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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Star Energy Group Plc | LSE:STAR | London | Ordinary Share | GB00BZ042C28 | ORD 0.002P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.09 | -0.85% | 10.50 | 10.00 | 10.98 | 10.98 | 10.50 | 10.98 | 820,600 | 11:45:15 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Computers & Software-whsl | 4.04M | -1.01M | -0.0079 | -3.80 | 3.84M |
Date | Subject | Author | Discuss |
---|---|---|---|
27/3/2024 17:25 | Anyone seen bri??? | ozzywalker | |
27/3/2024 17:15 | yes bad gateway. here’s some links | smackeraim | |
27/3/2024 15:59 | currently shown as 2nd highest riser on toplists | sea7 | |
27/3/2024 15:43 | 26% up Solid move today | sea7 | |
27/3/2024 14:32 | Croatia's very into this geothermal play though. From googling newsflow they see themselves becoming a hub for europe producing and selling bucketloads of geothermal produced power. Am waiting on their Croatian update to really decide if they're worth more investment based on it but am a lot more positive on their choices at least than I was before a little research on it. | bad gateway | |
27/3/2024 14:10 | If they manage to sell the O & G portfolio for a good price we should sack the board and tell them to distribute the cash to shareholders and liquidate the company. Otherwise they will just blow it all away. | kibes | |
27/3/2024 12:36 | geothermal is further out- its the oil that will be filling the coffers and supporting the increase in share price. should also be noted that they want to transition to a geothermal company - which means they will sell the entire O and G porfolio, once they have it all tidied up - it is worth multiples of the current SP | sea7 | |
27/3/2024 12:35 | thanks for that wisdom terrance | smackeraim | |
27/3/2024 12:33 | Low energy prices will be not good the pumpers are trying it on though | beatme1 | |
27/3/2024 12:22 | Is this really going up or is it a just a dead cat bounce as market makers try to get rid of stock they have taken on but could not sell? The company is certainly grossly under valued but that is because nobody thinks geothermal in Croatia is going to make any money. | kibes | |
27/3/2024 12:15 | https://x.com/theuns | dannymaz89 | |
27/3/2024 10:23 | even at 20p a share its a paltry £22 million mcap | sea7 | |
27/3/2024 10:22 | On the move 15% up Defo looks like Sandgrove and Bank of america are done selling | sea7 | |
27/3/2024 08:51 | Looks much firmer. Feels as if the seller that was a drag on it has finally shifted. | smackeraim | |
27/3/2024 08:38 | so undervalued... As at interim accounts... assets given a value of... 1P NPV10 of $144 million(2021: $139 million): 2P NPV10 of $215 million (2021: $190 million and Ring fence tax losses of £259 million | sea7 | |
26/3/2024 12:17 | star still producing 17% of all the UK onshore oil - 2nd highest producer star still producing 5% of all the uk onshore gas - 3rd highest producer | sea7 | |
26/3/2024 08:42 | https://x.com/theuns | dannymaz89 | |
26/3/2024 07:59 | operational and market performance mismatch Canaccord Genuity view Star's recent updates highlight the progress made across the company's diverse UK onshore oil and gas production base and in the Croatian geothermal business. Over the past year, the company has turned around a declining UK production profile for the first time in many years, through a combination of greater focus on incremental low-cost enhancements to well performance and significantly improved surface facilities efficiencies and uptime. That has clearly borne fruit over the past 12+ months, and we think there is plenty of scope to maintain that elevated performance at least over the next few years. That is important because while the company sees longer-term growth through its geothermal businesses, it is the UK conventional hydrocarbons that provide the backbone of cashflow in the nearer-term. We think the progress made by Star in the UK and in Croatia is substantial, and certainly not reflected in the recent market performance. We maintain our BUY rating, and though we trim our risked NPV10 target price to 65p (from 73p) to reflect the slow pace of progress (unrelated to Star) of the UK geothermal business, we think the company's valuation footing has improved significantly over the past year. Conventional production Productivity gains: FY23 company expected c.2.09 kboed, better than early year c.2.0 kboed guidance. That rate implies higher production in H2 than H1 (2.07 kboed), itself a positive indicator. As a result, 2023 output is set to be the best since 2019. The signs are that a rolling programme of continued smaller scale investment - workovers and infrastructure optimisation - can be expected to deliver similar stable production levels for several years. New projects would provide further upside, but those probably require additional financing. Costs: Star has also done a good job on operating cost control, which continue around $40/boe despite the inflationary environment. Geothermal projects Croatia: Star only entered the country in August through the acquisition of 51% of local company A14 Energy which holds the Ernestinovo geothermal exploration licence. Since then the company has been awarded two further licences, prepared a wellsite for testing of Ernestinovo-3, and mobilised a rig to test flow rates (results expected early 2024). A successful outcome can be expected to lead to application for a long-term exploitation licence. UK: That progress contrasts starkly with activity levels in the UK, where a combination of factors - permitting, lack of government funding distribution, bureaucracy - have all conspired to hamper any real progress. Valuation underpinning The benefits of the renewed vigour applied to the UK oil and gas assets - both improved productivity and cost control - are critical to the underlying value of Star. Given the unsurprisingly relatively high operating costs of small fields onshore UK and the significant element of fixed costs, squeezing the most from the assets is critical to value. Star has done an excellent job recently. We recognise the high degree of valuation gearing to oil price changes, but our modelling suggests that the current market value can be supported by an LT oil price (from 2024) of close to $60/bbl, assigning no value to further larger UK oil and gas project development nor the UK or Croatian geothermal businesses. In our view, the market discount to an improving story with solid valuation underpinnings is too stretched. | dannymaz89 | |
25/3/2024 13:37 | https://x.com/smacke | dannymaz89 | |
25/3/2024 12:31 | Corringham, Lincolnshire: New well planned for the second half of the year. Planning and permitting in place. If successful, this would add 110 barrels per day, IGas said.Glentworth, Lincolnshire: Planning application for a new wellsite due to be heard by Lincolnshire County Council in April 2023. If successful, the site could produce 200 barrels/day, IGas said, and further drilling could add an extra 500 barrels/day.They got planning btw:https://www.offs | dannymaz89 | |
25/3/2024 09:28 | Looking much better now. Finally. Nice summary in a tweet I noticed. https://x.com/johnm_ | smackeraim | |
25/3/2024 07:50 | https://finance.yaho | dannymaz89 | |
24/3/2024 19:28 | Newsflow for STAR- tr1 sand grove out- end of year accounts to December this week or next- results from Croatia geothermal drill this week or next- green network energy grants for the 3 already awarded sites- activate mou with SSE- drilling in glentworth for an extra 200-700 boepd- hydrogen storage application | dannymaz89 | |
24/3/2024 19:03 | Good time to get in. Sell on news spike and buy again | jack007 |
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