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Share Name Share Symbol Market Type Share ISIN Share Description
Jadestone Energy Plc LSE:JSE London Ordinary Share GB00BLR71299 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.70 -2.5% 66.30 65.60 67.00 68.00 66.30 67.50 574,669 10:44:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 159.4 -41.9 -9.5 - 308

Jadestone Energy Share Discussion Threads

Showing 11801 to 11821 of 11825 messages
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DateSubjectAuthorDiscuss
08/12/2022
09:17
Apart from GS and gang who are predicting 100 plus oil ...But selling at the same time.
amaretto1
08/12/2022
09:16
Oil stocks all preparing for 50 /60 2023 OP estimate.
amaretto1
08/12/2022
09:14
U got Container utility data ? Drop in containers.... drop in useage of oil to produce goods ...Global slow down. Oil useage figures ? Just a side note ... with your constant ramping of oil tanker fleet utilisation.
amaretto1
08/12/2022
06:47
You are listening to the media too much ....Europe is still getting Russian oil and gas ...
amaretto1
07/12/2022
17:01
There's a lot of discussion and obsession even around the spot price of crude, in particular the quoted Brent benchmark. But spot prices are not the whole story as this article from Energy Intelligence (link below) explains.

1. Refiners need meaningful price signals to quickly assess the value of a crude. Those signals come from the oil spot market where around 40 million barrels move around the world every day. To distil price clarity from the large variety of oils on offer and the large group of players, the market created benchmarks.

2. Benchmarks are critical in defining the spot value of crude, help determine the price for crude oil sold under term contracts, are the basis for hedging and risk management and attract lots of managed money to oil markets.

3. Over time, Brent in the North Sea evolved as the global benchmark — the oil price for all to see. Brent is “the price of oil.” It is the Brent price that allows other grades in various regions to determine their own value quickly, based on price relationships that different grades have established over time. In North America, West Texas Intermediate (WTI) is a benchmark. In the Middle East, Dubai and Oman are benchmarks. They all essentially trade at a differential to Brent.

4. The oil market is relatively young and still evolving; its spot pricing mechanism is even younger. The spot market for oil, which is at the basis of all price discovery, has only developed since the early 1980s. Supporting the development of the spot market was the rise of benchmark grades. As they provided the quick reference price level for similar crude oils, benchmarks helped a rise in market liquidity.

5. The spot market, which captures 40% of internationally traded crude oil, is essentially trading oil cargoes for immediate delivery. That way, the spot market allocates scarce or abundant supplies in an economically efficient manner. A key characteristic of the spot market is that it is pricing the marginal barrel of oil available. The last trade sets the price of oil. That way, the market reflects demand and supply.

6. The benchmark status of Brent and WTI is supported by their highly liquid electronic futures exchanges. Brent advanced as the global benchmark from 2010 after WTI price dislocations, due mainly to pipeline constraints.

7. It is the relationship between the physical and paper markets where price discovery takes place. In the interaction between the ICE Brent Futures contracts and the physical market in the North Sea, the world settles on “the price of oil.” In the end, oil prices are the result of supply and demand. To get there, all the players in the market have their say: producers, consumers, refiners, physical traders, banks, funds, and other types of investors that see oil as a tool to express their market expectations. Because of its strategic importance, crude oil has always had political overtones beyond its economic value.

It is the value of the refined products that ultimately determines the value of the crude oil that makes them. If a crude oil is good at making gasoline, and gasoline has a strong value that will make this crude oil attractive to buy and refine.

The basic concept is straightforward, but the actual process to assess the value of crude oil involves an intricate maze of steps and decisions. The consumer sends signals to refineries about what products are needed. A refinery then shops around and buys, at the best available price, the crude oil that can make the product. Sometimes that crude oil is at the other side of the world.

Refiners need meaningful price signals to quickly assess the value of a crude. Those signals come from the oil spot market where around 40 million barrels move around every day. To distil price clarity from the large variety of oils on offer and the large group of players, the market created benchmarks. They represent a reference level for crudes of roughly the same quality in the same location.

