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OPHIR Energy (OPHR)

nigelpm
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Re: OPHIR Energy (OPHR)

#111973

Postby nigelpm » January 19th, 2018, 8:29 pm

Hugely undervalued for me - just waiting on getting the Fortuna financing sorted.

Worth checking out the price of LNG of late as well:


https://af.reuters.com/article/commodit ... FL3N1PA1YT

* Avg price of spot LNG contracted in Dec was $10.20/mmBtu
* Marks highest since Jan 2015
* Asia prices held above 3-year highs on firm demand in Dec

shauniekent
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Re: OPHIR Energy (OPHR)

#114313

Postby shauniekent » January 30th, 2018, 5:47 pm

Ophir continues to drift - and hasnt tracked up with other companies in the sector over the last few months...

Does anyone have a view why? I always thought Ophir looked attarctive (WTFDIK) but its shareprice looks like someone knows something i dont.

Anyone got any insight?

dspp
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Re: OPHIR Energy (OPHR)

#114381

Postby dspp » January 30th, 2018, 10:06 pm

It is not one I track closely, but:

- Fortuna FLNG investment (FID) delayed ..... why ?
- running at breakeven at ~$60/bbl by eye (I really mean level net cash)
- high oil prices mean more shale in the market, and more displaced Atlantic LNG chasing a home ... oddly difficult to get FID
- rumours re Tanzania LNG delay
- ambiguous RNS and trading updates

So no reason to go up, and since many are in a share like this for it to go up, then they tend to get shaken out by the normal trading plays. And there are enough real reasons things could go pear-shaped that they may be right to be frightened off. But like I say this is not one I track much so I could well be completely wrong.

just my 2c, DYOR,
- dspp

nigelpm
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Re: OPHIR Energy (OPHR)

#114727

Postby nigelpm » January 31st, 2018, 11:45 pm

That's all the negative points which I concur with.

However for c.£400m you are getting a lot of reserves and remember 20% of Tanzanian block was sold to Pavillion for £1.2bn back in 2014 when oil and gas prices were similar to now.

It genuinely looks stonking value to me but I'm certainly not looking at it as objectively as I would be if I didn't hold it.


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