a note from Deutsche the other day saying that they believe that by 2010 crude will be trading at $35/barrel. Dream on boys, or get realistic and multiply that by 3 or 4 times.

My only reservation is that BUR is no longer a small cap and therefore the chances of it doubling this year are not so great (although I think 50% is possible).

rgrds
gk

That's better ,Burren starting to show it's real value.

Much better to see it going up by 70p than watching it fall by 70p. Today I can afford to smile again. Also holding VPC and SEY, so a great day all round.

as an alternative to JKX which i feel is due for some consolidation, i would have no hesitation in suggesting Burren Oil (BUR), which is another excellently managed company which consistently beats forecasts ..... Furthermore, it is currently just over 1 off its 52-week high, for no good reason ..... indeed, it has recently had a broker upgrade

sorry to sound as though i am just ramping, but i feel i should bring this share to everyone's attention yet again ...... for the same reasons as stated previously

cynic - and yet for some reason the shares continue week. I can only assume that the recent Directors' share sales have affected sentiment - that plus the fact that we are still awaiting news of ther reserves valuations for M'Boundi. M&P have already released their total figure as calculated by D'Golyer and Macnaughton, the consultants, but interestingly, the breakdown figure for M'Boundi was not given. Are BUR hiding any dark secrets? Surely not.

put it this way ..... i was in these shares; made a decent profit which i took and bought back in a week or so ago ...... am still very happy in my belief that that decision was correct

Hi, just wondering about this company, I have noticed since they announced impressive results last March, the shares have been fairly quite and falling, do you think the consolidation of these shares are now overdone? After this week, do you think it is on the way to rise again. Is the price of the share realistic, when EPS are very high?

I've been watching this one for quite a while and decided to pitch in this morning at 723.99. There are four reasons why I felt this investment to be a good buying opportunity.

1. The present political situation in Iran is very unstable and can very easily boil over. There is no way that they are going to stop uranium enrichment and that can only mean one thing - military action. Should that happen then the price of oil will scoot past $100 in the blinking of an eye.

2. The developing world is creating a greater supply/demand problem and whenever demand increases then the price will do likewise.

3. The hurricane season always but always causes the price of oil to rise.

4. Burrens' share price is lagging well behind the ratio of other oil companies and has greater upside momentum whenever the market rises.

All of this imho.

I don't agree with the first 2 points of Harry's analysis, but I also do not think sp in this class company remotely deserves its recent hammering .... but there are any number of other shares to which this could apply too.

Will try to post the chart in a minute, but following the good results yesterday and a very encouraging CEO statement and the fact that sp has just broken through 200 dma, this quality oily is well worth tucking away

Powered by IST's

Hmm! the contrariness of the market!
Good results; encouraging to bullish trading statement; seemingly unexpected new discovery, though quantum still to be determined.
So what happens?
SP takes a dive, albeit that there is some reflection of the current underlying oil price.

If you have an appetite for quality oil producers and believe the current dip in crude will be no more than relatively short-lived, then at least put this stock on your watch list along with Tullow

Burren Energy Placing

RNS Number:6596J
Burren Energy PLC
28 September 2006


Burren Energy plc

("Company")

Placing and Director Shareholding


The Company announces that Seymour Pierce and KBC Peel Hunt have today placed on behalf of the First NIS Regional Fund SICAF (the "Fund") 7,699,516 ordinary shares at 830p per share with institutional investors.

This placing occurred as part of a winding up of the Fund ahead of its closure at the end of October. Following the placing the Fund no longer holds a Notifiable Interest in the Company.

In the Placing referred to above Atul Gupta, Chief Executive Officer, and Andrew Rose, Chief Financial Officer, acquired 12,000 shares and 1,500 shares respectively, at the placing price of 830p.

with this large overhang now out of the way, that cannot surely be anything but good news for sp ..... with the shares also being taken up by institutional holders, not only is it a signal that the institutions consider BUR a solid investment, especially at that price, but they are most unlikely to be offloading any.

although oil and commodities are not current flavour of the month, this could be seen as a good time to acquire ...... i may add to my own holding; not quite made up my mind

as earlier posts will show, i have been a great fan of this company in the past ..... today sees their preliminary figures out which are certainly more than adequate .... however, i am wary of buying at the moment even though rsi is ridiculously oversold .... but, if you looi at the 3 month chart below, you will see that the 25 and 50 dma have converged and have formd what is likley to be a pretty tough resistance .... keep watching for break out, but stay on sidelines for the time being

Broker Recommendations - Wednesday 23rd May 2007, 12:15 pm

Seymour Pierce says buy Burren Energy (LSE: BUR.L - news) and Coda (LSE: CODA.L - news) and overweight on Lloyds insurers.
The broker says hold Kesa Electricals (LSE: KESA.L - news) , Business Post and Experian (LSE: EXPN.L - news) .

