Earnings per share 20c or 15p.
P/e less than 3.
Positive cash balance.
Production largely hedged.
Impressive. |
Results look good to me. Should be a "safe" long term hold, but I thought that about TXP, so what do I know? The BOD here do seem to be better than TXP, and I doubt the latter would do this: Acquired 381,719 shares in the market through Employee Benefit Trust to fulfil recent Executive share awards, thereby avoiding issuance of new shares. My bold. |
'The Company intends to release its financial and operating results for the full year 2024 in April 2025.' ...... Operational and Financial Update - 22 January 2025
Pleasing to see the company bring forward by a month publication of the Annual Results compared to previously.
Invariably, behaviour of a confident, driven management with a strong business development story and set of results to report.
AIMHO/DYOR |
Azule selling stake in Block 14 hTTps://x.com/TraderjohnBaker/status/1913836356628861284 |
hTTps://www.maureletprom.fr/en/documents/download/1785/q1-2025-activityQ1 production ~6717 bopd reading across from M&P W1 results |
hTTps://www.africaintelligence.com/southern-africa-and-islands/2025/04/16/chevron-a-long-standing-operator-in-the-congo-basin-sells-blocks-14-and-14t,110414759-eve
This is the same Block 14 that Etu Energies (former Somoil) supposedly bought 20% from Total and Inpex? Back in 2022 but the deal seems never to have been completed.
The same Etu energies that seems to be in financial trouble and is fireselling 10% of Block 3/05.
Interesting - it seems 10kbopd+ is up for grabs |
Stifel initiated with buy rating and 90p PT. |
Just making the point about rare buying opportunities.. doesn't matter if it's apples and oranges ... Covid was the last big similar opportunity in terms of significant % drops |
Covid was no business worldwide. Cannot compare to this time. The world doesn't stop because of one country. |
Without wishing to repeat a well known point but these are cost recovery agreements therefore most historic costs recovered in line with production so admittedly the profit oil will be reduced but the cost recovery not so?
Hence PSC's tend to fare slightly better in times of dropping oil prices versus concessions?
The irony being as the oil price drops so the 2p reserves increase! |
Indeed taurus but the outcome will be the same IMHO |
Big difference between Covid and Trump games. Covid saw nailed on lack of demand as everyone Shut up shop. Hence She'll at £8 etc.
The current situation is that no-one knows what is going to happen, and that is a perfect excuse for marking prices down as short sellers join real sellers.
It's a false markdown, not built on actuality as Covid was. |
Just like when the investing world fell out of it's backside when Covid lockdown hit, these are fantastic buying opportunities.
While most sell,stock up on tinned ham, and start building a bunker at the end of the garden, the shrewd increase their positions.
;o) |
Takeover coming? |
A crashing oil price and economic chaos is normally a great time to do a deal if you have cash - just not a great time to hold the shares! |
Could be a long 4 years for AET if Trump wreaks havoc for his full term! Just got to hope they can get deals done in a cheap oil environment |
Global Dry Bulk Shipping - As forecast in a late Jan 2025 post - the Baltic Dry Index and its three constituent indexes commenced a strong breakout post the lows of Trump's inauguration / the Chinese New Year shutdown:
+131% - BDI - 1,650 - late Jan 2025 low was 715.
+307% - Capesize Index - 2,893 - mid Feb 2025 low was 711
+74% - Panamax Index - 1,300 - late Jan 2025 low was 748
Some major route Capesize shipping spot rates have more than tripled to north of $22,000/day in less than a month.
Capesize charter rates could fall 75% from the 2,893 level and still be above where they were at the Chinese New Year low - when demand seasonally falls off a cliff for two weeks. |
hTTps://x.com/tr8devisions/status/1905741883604938878CFO speaks |
Good to see you back MT, top man. |
Glad to hear that MT |
ODR - thanks for your kind thoughts - recent very challenging times, that completely restricted my equity research and posting interaction with the Advfn community are encouragingly, now increasingly appearing in the rear view mirror.
After the unwarranted shareprice pullback (based largely on poor wider sector sentiment) good to see Afentra recommence grinding back towards a valuation based on its outstanding fundamentals and industry leading second phase inorganic growth potential. |
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