Jadestone Energy Share Discussion Threads

[croasdalelfc] 24/2/2021 12:51

I would hope we get a roadmap to 18k production by end 2021 and 25k by end 2022. For $150m capex this year and $100m next. 20kbopd would give close to $350m a year operating cash flow at current Brent and .25kboepd (20% gas) would give over $400m operating cash flow

[mount teide] 23/2/2021 23:15

Marine Fuel Oil prices continue to strengthen ahead of the rate of increase of Global crude oil benchmark pricing:

Change compared to pricing on 9th December 2020 in brackets - (all prices rounded to nearest whole number)

$95 / (+20) - MGO - APAC Average
$82 / (+21) - VLSFO - APAC Average
$77 / (+21) - Jadestone / STAG - (est $11 / 18% Premium to Brent)
$70 / (+19) - Jadestone / Montara - ($4.0 / 8% Premium to Brent)
$68 / (+19) - Maari ($2.0 / 3% Premium to Brent)
$66 / (+18) - Brent
$62 / (+16) - WTI
$62 / (+16) - HSFO - APAC Average


$24/bbl - Est Stag OPEX
$18/bbl - Est Montara OPEX
$16.5/bbl - Maari OPEX

$5 - VLSFO/STAG Spread
$16 - VLSFO/Brent Spread
$20 - VLSFO/HSFO Spread

Jadestone should currently be generating circa $53/bbl of cash flow on the Stag production, $52/bbl on the unhedged Montara Production and $51.5/bbl on the Maari production, inclusive of the IMO 2020 Premium.

Equivalent to over $226 million per annum of cash flow on an annualised basis inclusive of the Q1/2021 oil price hedge and, circa $295 million inclusive of Maari production; based on an average of the current production for the year, which is likely to be conservative considering the in-fill drilling, well optimisation and pump replacement programme scheduled for 2021.

AIMHO/DYOR

[thommie] 23/2/2021 19:51

can someone explaining the block listing rns please?

[kaos3] 23/2/2021 11:40

superb chart

[tens machine] 23/2/2021 11:27

It could be far far worse with no chance of recovery however this is a different beast with prospects of multiples of 95p along with the opportunity of some income along the way...Safest of safe bets here

[fardels bear] 23/2/2021 10:16

And in the long term, we'll all be millionaires, eh, Rodney?

[thedudie] 23/2/2021 09:48

I hope your 95p is taken out soon!

Depends a lot (in the short term) on their plans/outlook to be announced Friday.
In the medium term there are so many moving parts here Nam Du /U Minh / Maari / Lemang / Inorganic growth...etc etc etc

[thommie] 23/2/2021 09:37

my first purchase for 5000 shares at end of 2019 was 95p. so lets see how long it will take till I breakeven on that :) I guess this point isnt too far away anymore.

[bamboo2] 23/2/2021 09:21

Eod close above 77.4 confirms a target price at min 100.6
Historical resistance 94.2

[mount teide] 23/2/2021 09:15

L2: 3 v 4 / 77p v 79p (then 1 x 80p, 1 x 81p, 3 x 82p and 1 x 83p)

[donald pond] 23/2/2021 08:43

https://twitter.com/donaldpond6/status/1364126900831027202?s=21I added earlier

[mount teide] 23/2/2021 08:35

L2: 3 v 2 / 77p v 78p (then 3 x 79p, 1 x 80p, 3 x 82p and 1 x 83p)

Opened 2 v 2 / 74p v 75p

[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 ?