TEP

In a downtrend, a share to be cautious of when it's under the 200 dsma which it is now.
Failure to hold above 650p on it's recent update shows there are still sellers around.
Support at 629p, which I would watch to see if the share can hold above. A watch for me at the moment.

APR

Not a buy at the moment, chart only. If u look back over the recent trading 1000p is critical support and resistance. Above the 200dsma but has straddled the line recently so not that much help for trading.


For Immediate Release 1 February 2012

APR Energy plc ("APR Energy")

Statement on TEPCO contract. No change to market guidance.

APR Energy announces that, due to a change in its strategy, the Tokyo Electric Power Company ("TEPCO") has given notice that it will terminate part of its contract with APR Energy effective March 31, 2012, four months earlier than the originally scheduled termination date of July 31, 2012.

The partial contract termination applies only to the APR installation at the Hitachinaka power station, which comprises 83MW of diesel generators and 50MW of gas turbines. It does not affect the 70MW of APR gas turbines that remain in operation at the Yokosuka site.

Existing contract provisions related to early termination provide for payment of a substantial portion of the remaining rental fees to APR, so that any impact on APR Energy's revenues this year would be marginal.

APR Energy maintains a robust commercial pipeline and is confident of its ability to deploy the MW capacity in other opportunities. In addition, the phased roll-off of the TEPCO contract will enable more efficient asset utilisation.

APR Energy, therefore, remains confident it will deliver financial performance for the 2012 financial year in line with its previous expectations


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the market didn't like the news although guidance is unchanged so guess it all comes back to 1000p will it turn out to be support or will it turn out to resistance ? Only way I know watch and wait.

regards in trading

oilers have been the sector to have been trading, but with the DOW and the FTSE pushing up against resistance a dangerous time to board the train. For me a time to hold the shares I have but be ready to book profits, so guess I can't be of much help at this time.


DJ MARKET TALK: Oil Majors Seen Buying Cheap Producers -Westhouse


1049 GMT [Dow Jones] On the back of recent oil company acquisition news, Westhouse Securities expects more cash-rich oil majors to take advantage of current low valuations to buy, as "it is clearly cheaper to buy reserves through the stock market than to explore." It notes the recent Royal Dutch Shell (RDSA.LN) bid for Cove Energy (COV.LN) and a possible offer from Dragon Oil (DRS.DB) for BowLeven (BLVN.LN). Westhouse notes that in the current industry environment, large companies will primarily be looking for bid targets trading at a substantial discount to NPV. The brokerage sees companies such as Coastal Energy Co. (CEO.LN) Soco International (SIA.LN) as possible targets for their operations in Southeast Asia; Antrim Energy Inc. (AEN.T), Ithaca Energy Inc. (IAE.T) and Nautical Petroleum (NPE.LN) as possible targets for operations in the U.K. North Sea; Petroceltic International (EG5.DB) and Gulf Keystone Petroleum (GKP.LN) as possible targets for operations in Africa and the Middle East; Global Energy Development (GED.LN) as a target for its LatAm operations; Indus Gas (INDI.LN) as a possible target for its India operations and Northern Petroleum (NOP.LN) as a target for its European operations. Westhouse has buy recommendations on Ithaca Energy, Nautical Petroleum and Northern Petroleum. No recommendations on the others.


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from this list AEY, sold off on the latest well, well worth researching. BLVN if u think the bid will happen it will be above the current price, of course already jumped on the last news.

DYOR etc.,

Lets compare ratings using pe and future pe (figs from Hemscott)

APR is in the same sector as Aggreko which I've done so well with and is rated way lower, if it gets rated anywhere near like Aggreko then the price is going to boom. Temporary power is going to grow as a market these next few years I reckon.

AGK current pe 27 future pe 22

APR current pe 128 future pe 17

Couple of comments, a good example why looking at the current pe only tells us the history and the future pe of APR is 17 so doesn't look great value, of course depends on your trading time scale. I am wary of new IPO's It's Probably Overpriced is the market adage.
I have no firm view either way if the share is a buy or not.

from this list AEY, sold off on the latest well, well worth researching. BLVN if u think the bid will happen it will be above the current price, of course already jumped on the last news.

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an update of the previous post, whilst I said it was a dangerous time to board the train it indeed has been for most oilers. as for the shares to research.

BLVN, DGO backed out of the bid fairly quickly, the share is still of interest when the rig starts drilling again, not long to wait now.

AEY, was sold off when they proposed hiving off their Argentinian assets, again still of interest when they become a purely N Sea play.

The odds of trading any oilers and making a profit are stacked against u at the moment so not a recommendation to buy either share.