Jadestone Energy Share Discussion Threads

[otemple3] 12/6/2021 09:54

Continue to DYOR and you can decide for yourself Ross. I bought in here because of his pedigree and I have not seen anything in all my time holding to question that.

[mount teide] 11/6/2021 13:00

SP93 - I3E - true but after falling 98% peak to trough since 2018 - I3E perhaps had more potential for a modest rise, than TXP which surged by more than 1,400% trough to peak.

Selecting JSE's 2yr 9 month timeframe since the London listing, provides a good 'feel' as to how the wider O&G market has managed the Covid-19 global crisis by comparison, and in particular, the unprecedented collapse in oil demand together with the waterfall drop in price it triggered.

AIMHO/DYOR

[llef] 11/6/2021 10:52

Mount Teide, thanks for the informative reply. I am very tempted to add some more to my holdings at these levels!

[kaos3] 11/6/2021 10:51

energy had a good run all around. some shares that I own started to show weakness. probably a few weeks of mini correction/consolidation coming.

for us that have only few pounds invested and are hence making no impact there is an opp to make use of it....

all imho

and agree - good purchase and sitting on it is best - if one can afford

[mount teide] 11/6/2021 10:32

Farmscam - thanks, that was a typo - it should have read circa 53% not 23% - have amended the list accordingly.

llef: While still very welcome(since the effective cost is ZERO plus a cheque), the Maari asset acquisition will relative to Montara, have only a modest impact on the company's overall production performance and operating cash flow generation over the next 3-5 years.

Montara will remain the huge cash flow generator that will drive the company's development - each new Montara infill well is expected to generate a production increase nearly equivalent to the current Maari production attributable to Jadestone at an operating cost some $10/bbl cheaper.

If we could have either Maari or the Malaysian assets - i'd go for the Malaysian assets every time. They have more production development potential, lower OPEX, much more benign operating conditions, more and higher quality regional acquisition prospects, and are located much closer to the largest, highest priced, fastest growing and most important global sales market etc.

[fanshaw] 11/6/2021 10:30

My feeling about JSE is that the failure to bring the Maari purchase over the line
has cast a shadow over the share price and Management ability looking slightly tarnished .
What we have seen is a number of bolt on acquisition that will take some time to bed
down but not produce the significant amounts that we thought might possible at this
stage of development of the company.

I think long term this will a excellent investment but it could be a bit of a slog
and not at the pace many of us thought it would be unless a significant acquisition
is found.

[farmscan] 11/6/2021 09:31

Mount Teide is that correct for Serica? I have it at 86.6p on 28/9/18.

[llef] 11/6/2021 08:51

Mount Teide, do you think that Jadestone is good value even if the Maari purchase fails to complete? (And how much do you think that Maari is worth to the Jadestone SP?)

cheeers

[spangle93] 11/6/2021 08:47

Exactly - you could run that from Christmas 2020, and find that i3E is up over 50% and TXP, er isn't ;-)

[mount teide] 11/6/2021 08:02

Share-price performance since Jadestone Energy listed in London on 28th September 2018 - a period during which Brent has averaged a circa $33/bbl (39%) fall in price:

+447% - Touchstone Energy
+100% - Jadestone Energy
+53% - Serica Energy
+21% - Petrotal
-29% - Savannah Energy
-30% - Exxon
-39% - Cairn Energy
-39% - Brent
-46% - Enquest
-47% - Shell
-48% - BP
-59% - US Oil Fund ETF(USO)
-78% - Tullow Energy
-86% - Premier Oil
-90% - I3 Energy

Brent
$84.94 - End Sept 2018
$72.50 - June 2021
$51.75 - Average since Sept 2018

As Einstein famously taught us "Everything is Relative according to one's reference frame!"

By any objective analysis the share price performance of Jadestone Energy relative to the wider O&G market and Brent, has been outstanding since its September 2018 London listing - with the company now positioned extremely well to continue that outperformance in H2/2021 and beyond.

[mount teide] 11/6/2021 07:10

Dividend Declaration

1.08 US cents/share (or equivalent to 0.77 GB pence/share based on the current spot exchange rate of 0.7087)

Ex-dividend date: 17 June 2021

Record date: 18 June 2021

Expected payment date: 30 June 2021

[rik shaw] 11/6/2021 07:05

Details of dividend

[bamboo2] 09/6/2021 19:32

ross, Up or down? It's a good question!

I am anticipating a low or valley turn leading to a buying op.

[bluerunner] 09/6/2021 17:56

Yes it is a frustrating stock - but resilient and now paying a dividend.

A strategy I am increasingly using is to hold part in an ISA and part in a SIPP.

You may have the same fear that I have - once you sell out entirely, the stock will rocket.

(Sorry for previous o/t post).

[fozzie] 09/6/2021 16:39

Yes you are right of course Croas. I hold PTAL and have added a few over the last few days. I seem to have a lot of shares that are struggling to make any headway at the moment, whole markets a bit meh!

[croasdalelfc] 09/6/2021 16:36

It is frustrating - but they always said it would be H2 loaded - we are 3 weeks from that - definitely worth waiting for. Management is so important in all these cash cow shares . SAVE PTAL and imo the best of the lot JSE. Look how they sailed serenely through the chaos of Covid markets. Now they should reap the rewards - the same applies to SAVE.PTAL were caught with a weak balance sheet and social unrest (no income from shut in wells)

[fozzie] 09/6/2021 16:26

I have been here a fair while now, just get frustrated that we have basically flatlined for so long. I'm in SAVE so that looks like providing some excitement.

[croasdalelfc] 09/6/2021 16:20

With a decent acquisition of 10kbopd , 40k bopd in 2022 is easily possible too. At that point annual revenue would be $1B plus at $70 oil justifying a rerate closer £2 a share

[croasdalelfc] 09/6/2021 16:16

Catalysts:June - spud H6 wellAugust - bring H6 online +3000 bopdSep/Oct - workovers Skua 10,11 +1500 bopdSep/Oct (imo) complete PM acquisition +6000 bopdDec complete Maari acquisition +4000 bopdPlus another larger acquisition could drop at anytime - think Savannah Energy Enter Jan 2022 23000 bopd minimumCash $150mNo debtBrent $70+ plus premium With work programs for Lemang,Maari,PM and NamDu plus Montara/Stag the potential to hit 30kbopd organically is realIf you've waited

[thedudie] 09/6/2021 14:54

I have to constantly fight against that urge. Slow and steady has always worked best for me but each to their own and I was certainly a more restless investor once!

PB has made clear that they are expanding the business. They have teased that there are much bigger opportunities out there and I would think they are constantly fighting hard to get more good quality low priced assets. Payback times at the moment are particularly short if assets were priced at 2020 oil prices.

These things do take a long time though.

[fozzie] 09/6/2021 14:11

I am becoming very tempted to jump ship here and place funds somewhere with a chance of growing. 20 months of a flat share price and no obvious re rate upcoming.