Jadestone Energy Share Discussion Threads

[thedudie] 21/9/2021 08:46

It is the being patient bit that is difficult .....

[mount teide] 21/9/2021 07:32

Much of equity investing is about sorting through what's signal and what's noise.

For the long-term investor in a global economy that has grown at an average of circa 2.5% a year for over 50 years, most macro 'Signals' have invariably turned out to be just short term noise!

Long Stockmarket history has shown that buying high quality equities in highly cyclical sectors at/close to multi decade low valuations, has an enviable track record....for the patient.....of delivering exceptional capital gain outperformance.

AIMHO/DYOR

[fardels bear] 20/9/2021 16:05

Somebody really wants pis to sell, don't they.

[mount teide] 20/9/2021 12:57

So much for the global fossil fuel run-off!

"Gazprom CEO Miller sees....gas consumption in Asia-Pacific as a whole growing by 1.5 trillion cubic meters per year by 2040, 60%(600 billion cubic metres) of which will be imported."


China’s Gas Consumption Growth Potential “Stunning” - Oilprice.com



'China’s natural gas consumption is growing faster than any other country in the Asia-Pacific (APAC), a Russian gas CEO said on Friday, according to TASS.

Gazprom’s CEO Alexey Miller made that statement at the 24th annual general meeting of the International Business Congress.

According to Miller, China’s energy market is the most dynamic in terms of growth. “Every year China simply stuns us with the growth rate of consumption and 2021 is no exception.”

Miller added that in the first half of this year, China’s natural gas consumption increased by more than 15% and imports increased by more than 23%. “This means that by the end of 2021, the forecast estimates of consumption in China will amount to 360 billion cubic meters and the volume of imports will be 160 cubic meters.”

Miller sees China’s natural gas imports climbing to 300 billion cubic meters per year by 2035, with gas consumption in Asia-Pacific as a whole growing by 1.5 trillion cubic meters by 2040—60% of which will be imported.

China’s state-owned PipeChina sees China’s gas consumption increasing to 526 billion cubic meters by 2030, then slowing to 650 billion cubic meters by 2035, at which point it will peak. By 2050, PipeChina sees natural gas consumption in China slacking off to 550 billion cubic meters.

Those forecasts have been adjusted downward to account for China’s promise to meet carbon neutrality by 2060; previous forecasts saw China’s natural gas consumption reaching 700 billion cubic meters by 2050.

Natural gas demand for power generation is expected to account for most of the future natural gas consumption growth.'

[thedudie] 20/9/2021 09:58

... I will but only when it gets there!

[fardels bear] 20/9/2021 09:35

Everybody sing Praise the Lord!

[croasdalelfc] 20/9/2021 09:07

The board is first class and have the addition of a first class management team Michael Horn exec Vice President, is the key transaction man (and doesn't sit on the board)Fauzi Abbas GM Malaysia who worked in marginal field development for Petronas. Plus country managers in Vietnam and Indonesia who worked for Talisman.The experience runs into a combined hundreds of years !

[zeusfurla] 20/9/2021 08:35

I would add 1 more - one of the very best management teams and CEO's for identifying capital optionality, appraisal and selecting the right capital investment and timing, negotiating and executing the best deals and patiently waiting when that is the right course of action. I could add hedging at the right time but where to stop?

[croasdalelfc] 20/9/2021 07:31

Isn't it easy to :invest in a company with:Record revenueRecord production Record FCFRecord levels of cashRecord low Opex per barrelRecord 2P reservesRecord 2C reservesNo DebtWhich gets on average a $2 premium to Brent for every barrel and increasing.Pays a dividend (which should increase 10% a year)If Maari acquisition completes they will get a cheque for $60-80m , 4kbopd plus 10m 2P reserves.They are also in the market for a transformational acquisition.For end 2021 they should reach 20kbopd which @ $73 oil would give them $45m a month revenue ($540m a year)NB share price not at a record level !! Fair value should be £1.20 end of year and £1.50 mid next year

[mount teide] 19/9/2021 09:26

Zen - good to hear you're back in JSE. The move looks well timed considering the huge surge in near term production and cash-flow growth that is currently underway, and the unprecedented regional acquisition potential as the major's increasingly layer the transition from oil to gas and renewables on top of their standard exit strategy for maturing O&G basins.