Over time, Brent in the North Sea evolved as the global benchmark - the oil price for all to see. Brent is “the price of oil.” It is the Brent price that allows other grades in various regions to determine their own value quickly, based on price relationships that different grades have established over time. In North America, West Texas Intermediate (WTI) is a benchmark and it still has a wide appeal beyond its region for the liquid futures contract market. In the Middle East, Dubai and Oman are benchmarks. They all essentially trade at a differential to Brent.

Https://www.theice.com/why-the-world-needs-benchmarks-and-characteristics-of-benchmarks

jacks13
07/12/2022
16:31
Jeff: whilst psychologically I like to see oil over $100 in reality it will be easier for Jadestone to do cheap acquisitions at $80 oil - especially with all the recession bed-wetting going on.I only wished I had some dry powder available so I could invest more here and in my other O&G stocks which have been taking a beating recently.
the_gold_mine
07/12/2022
15:41
They can easily return those 100 mio even with 13k production...as long as they don't do a extremely cheap acquisition the best they can do is buy shares back as fast as possible,.. I would sign for A 5 year 70-80 oil price with 10% a year buyback... would mean 5 to10 x shareprice... that's what the market doesn't get, we don't need $100 oil
jeff114
07/12/2022
15:12
So Jeff, on that basis, you'd expect JSE to carry out the proposed $100m return to shareholders. I don't.
pughman
07/12/2022
14:54
Even an end of the war won't make Europe buying back from Russia again... in the recent past only one attack on an oil installation or oil producing country would require a risk premium. Here we have the second largest oil producer at war and sanctioned and no effect on oil price ... it will in a couple of weeks or months... and even at current prices Jadestone is printing cash
jeff114
07/12/2022
14:19
So much for LNG being the cheap 'Green' future of ship propulsion!

Looks like its 2.5 to 4.5 fold higher cost than fuel oil in 2022 is taking its toll with just 8 new LNG powered ships ordered this month, and all of them were 'duel fuel', enabling a switch to fuel oil should the LNG cost becomes too prohibitive......which is likely to be most, if not all of the time over its 20-25 years commercial life!


$375/tonne - HSFO (peaked at $780/tonne in May )

$650/tonne - VLSFO (peaked at $1,149/tonne in June)

$1,595/tonne - LNG (peaked at $3,600/tonne in Aug)


The respective energy contents are assumed to be 40 MJ/kg for HSFO, 43 MJ/kg for VLSFO, and 45 MJ/kg for LNG

mount teide
07/12/2022
13:49
iT's about time we had a update nearly 4 months down.
fanshaw
07/12/2022
11:57
i won't add in a global recession and less need for oil !
amaretto1
07/12/2022
11:56
And if Russia ceasefire or with draw .... Oil price ??Oil price will be a tool to reduce inflasion and combat interest rate rises .....Oil stocks ? All ready in retreat for this occasion. Oil price target 2023 remains 50 - 60
amaretto1
06/12/2022
18:10
Back to the drawing board for Santos and NOPSEMA after Australia's Federal Court rejected on Friday an appeal by Santos, to resume drilling on its $3.6 billion Barossa gas project off northern Australia.

Suggesting investment risk securing the approvals and consents to develop new O&G offshore projects in Australia(and elsewhere across the West) continues to get ever more demanding, time consuming and costly.


Australia court rejects Santos bid to resume Barossa gas drilling - Dec 2022

Australia's Federal Court rejected on Friday an appeal by Santos Ltd STO.AX to resume drilling on its $3.6 billion Barossa gas project off northern Australia, dealing another setback to the company's biggest project.

Justice Debra Mortimer said the court ordered that the appeal be dismissed, following an expedited two-day hearing in November stemming from a challenge against the drilling approval brought by some traditional owners from the Tiwi Islands.

Santos had to suspend drilling on the project in the Timor Sea in September after a judge found that the environmental approval for its permit was invalid on the grounds the company had not properly consulted with some traditional owners about the project.

The court backed a challenge led by Tiwi Islander Dennis Tipakalippa, overturning approval by the National Offshore Petroleum Safety and Environmental Management Authority (NOPSEMA) for drilling on the Barossa project.'

