Amerisur Resources Share Discussion Threads

[kaos3] 11/1/2018 11:28

why is the graph pointing bellow 21 p as there was not a single trade bellow 21p according to my data. TIA

[lauders] 11/1/2018 11:12

If you really believe then still time to add here. Should be thankful ;-) In order to add I would need to sell something else like I had to yesterday. Trying not to do that unless a better opportunity (drops more) presents itself. May happen with AMER!

[juuunx2] 11/1/2018 11:10

Bigtime7 yes I agree and it's so frustrating aaaah. Our time coming though

[big7ime] 11/1/2018 11:07

Once again, poo rising. Stocks like ENQ and PMO with huge debt rising nicely
AMER still in the doldrums
Re-balancing overdue..

[big7ime] 11/1/2018 08:44

It's easy to look up mkt cap so 4.5? Try 2.5

[return_of_the_apeman] 11/1/2018 08:04

Lauders, my calcs show worst case $80mill and best $120mill profit for 2018. At 100mill that gives a forward pe of 4.5. I bet the mcap is lower now so the forward pe would be less

[eddie_yates] 11/1/2018 07:29

Is drilling on temporary hold for the time being?
I can find no info to the contrary since Plat 27 update

[lauders] 11/1/2018 01:54

Also spotted this as wasn't really researching or interested in AMER back in April 2017:

New purchases

I have replaced the five sales with the following recent purchases:

Amerisur Resources (AMER) – oil exploration and production in Colombia and Paraguay. I’ve held and sold this stock before but have just bought back since it looks ludicrously cheap. Now producing 5,000 barrels of oil per day, 7,000 by year end and 20,000 by 2019, with an operating cost reducing to $15 per barrel and sitting on $40 million cash. Revenue for 2018 forecast at $136 million for $50 million pre-tax profit and P/E (price-to-earnings ratio) of 9.



Seems that the price is currently around the same level as when that was written and a lot of news (positive) has been released since. Therefore, must be even more "ludicrously cheap" now? Malcy and David Kempton should get together and bang heads! ;-)

[lauders] 11/1/2018 00:49

Bought a few more at the close yesterday in the hope that this positive trend will continue. News must be due soon and if it is good a rerating may be on its way. Fingers crossed.

PS. Missed this opinion:

The world’s most exciting oil plays

In short, Latin America’s oil fields are open for business. That matters, because it’s the world’s most exciting region for new oil plays. Geologists believe that Mexico has more than 100 billion barrels up for grabs onshore and offshore. Brazil’s offshore pre-salt is home to an estimated 50 billion barrels, which can be extracted – according to Royal Dutch Shell – at just $40 a barrel. Meanwhile, there are many mature onshore fields that have been abandoned by the national oil companies, but that can be profitably reworked by smaller firms with newer technology. Last but not least, the region is also home to the world’s best unconventional oil and gas resources outside of the US. We run our eye over some of the most promising investment options in the box below.

+ This part:

As for UK-listed companies – oil majors BP and Shell have plenty of assets in Latin America, but they are also present in every other corner of the globe, so they are hardly pure plays. There are some smaller British firms with direct Latin American oil exposure, but they tend to focus on just one or two countries. If you are interested in Argentina, then take a closer look at Phoenix Global Resources (Aim: PGR). Amerisur (Aim: AMER) has carved out a lot of success in Colombia and has exciting development projects in Paraguay. President Energy (Aim: PPC) has production assets in Argentina and development projects in Paraguay. Premier Oil (Aim: PMO) isn’t a pure play as it has assets around the world, but it recently made a huge discovery in Mexico that could transform the company. Likewise Chariot Oil and Gas (Aim: CHAR) isn’t just focused on Latin America, but success in its Brazilian assets would be a gamechanger.

[ranty] 10/1/2018 18:57

Newbie here so excuse if we sound stupid.
Is it reasonable to assume that NG is close to the bottom now?

Sorry...........please ignore. On wrong thread. Mea culpa

[bigwavedave] 10/1/2018 17:18

In the absence of our dear friend Valentine, I will say: It's Thursday tomorrow!

[juuunx2] 10/1/2018 17:05

What will tomorrow bring? Any thoughts?

[malcontent] 10/1/2018 16:52

not quite there, but chart is looking a whole lot happier

[moneylender] 10/1/2018 16:02

Its all looking very positive now.


free stock charts from uk.advfn.com

[bountyhunter] 10/1/2018 15:56

#6182
a little way to go still for that although heading in the right direction; also both must be moving up when the 50 crosses the 200; does look promising though I agree

[juuunx2] 10/1/2018 15:54

Yes dreaming but you never know. look at projected figures at current oil price and there ain't many debt free oil producers making that sort of profit

[return_of_the_apeman] 10/1/2018 15:51

For you charty types, this will close above the 200ma today and due to the recent rise over the last 30 days the 50ma will now turn up sharply over the next week or so of trading sessions as it catches up. As it does so, it will cross the 200ma which I believe will be a golden cross regarded by many as extremely bullish. Dyor

[yellowdog] 10/1/2018 15:34

or 25p!!!!!

[bryet] 10/1/2018 15:21

£1 by Xmas £2 this year dream on would be nice to hit 50p though.

[boris cobaka] 10/1/2018 14:57

Charlie

the SOL is as I understand it the stock available or lent out for a possible 'short sale'
I don't believe it translates into a confirmed short position.

[juuunx2] 10/1/2018 14:32

I said that last year so I will say £2 this year

[adam] 10/1/2018 14:30

£1+ by Xmas.

[charlieeee] 10/1/2018 14:03

Sorry Bigtime.

SOL is stock on loan: stock lent (usually by the institutions) to shorters, to sell down.

In due course, it has to be bought back, contributing to reversing the downward trend that it created.