[croasdalelfc] 19/9/2021 08:17

They expect circa 4000bopd initial production from a Skua infill - that would be next on the list at Montara field. Beyond that it's probably the gas cap for Crux

[thommie] 19/9/2021 08:13

finally done. these montara wells are not that cheap at all even without mechanical issues that need to be sidetracked like this time. how long does amortisation take at current oil prices?

[killing_time] 18/9/2021 11:35

Thanks Croasdalelfc

[croasdalelfc] 18/9/2021 10:12

Valaris 107 now at Skua field : operations at H6 well complete : RNS to follow :)

[zengas] 17/9/2021 17:26

MT

Whether wisely or wrongly, i bit the bullet awhile back to sell up and increase a substantial holding at another favourite when it reached all time lows. I've always kept my eye on JSE promising myself to get back in before 80p again and have managed to do so this week. I may have missed the upside from the lows here in 2020, but the story is as good as ever and a cashed up, debt free company with a looming greater production figure might be in the perfect place for greater asset packages and a significant step change in growth.

[thedudie] 17/9/2021 14:05

JSE needs to make a decisive move away from it's current range.
Hopefully the result from H6 and the workovers is enough to do that.

[mount teide] 17/9/2021 14:03

Post by an investment friend 'Zengas' on the Savannah Energy (SAVE) thread that should be of particular interest to those holding Jadestone Energy stock too:


'Part of a larger article 8 weeks ago in the FT 6/7/21 on the energy transition which has unintended consequences so worth reading in full for greater context. My view is that this is how SAVE in part will catapult to the premier league (as mentioned in the finncap note in June) at much lesser cost that those companies before them that expended on much greater levels of debt and time/effort to reach significant production levels.

" A $140bn asset sale: the investors cashing in on Big Oil’s push to net zero

Yet despite the intense spotlight on the energy sector, there are potential buyers for these assets — from smaller private players such as Ineos, independent operators who are backed by private equity, opaque energy traders and state oil companies.
The cash crunch triggered by the pandemic is creating further pressure to offload assets. Major companies have been forced to cut dividends, dramatically reduce capital spending and raise debt. When their share prices tanked last year, they diverted attention to streamlining operations and trimming costs.
The recent spate of deals has been helped by oil prices rising to more than $75 a barrel as lockdowns and travel bans are lifted. But despite this, securing buyers is not an easy task. The pool of buyers able to fill the gap is still relatively shallow and deals are not necessarily simple to execute.

“The list of assets is way higher than the number of buyers out there and particularly for some of the bigger deals,” says Greig Aitken, director of mergers and acquisitions research at Wood Mackenzie.
Not only are the selling companies having to be more flexible about which assets they dispose of, they are also having to concede on price given that they are prioritising cash buyers who will help to pay down debt and finance their push into cleaner forms of energy.
“If others come to us and say an asset is attractive, we will look at it,” says one oil executive. “It’s fair to say — there is definitely an increasing focusing of the portfolio, so you’re going to see more assets out there for sale.”
The oil majors are being pushed to turn away from potential cash generators at a time when demand for fossil fuel products is still robust and necessary to meet global energy needs. Even the IEA has conceded the world will need oil and gas for decades to come as renewable producers play catch-up.
“These operational assets will mint money like you have no idea over the next three to five years,” says Laurent Segalen, a clean energy investment banker and managing partner at Megawatt-X, a platform which aims to enable the funding of the energy transition. “Hedge funds, private equity, companies you have never heard of, will pick these assets off.” "

[mount teide] 17/9/2021 13:49

L2: Moved to 1 v 1 / 79p v 80p (other 9 between 81p and 86p)

[bamboo2] 17/9/2021 12:56

Fireplace, thanks.

[mount teide] 17/9/2021 12:03

L2: Moved to 2 v 3 / 76p v 78p (other 9 between 79p and 85p)

then on to 2 v 1 / 78p v 79p (others between 80p and 85p)

[fireplace22] 17/9/2021 11:11

Bamboo short of a decimal place or two Div is a massive 0.43p/s

[mount teide] 17/9/2021 11:01

L2: opened 1 v 2 / 76p v 77p

Moved to 2 v 1 / 76p v 77p (other 9 between 78p and 85p)

[fardels bear] 16/9/2021 19:50

Well, I'm doing my bit by going to Spain for ten weeks on a ferry.

[bamboo2] 16/9/2021 19:33

Was double checking, so passing this on. Int Div .43p [approx]

l Ex-dividend date: 16 September 2021

l Record date: 17 September 2021

l Payment date: 1 October 2021

edit, added missing decimal point to Int Div .