Broker Views Selector
Barclays Stockbrokers:
Burren Energy
Date Broker name New Price Old price target New price target Broker change
23-May-07 Seymour Pierce Buy 821.50p - - Reiteration
23-May-07 Evolution Securities Buy 821.50p 1,084.00p 1,080.00p Reiteration
29-Mar-07 Evolution Securities Buy 786.00p 1,084.00p - Reiteration
20-Mar-07 UBS Buy 730.00p 995.00p 980.00p Reiteration
19-Mar-07 Evolution Securities Buy 743.00p - 1,084.00p Reiteration
23-Feb-07 Evolution Securities Buy 801.00p - 1,018.00p Reiteration
22-Jan-07 Dresdner Kleinwort Buy 749.50p 1,086.00p 1,019.00p Reiteration
16-Jan-07 Seymour Pierce Buy 748.00p - - Reiteration
16-Jan-07 Citigroup Buy 748.00p 1,030.00p 940.00p Reiteration
08-Nov-06 Dresdner Kleinwort Buy 860.00p - - New Coverage
16-Oct-06 Oriel Add 867.00p - - Upgrade
24-Jul-06 Deutsche Buy 799.00p - - New Coverage
02-Jun-06 Numis Add 820.00p 905.00p 910.00p Reiteration
01-Jun-06 Seymour Pierce Buy 811.00p - - Reiteration
31-May-06 UBS Buy 812.00p 1,070.00p 990.00p Reiteration
26-Apr-06 Morgan Stanley Equal-weight 1,000.00p - - New Coverage
18-Apr-06 UBS Buy 996.50p - - Upgrade
10-Apr-06 Merrill Lynch Neutral 952.50p - - DownGrade
07-Apr-06 Citigroup Buy 957.50p - 1,165.00p New Coverage
07-Mar-06 Seymour Pierce Buy 998.00p - - Reiteration
03-Feb-06 Seymour Pierce Buy 996.00p - - Reiteration
03-Feb-06 UBS Reduce 996.00p - - DownGrade
02-Feb-06 Oriel Reduce 1,010.50p - - DownGrade
15-Dec-05 UBS Neutral 913.50p - - DownGrade
27-Sep-05 Merrill Lynch Buy 846.00p - 1,015.00p New Coverage
21-Sep-05 UBS Buy 855.00p 800.00p 950.00p Upgrade
24-Aug-05 Bridgewell Securities Neutral 730.00p - - New Coverage
11-Aug-05 Numis Hold 818.00p 785.00p - No change
09-Aug-05 UBS Reduce 842.00p 620.00p 690.00p No change
18-Jul-05 Numis Add 675.00p 760.00p - No change
30-Jun-05 UBS Reduce 669.00p 540.00p 580.00p DownGrade
17-May-05 Numis Buy 481.00p 580.00p - Reiteration
17-May-05 Seymour Pierce Buy 481.00p - - Reiteration
05-Apr-05 UBS Neutral 530.00p 535.00p 540.00p Reiteration
04-Apr-05 Numis Hold 536.00p 540.00p - Reiteration
04-Apr-05 Investec Securities Buy 536.00p - - Upgrade
30-Mar-05 Seymour Pierce Buy 490.00p - - Reiteration
07-Mar-05 UBS Neutral 536.00p - 535.00p Reiteration
24-Feb-05 Numis Reduce 530.00p 450.00p - Reiteration
24-Feb-05 Seymour Pierce Buy 530.00p - - Reiteration
16-Feb-05 Seymour Pierce Buy 476.00p - - Reiteration
08-Feb-05 Seymour Pierce Buy 479.00p - - Reiteration
14-Dec-04 Numis Hold 434.00p - - Reiteration
14-Dec-04 Teathers Buy 434.00p - - Reiteration
14-Dec-04 Seymour Pierce Buy 434.00p - - Reiteration
01-Dec-04 Numis Hold 405.00p 415.00p - Reiteration
21-Sep-04 Teathers Buy 372.00p - - Reiteration
20-Sep-04 Seymour Pierce Buy 367.50p - - Reiteration
09-Aug-04 Dresdner Kleinwort Buy 348.00p - - New Coverage
06-Aug-04 Dresdner Kleinwort Buy 354.75p - 425.00p New Coverage