Ophir Energy Forum

so will ophir inherit sdmr debt if ophir takeover sdmr?

if sp do not go up soon then it will go down, since it t/o SMDR then it took on its debt too, ophr will then it abit better/similar to AFR or ENQ, 80p - 90p by end of year? with sp in downfall and oil price could go down lower to $50 a barrel

will be rocketing to £1.70 soon

Ophir to launch £275m bid for rival oil explorer Salamander Energy,Sona Petroleum - OPHR, SMDR News Today, 7:14 AM [link] A BIDDING WAR is set to break out over Salamander Energy, a London-listed oil explorer with operations in Asia. It is understood that Ophir Energy

I am astounded at some posts here. Why are you even playing the game if you dont know how it works!!!? oneforall and Alexios. If the SP is below NAV/share it makes sense to buyback as you basically get your own company for a good deal. Read Intelligent Investor by Benjamin Graham. Basic stuff.

It is the reverse of dilution so SP will rise. It is a sound financial operation. The shars still held by the company will go up in value as will all shareholders. They are fully funded through 2015 so this makes total sense. It's a sign of success not failure.

No real concerns yet, citigroup just started coverage with a buy and 2.80 target as of 9th July .. so keep an eye on it .. but no big panic..... YET....

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