NOPSEMA said its considering the implications of the federal court appeal decision in Santos NA Barossa Pty Ltd v Tipakalippa [2022] and how we can best advise industry with guidance on the relevant person consultation requirements in the Environment Regulations.

We are aware that the decision has implications for all environment plans either yet to be submitted, or under assessment, and Minister King has requested NOPSEMA provide clarification to industry on the requirements as outlined in the judgement. We will be engaging directly with industry and other stakeholders in the short term to provide interim guidance while formal guidance is being developed.

mount teide
06/12/2022
11:04
at least we know that nopsema expect regular updates...

htTps://www.nopsema.gov.au/sites/default/files/documents/A867557.pdf

To submit a written report by close of business every Wednesday to NOPSEMA describing the progress of the Project, until the Project is complete.

all notices...

hTTps://www.nopsema.gov.au/offshore-industry/directions-notices-and-alerts/published-directions-and-notices

sea7
05/12/2022
09:31
Maersk Tacoma set off from Stag ~27/28 th Nov - now in Singapore .Probably $104-$110/b for 190k barrels ~$20/21m
croasdalelfc
05/12/2022
09:28
Imho all this uncertainty creates great opportunities for another holding of mine Kistos. Large companies could use the tax as an excuse to leave the UK entirely
jeff114
05/12/2022
08:33
O/T - Clarkson's Product Tanker Charter Rate Data for early December is easier on the eye than a bikini clad Supermodel on the Catwalk.

Product tanker earnings this week were 50-100% higher than the 2022 average, on all routes, all vessel classes. And between 800% and 1000% higher than the 2021 Average.

Clarkson's - Product Tanker Charter Rates:
https://pbs.twimg.com/media/FjHqEQKXgAA8aNL?format=jpg&name=medium

When STNG issued Q3 on Nov 1, they had 42% of their MR spot at $43K and 55% of LR2 at $58K. Their current bookings will be way higher, suggesting CEO Bugbee's huge Option trade last week was supported by very strong charter rate data.


'If you think today's implementation of the Russian crude price cap is messy, the 5 February petroleum products is going to be MUCH more confusing. The EU will have to design a cap for all the different products... good luck with that. Importers will panic; rates will 🚀' E Finley-Richardson - Shipping Sector Investor/Analyst

mount teide
04/12/2022
18:38
French operator Total becomes first major player to cut back North Sea spending plans.

'Jean-Luc Guiziou, Total's UK country chairman, said the windfall tax punishes short-cycle investments such as these additional “infill” wells, which are a vital tool to sustain production at existing fields.'

Hunt’s plan to hobble the UK economy by making it high tax, low growth and totally uncompetitive it clearly starting to bear fruit.

Once the Corbyn Clone Sir Kneeler the Backroom EU Dealer gets in - we’ll be back either back in or closely aligned to the Single Market quicker than you can say ‘democracyR17; or '2016 EU Referendum'.

The clueless, ultra low growth, left of centre stakeholder capitalism that now permeates most large businesses, most politicians and the public sector is intent on destroying UK economy.

How does the Treasury factor in the cost of lost future oil revenues, damage to balance of payments, loss of O&G investment into UK economy and consequential depleting of UK off shore engineering capabilities.

The Treasury is creating a doom loop of its own, where they tax more, which degrades the tax base, so their clueless answer is to raise more tax. Truss had the right idea, she just went too far, too fast, and was massively let down by Bank of England incompetence. Like the UK Treasury, PM Hunt hasn’t got a conservative or capitalist bone in his body.


Total pulls investment from North Sea in response to Sunak’s windfall tax - Telegraph 1st December

'French oil giant TotalEnergies has become the first major North Sea operator to cut investment as a direct result of Rishi Sunak's windfall tax.

The €157bn (£134bn) company is to reduce planned spending on new wells by a quarter next year as the levy forces drilling businesses to reexamine their plans.

Its decision will be regarded as a blow for the Prime Minister, who said earlier this year that it was “vital we encourage continued investment by the oil and gas industry in the North Sea” to help protect energy security from competing foreign powers.

