It's been a turbulent year for investors in Asia and Africa-focused gas and oil explorer Ophir Energy (LSE: OPHR). First, they had to endure January's market storms, which hammered its share price along with everybody else's.
In 2012, Tullow Oil (LSE: TLW) recorded a pre-tax profit of over $1.1bn. However, in the last two years it has made combined losses of over $3.3bn, which shows just how challenging the oil and gas industry has become.
January was a tough month for investors in Asia and Africa-focused gas and oil explorer Ophir Energy Plc (LSE: OPHR), but it was a tough month for pretty much every energy stock, as fears of a Chinese hard landing intensified.
Some equity investments are just like junk bonds: Ophir Energy & Tullow Oil belong to this category. Junk doesn't mean that they may not turn out to be good investments eventually; it simply means that they carry a huge amount of risk.
Ophir Energy (LSE: OPHR) - an upstream oil and gas exploration company - this morning announced that agreement has been reached for the acquisition of the South East Asia-focused independent exploration and production company Salamander ...
Recently, Ophir Energy announced a deal to farm-out a 40% equity stake in its Fortuna floating LNG project to Schlumberger in exchange for reimbursing 50% of Ophir Energy's past development costs, estimated to be around $250m to $300m. Achieving this ...
Few industries are as cyclical as the oil & gas sector, which can be awful for shareholders on the way down but offer great opportunities for patient investors to buy great companies at depressed prices.