Petrotal Share Discussion Threads

[pughman] 09/5/2024 17:14

Yesterday, my minimum dividend for 2024 was 8c, today it's 6c, which is why I sold up.

[taurusthebear] 09/5/2024 17:01

The yield often looks better if you relate it to the average price at which you bought. Given the inability to get past 50p, I look for positives.

[stemis] 09/5/2024 11:32

Slightly disappointed and surprised that no liquidity sweep and paying 15% withholding tax is a pain. However very cheap; P/E of 2.9 and EV of only 1.6 x ebitda, with an 8.5% (after WHT) yield. Oil price slightly higher in Q2 so far and the benefit of the acquisition to flow through.

[rockyride] 09/5/2024 08:51

Anyone notice the TR1 over at AXL after hours yesterday. Don't be surprised to see these two companies in some kind of corporate action at some point.

[kaos3] 09/5/2024 08:44

I own a small real estate on the river bank. The river 15m broad moves about 300m left AND right over the years. It is not one way move at least here.

Good they got permits to regulate. NGOs and all that.

[briggs1209] 09/5/2024 08:37

That is a chunk on money to spend on a riverbank. No wonder they think it is prudent to keep hold of the cash. Clearly it needs attention as it sounds like it is impacting operations to a certain degree.

[spangle93] 09/5/2024 07:59

Increased capex spend in 2024, accelerated drilling program vs plan

No liquidity sweep to add to quarterly dividend, but share buybacks up to $12MM to re-start

Link to RNS

The version in investegate doesn't display correctly

[sleveen] 09/5/2024 07:49

Collapsing riverbank unexpected.

[royalalbert] 08/5/2024 20:28

Good price by the looks of it, on a separate note not sure why a few zero days on the Perupetro production site.

[loafingchard] 08/5/2024 13:18

Looks like sensible rationale to the deal, I'm happy with it and from what info we have the value appears compelling.

[spangle93] 08/5/2024 10:14

SteMiS - I thought the same as you, but I think the relatively low price agreed reflects the production from the effective date

[stemis] 08/5/2024 10:10

900 bops for $5m has a one year payback at a netback of just $15. At a more reasonable $35 it's just over 5 months. Since the effective date was Jan 1, it's pretty much paid for itself already.

[spangle93] 08/5/2024 08:51

Looks a good add-on fit on paper, and $5.55k/flowing barrel is half what TXP just acquired TRIN's assets for.

If it's low decline rate as stated, and they plan additional work, then hopefully discounted cost of decom is a long way down the road (in any case it would have been factored into the purchase price).

But as Thommie notes, no details on costs so far, so we look forward to more information it in time.

[thommie] 08/5/2024 08:24

Depends on the operating cost of the field. add decom costs... But Manolo was speaking about that field since years, to dilute bretana oil to sell it in higher quantities to iquitos refinery and for a better price.

[tag57] 08/5/2024 08:16

Interesting acquisition announced today. $5m for 900/bops with development opportunities looks like a pretty good price.

[royalalbert] 03/5/2024 06:04

Another string to the bow.

[briggs1209] 03/5/2024 04:34

They plan on using barge and truck,

hxxps://www.eppetroecuador.ec/?p=22040

Nice first steps to increasing delivery bottleneck

[texaspete2] 02/5/2024 22:03

Just saw this on my stocko newsfeed:QUITO, May 2 - Ecuador's state-owned oilcompany Petroecuador announced an agreement on Thursday with PetroTal in Peru to transport Peruvian crude through Ecuador's Block 16 facilities in the Amazonian province of Orellana.

[thommie] 24/4/2024 07:11

Mhh, quite some big changes. Wondering what happened between doug urch and Manolo that he was forced to leave...

[pughman] 18/4/2024 09:59

Shareholders have been receiving a special dividend every quarter since Q3 23. Ptal call it a liquidity sweep.

[11_percent] 18/4/2024 09:34

Special Divi

Anyone have an opinion on:

1) If a special divi will be paid this year.

2) How much it will be.

3) when it is likely to land.

Cheers.

[sandoval] 17/4/2024 15:12

Banks seem to charge 25% but from my experience AJ Bell charge 15% as long as you fill in form NR 301.

[m24xp] 17/4/2024 15:11

Depends on the broker. Mine (EQi) charged me 25% and when I questioned it denied there was such a thing as a 15% rate, as do others. But apparently many other brokers charge the 15%.

[popit] 17/4/2024 15:04

This is a Canadian share

So is there a Withholding Tax deducted from the dividend if not held in a SIPP ?

Is it a deduction of 15% or 25% on the dividend ?

[11_percent] 16/4/2024 16:30

Thanks RA.