|Bid||0.00 x 1592600|
|Ask||0.00 x 1147000|
|Day's Range||128.80 - 133.00|
|52 Week Range||88.75 - 177.20|
|Beta (3Y Monthly)||1.70|
|PE Ratio (TTM)||14.33|
|Earnings Date||Sep 24, 2018 - Sep 28, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||181.60|
** Coca-Cola Co said it bought Australia-based Organic & Raw Trading Co, known for its Mojo brand of kombucha tea, extending its push into healthier drinks. ** Nestle, Unilever, and Coca-Cola are among bidders for GlaxoSmithKline's Indian Horlicks nutrition business, expected to fetch more than $4 billion, four people familiar with the matter said. ** U.S.-based recreational vehicle maker Thor Industries has agreed to buy German family-owned peer Erwin Hymer Group in a deal valuing the company at 2.1 billion euros ($2.45 billion)including debt, Thor said.
LONDON (Reuters) - Faroe Petroleum (FPM.L) had a "constructive" meeting with DNO (DNO.OL) last week, Faroe's chief executive said on Tuesday, as DNO is widely expected to attempt a hostile takeover ...
DNO withdrew its request for seats on the board of Faroe Petroleum amid an escalating war of words between the companies.
Investors have sent shares in European oil exploration and production (E&P) focussed companies like Premier (PMO.L), Tullow (TLW.L), EnQuest (ENQ.L) and Faroe (FPM.L), soaring, and some fund managers say they have not peaked yet. Shares in smaller and mid-cap British oil companies are outperforming the London FTSE blue chip index (.FTSE) and their larger competitors (.SXEP), riding the wave of rising oil prices (LCOc1) much higher than oil majors. "The sector has performed quite well, but not as well as it might have done, we've only just started the rally," said Paul Mumford, senior fund manager at Cavendish Asset Management, who is invested in Faroe, EnQuest, Tullow, Hurricane Energy (HUR.L) and Cairn Energy (CNE.L) and other smaller E&P groups.
Norwegian oil firm DNO (DNO.OL) has again increased its stake in Britain's Faroe Petroleum (FPM.L), it said on Thursday, boosting its holding to 27.7 percent the day after it bought its first shares. DNO on Wednesday purchased 25.4 percent of Faroe, adding it would become a long-term strategic owner while insisting it did not plan a full takeover. DNO returned to the North Sea last year after years of expansion in the Middle East, with the aim of growing via acquisitions and other investments.
Norwegian oil firm DNO (DNO.OL) increased its stake in Faroe Petroleum (FPM.L) to 25.4 percent on Wednesday, after announcing earlier in the day that it had bought a 15.4 percent holding in the British company. DNO bought the initial stake from Israel's Delek Group (DLEKG.TA) and said after the market close that it would offer to buy up to 10 percent of Faroe's shares from other shareholders, although it does not plan a full takeover. "DNO now has decided to build a long-term strategic shareholding in Faroe Petroleum and to support Faroe Petroleum management's growth-focused North Sea strategy," it said.
TEL AVIV (Reuters) - Israeli energy firm Delek Group (DLEKG.TA) said on Wednesday it agreed to sell its entire 15.3 percent stake in Faroe Petroleum PLC (FPM.L) for 70.44 million pounds in cash. Delek ...
Faroe Petroleum plc to sell part of its stake in the Norwegian Sea's Fenja development to Suncor Energy Norge AS.
Norway has awarded a record 75 offshore oil exploration licences, to Statoil (STL.OL), Aker BP (AKERBP.OL) Shell (RDSa.L), Total (TOTF.PA) and ConocoPhillips (COP.N) among others, the energy ministry said on Tuesday. The licenses comprised 45 in the North Sea, 22 in the Norwegian Sea and eight in the Barents Sea and were awarded in a so-called annual predefined areas (APA) licensing round, introduced by Norway in 2003 to encourage exploration and development of discoveries near existing infrastructure.
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Faroe Petroleum Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bullish Closing Price above/below 200 Day Moving Average Bullish ... Read more (Read more...)
Categories: Europe Stock Alerts Yahoo FinanceGet full CapitalCube analysis *Disclaimer : This is as of previous day’s closing price. Technical Indicators Below is a quick look at 5 technical indicators for Faroe Petroleum Plc. More studies are available on the Technical Chart. Indicator Signal Closing Price above/below 50 Day Moving Average Bearish Closing Price above/below 200 Day Moving Average Bullish ... Read more (Read more...)