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TOPIC: Ophir Energy

Ophir Energy 24 Mar 2014 18:34 #1

  • remo
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Hi Elena
Right now its not a good idea to buy this share on a technical basis. This share has been in a down trend since 2012. The best area to have made a quick trade was 235 but that trade has gone already as it bounced of that level nicely. So now your best bit is to wait for a 123 low signal to occur and then only would you look to enter this share and not before.
123 low signal is used to determine when a share has potentially ended its down trend.It gives the green light to enter. If your wondering what that is then look in the learning section.
chartsview.co.uk/learning/123-Low.html

As with any share..If you wanted to buy a share its only advisable to buy at support and only if the trend is up.
hope that helps
remo



dl.dropboxusercontent.com/u/4899609/ophir24thmarch2014.png


dl.dropboxusercontent.com/u/4899609/ophirweeklymarch2014.png
Elena Saratov wrote:
Today Ophir announced receipt of just over $1.29 Billion for 20% of blocks 1,3 & 4 in Tanzania from a Singapore company. Singapore is likely the target market for the Gas found.

Their website says that they own 40% of these fields. I am unsure if this is after the transaction.
So let us assume they now own just 20% of these assets.

This transaction values them at $1.29 Billion for the cash and another $1.29 Billion for the remaining 20%.
The company has lots of other assets.
The market cap is £1.489 Billion.

Last week they hit a duster and the SP is heavily down and not far above the 240p support level trading at 250.70p at the time of this support.

Should I enter at 240p with a tight (235p?) stop?

Or wait to see if this support is breached.

I see a low of 178.75p in August 2011.

Any other views appreciated.
Information Purposes Only, Do Your Own Research
remo
Last Edit: 24 Mar 2014 18:35 by remo.
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Ophir Energy 24 Mar 2014 13:58 #2

  • Elena Saratov
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Today Ophir announced receipt of just over $1.29 Billion for 20% of blocks 1,3 & 4 in Tanzania from a Singapore company. Singapore is likely the target market for the Gas found.

Their website says that they own 40% of these fields. I am unsure if this is after the transaction.
So let us assume they now own just 20% of these assets.

This transaction values them at $1.29 Billion for the cash and another $1.29 Billion for the remaining 20%.
The company has lots of other assets.
The market cap is £1.489 Billion.

Last week they hit a duster and the SP is heavily down and not far above the 240p support level trading at 250.70p at the time of this support.

Should I enter at 240p with a tight (235p?) stop?

Or wait to see if this support is breached.

I see a low of 178.75p in August 2011.

Any other views appreciated.
The administrator has disabled public write access.
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