Valiant Petroleum Share Discussion Threads

[utrecht_00] 05/2/2013 15:11

Frazboy- many thanks, so they weren't wrong about their year end exit rate. They must be debt free now. This thing is throwing off cash at some rate. They can easily afford to suck up any additional fionn costs for yet more production in the second quarter. We can maybe add another 4500 to the number. Funding Handcross alone now should not be an issue.

Really don't understand the current share price

[frazboy] 05/2/2013 14:54

according to Oct DECC production data Valiat's October production data was 8,200 bopd from the Don Fields. Chuck in 2900 for Causeway from Nov 1st then the company has a Nov/Dec rate of 11,000 bopd

the market really has absolutely no faith in this company going forward

[pyemckay] 05/2/2013 11:33

nightshift fella

[utrecht_00] 05/2/2013 09:24

BTW why did Blackrock issue a form 8.3 yesterday when they have 0.93% of the shares issued. You issues a form 8.3 when you have over 1%. How odd.

[utrecht_00] 05/2/2013 09:21

pye- couldn't sleep?

[pyemckay] 05/2/2013 04:31

hargreave hale still increasing..:-)

[ed 123] 04/2/2013 22:31

No. No answer to my email, either.

[utrecht_00] 04/2/2013 18:18

Ed - did you get that call back?

[ed 123] 04/2/2013 15:59

FWIW, this morning RBC were reported as reiterating their 'outperform' rating on Valiant.

Old price target 600p.

New price target 575p.

Price at reiteration 402.25p.

Price now 369p.

We're not the only ones to be wrong-footed, then.

[utrecht_00] 04/2/2013 15:10

CT, lets see whats happens end of day. Maybe there will be a spike back up?

[utrecht_00] 04/2/2013 14:08

probably simply re-balancing their portfolio. These guys often get it wrong. I remember Aug 2011 Blackrock dumping Cove energy shares are 55p intraday selling several %. 7 months later Cove get bought at 240p.

Sometimes when a stock drops they just puke them up no matter what the price. If they were to sell all 1 million left it won't take long to shift them.

[ed 123] 04/2/2013 13:47

Yes, Cazenove sold 375,650 shares on Friday.

Wonder why they did that? They can't know the result of the strategic review or they would be trading with inside information. How bad are they expecting it to be?

That sale could explain Friday's price action.

Down another 8% as I type. Cazenove again? They had about 1 million shares left.

No phone call yet.

[bomfin] 04/2/2013 13:20

Yes you get 78% back at end of year I think.

[wild_goose] 04/2/2013 13:03

I see there are 3 RNSs out today, so far.

Are we saying 3 IIs have dumped our shares.

[bomfin] 04/2/2013 12:51

expensive drills as carrying Rocksource also I think. High potential with Norvarg expected to be over 200 million boe gross (Valiant 13% there)

[bomfin] 04/2/2013 12:49

Storbaden and Norvarg appraisal meant to be 1st quarter 2013 start date

[sludgesurfer] 04/2/2013 12:41

They'd be bonkers to drill handcross sole risk given their record imo.

[ohisay] 04/2/2013 12:22

40m$ last time I looked.

[sludgesurfer] 04/2/2013 12:00

There are a few questions in my mind:

Is causeway needing water injection and artificial lift earlier than was prognosed? What is the present water cut?

With no farm in partner, what are we currently on the hook financially for to Transocean w.r.t. Handcross?