Total is understood to be pulling planned investment worth about £100m - 25pc of previously planned spending - with proposals now axed to drill an additional well at its Elgin gas field about 200 kilometres east of Aberdeen.

The Paris-based business is the North Sea’s second largest operator, with fields sprawled from its centre up to the Shetland Isles.

One industry source said this evening that while the Elgin well project in itself was relatively small, the decision by Total was a “big deal… and something the government should be very worried about”.

Jean-Luc Guiziou, Total's UK country chairman, said the windfall tax punishes short-cycle investments such as these additional “infill” wells, which are a vital tool to sustain production at existing fields.

He said: “A competitive and stable fiscal and regulatory regime is vital to investment in critical energy and infrastructure projects that will support the UK’s security of supply and net zero ambitions."

The windfall tax was first introduced in May when Mr Sunak was chancellor, and was increased at the Autumn Statement in November after he became the Prime Minister.

North Sea oil and gas profits are being taxed at 75pc until 2028, up from the normal level of 40pc, as ministers attempt to claw back what companies make from higher wholesale prices so they can fund help for households.

The FTSE 100-listed business Shell last week said it was reviewing plans to invest £25bn into Britain’s energy system, ranging from renewables to oil and gas projects. David Bunch, Shell’s UK chairman, said the tax “brings a strong headwind".

Known as the energy profits levy, it includes generous investment allowances but the extent to which those will lessen companies’ liabilities depends on what stage a project is at and how long it will take to produce.

Equinor, the Norwegian oil giant, is due to take a decision in February on whether to go ahead with its £8bn Rosebank project, which it says could account for 8pc of the UK’s oil production between 2026 and 2030.

An Equinor spokesman said: “The Autumn Statement did not help investor confidence and we are evaluating the impact of the energy profits levy on our projects.”

He added: “We are still working hard towards the final investment decision for Rosebank in Q1 next year.”

While efforts to move away from fossil fuels are gathering pace, oil and gas supplied about 75pc of the UK’s total energy in 2021, including about 40pc of electricity generation. In 2021, the North Sea supplied about 42pc of the UK’s gas with the rest coming from imports.

There are concerns that reliance on imports will rise if investment in the North Sea falls, making the UK more vulnerable to international supply shocks such as that triggered this year by Russia’s war on Ukraine.

Offshore Energies UK, the trade group, has said 2,100 wells are to be decommissioned by 2032. Deirdre Michie, chief executive, urged the Government to help rebuild investor confidence.

Total and others have asked for a review of the levy if wholesale prices fall before its current end date in 2028.

Mr Guiziou said: “The energy industry operates in a cyclical market and is subject to volatile commodity prices."

A Treasury spokesman said: “The energy profits levy strikes a balance between funding cost of living support while encouraging investment in order to bolster the UK’s energy security.

“We have been clear that we want to encourage reinvestment of the sector’s profits to support the economy, jobs, and our energy security, which is why the more investment a firm makes into the UK, the less tax they will pay.” '

mount teide
04/12/2022
10:44
Some great new analysis on the Oil Market by G&R explaining why energy companies won't drill - its called LOW VALUATIONS!

Goehring & Rozencwajg - Q3 Natural Resource Market Commentary

hTtps://4043042.fs1.hubspotusercontent-na1.net/hubfs/4043042/Content%20Offers/2022.Q3%20Commentary/2022.Q3%20GR%20Market%20Commentary.pdf

'Despite the rally, energy stocks trade at near-record low valuations. As recently as September, E&P companies traded for 5.6x earnings and 3.4x EBITDA – the weakest readings in over a decade.

On average, the stocks have traded for a median value of 22x earnings and 9x EBITDA over the past ten years. Currently, the sector trades for 7x earnings and 4x EBITDA – 68% and 55% below the long-term average, respectively, and only slightly above the September lows.'

You want MORE value? Have a look at the Product Tanker Shipping industry which is currently trading at circa 4.5 times 2022 earnings and around 2.5 times forecast 2023 earnings.

mount teide
03/12/2022
08:01
Hear Hear regarding Japan MT,was astounded when I visited Tokyo in late Eighties regarding the cleanliness,self discipline and order of the people and place , hugely impressive.
e43
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