Jadestone Energy Share Discussion Threads

[croasdalelfc] 23/2/2021 08:23

Lots of smaller trades and a nice increase - would be great to break resistance around 77p

[mount teide] 23/2/2021 08:09

Not often you get to front run the Master!

Should You Follow Buffett Into Energy Stocks? - Oilprice.com

For decades, Berkshire Hathaway chairman and CEO Warren Buffett maintained a pretty conservative approach to investing, favouring retail and banking stocks while avoiding sectors such as tech and energy.

However, he finally pulled the trigger on PetroChina Co in 2002 and Apple in 2011.

The Oracle's foray into energy and tech initially paid off after he realized a tidy $3.5B profit on PetroChina, while his $90 billion Apple stake now represents a ridiculous 20% of Berkshire Hathaway's market value.

However, Buffett has lately been doubling down on his energy investments while trimming his tech and banking holdings.

After a period of relative calm last year, Warren finally announced some long-awaited investments, including a $4.1 billion investment in Chevron Inc, good for a nearly 2.5% stake in the giant oil company. Chevron is now the conglomerate's 10th biggest equity holding.

Meanwhile, Buffett trimmed its holding in Apple and Wells Fargo according to Berkshire Hathaway's latest filing.

Berkshire Hathaway has always operated on Buffett's famous ethos of buying when the market is fearful and selling when it gets greedy. It, therefore, came as a huge surprise that the giant conglomerate remained muted when the market crashed in April despite sitting in a massive $137 billion cash hoard. But it appears that the energy sector has become too much of a bargain for Buffett to continue ignoring.

It's also a clear sign that Buffett sees long-term value in a sector that's been taking plenty of flak lately.

Buffett is not the only billionaire who's doubling down on energy. Occidental Petroleum, Energy Transfer, PG&E Corporation are now in David Tepper's top 12 holdings.'

[bamboo2] 22/2/2021 23:22

Brent has confirmed a new target of 71.64 on my chart.
I'll spare you the detail!

[croasdalelfc] 22/2/2021 21:25

Lots of matching trades after hours - more ii swaps . A some point this will release to the upside - feels like pressure is building

[bamboo2] 22/2/2021 20:23

Needs eod close above $64.75 to breakout

[fardels bear] 22/2/2021 20:11

Will it hold?

[mount teide] 22/2/2021 20:02

Brent bounces back to $65.15

[fardels bear] 22/2/2021 18:23

Brent on way back up,

[mount teide] 22/2/2021 17:49

L2 at close: 2 v 2 / 74p v 75p (then 2 @ 76p & 77p, 1 @ 78p, 2 x 79p 1 @ 80p)

Daily transaction volume 4.55 million.

[krall] 22/2/2021 07:33

Guidance for 2021 is due next week . Should be interesting ?

Hope so !

Notice of 2021 Guidance Conference Call

22 February 2021—Singapore: Jadestone Energy Inc. (AIM:JSE) (the "Company" or "Jadestone"), an independent oil and gas production company focused on the Asia Pacific region, will announce its 2021 guidance outlook on 26 February 2021.

The management team will host an investor and analyst conference call at 17:00 (Singapore), 09:00 (London), 04:00 Toronto the same day, Friday, 26 February 2021, including a question and answer session.

The call is accessible by dial-in and through a live audio webcast as detailed below. Please register approximately 15 minutes prior to the start of the event.

Webcast link: hxxps://produceredition.webcasts.com/starthere.jsp?ei=1435305&tp_key=1fa317d55f

[mount teide] 22/2/2021 01:04

Goldman Sachs bump its oil price forecast higher still - Brent projection up $10 a barrel to $70/bbl in Q2/2021 - Mon 22 Feb 2021

Goldman Sachs Brent crude price forecast $70 /bbl in Q2/2021, and $75 in Q3/2021

GS see lower inventories:
* Reflationary environment, oil to benefit from the stimulus-driven recovery
* Oil to benefit as a hedge against inflation
* Iran export recovery unlikely in the short term

[croasdalelfc] 19/2/2021 17:21

Guidance for 2021 is due next week . Should be interesting ?

[croasdalelfc] 19/2/2021 13:51

Lemang will be $5/$6 an mcf plus condensate at Brent minus $5 plus LRG . Around $60m revenue a year from first gas on 6000 boepd with a 6 year plateau .

[croasdalelfc] 19/2/2021 13:50

From Thomas G https://www.nrgedge.net/article/1610019145-the-largest-gas-discovery-in-indonesia-since-2001

[fardels bear] 19/2/2021 10:46

Still buying by the looks of it.. Half a million this morning unless it's late reported from yesterday.

[wanobi] 19/2/2021 07:40

JSE - PREMIER MITON GROUP PLC > 5% now,,, explains those big trades we've been seeing there, cheers Wan :-)


free stock charts from uk.advfn.com

[soggy] 19/2/2021 07:09

Miton...D'oh!

[soggy] 19/2/2021 07:08

Nice RNS confirming Premier Nitin have increased holding from 4.93 to 5.12%.Lucky them!

[fardels bear] 18/2/2021 11:56

Topped up.

[fardels bear] 18/2/2021 11:53

Fiat Panda 4x4 0.9 petrol 2 cylinder then? I live in the sticks. Mild Hybrid makes no sense for me.. My choice diminishes every year..

[thommie] 18/2/2021 11:22

just imagine you always travel with a streetscooter in your trunk :))

[spangle93] 18/2/2021 11:14

Or in my case, FB, living with no street frontage, and with no garage or driveway. Maybe I can park at a communal site and get a taxi to my house. On the other hand, the cardboard is great, and I can pick any hedgerow I like for a night's sleep ;-)

Peak oil is determined by oil price, because the definition of "reserves" is "economically producible hydrocarbons". If oil were $200/bbl, the peak would be shoved to the right.

Where there seems to be a decoupling in the industry is between gas (= "good") and oil (apparently = "bad"), and it's interesting to see how different companies are positioning themselves. So where in 5217 you ask whether "a distressed NOC or supermajor is likely to pay over the odds for the company to make up its shortfall in reserves", the answer would be not all of them, given JSE is on current assets mostly an oil producer

[fardels bear] 18/2/2021 11:02

I'm no peak oilers, MT. I know the rest of the world is laughing all the way to their banks over our prostration in the face of a sour-faced Swedish teenage brat astride her $2m catamaran..I've seen the whole population of the UAE driving around in their 5.7 litre Toyota, Nissan and Lexi.. Where some of the models are the same as we can buy ours are powered by the same rubber bands we installed in our balsa wood aeroplanes in our youth..I'm imagining tge blocks of flats, each with a charging cabled topping the 15 floors to the street below where the residents' evs are parked. What fun!