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Ophir Energy Shares News & Articles

Can Ophir Energy resist takeover interest after Faroe Petroleum’s capitulation?

South East Asian and African focused oil play Ophir Energy (OPHR) falls 2% to 44.1p as it rejects a £360m takeover approach from Indonesia’s Medco. The argument that a 48.5p per share bid undervalues the company is strengthened by the previous revelation that Medco made an approach at 58p in October and 53.8p in December. This would suggest Medco is reacting opportunistically to the fall ...

Market report: FTSE 100 slips on weak Asian markets but energy stocks keep mid-caps bubbling

UK stocks start the year on the back foot with the FTSE 100 index falling 1.6% or 106 points to 6,622 giving up almost all of its post-Christmas gains. Every sector except Tobacco is in the red this morning with Banks, Industrial Engineers, Miners and Oils providing the biggest drag on the index. Best-performing stocks in the FTSE 100 are Imperial Brands (IMB) and retailers Next (NXT) and ...
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