Jadestone Energy Share Discussion Threads

[donald pond] 06/10/2021 16:00

I see Hedgeye, who are smart cookies, are advertising their services right now with an "oil to $200?" strap line

[fardels bear] 06/10/2021 11:04

No, I bought this morning but I could have waited a bit longer. Was only a div reinvestment seven hundred quid but you make your money when you buy at the right price..

[thommie] 06/10/2021 10:47

lol fardel, I hope you didnt top up yesterday? :)Crash anxiety around every where again. 2 days down, than up again as usually I hope :)

[croasdalelfc] 06/10/2021 08:49

There looks to be a tanker at Montara Venture FPSO - would be great to get offtake at $83 Brent - the previous one was late July by Seasenator

[e43] 05/10/2021 18:09

I'm now with ii ,the isa dividend went into the acc on 1st Oct ,the sipp div went into the dollar acc as div declared in $.
Only found out by calling ii as didn't know I had $ acc as recently transferred fr Equinti.

[fardels bear] 05/10/2021 14:23

Div arrived. 93p not so good as 86p was on Friday.

[mount teide] 05/10/2021 13:05

Despite mostly severe sector headwinds since the Sept 2018 London IPO, JSE has achieved a highly respectable 38% CAGR.

To continue this excellent capital growth performance the share price will need to hit 127p by Sept 22 and 175p by Sept 23. Considering the outstanding fundamentals, assuming oil averages circa $75/bbl, both look very realistic, bordering on modest targets.

[tens machine] 05/10/2021 12:51

Jse is the most solid performer in my portfolio, limited downside here and I have a 120p by the end of the year.If I can get SAVE out of suspension soon , I might get that place on the Italian lakes in the next 18months ;-)

[bamboo2] 05/10/2021 12:35

Re chart, A plethora of positive patterns...

Bull flag currently confirming, with tp slightly reduced, from 100.2 to 98.4
Ascending triangle, confirmed tp 119

Historical resistance at 94

Eod close above 94 confirms a further pattern with target near 127

[mount teide] 05/10/2021 11:47

The Baltic Dry Index (cost of shipping dry bulk commodities) continues to surge, and is now up an incredible 1,294% (from 1,177% last week) from its pandemic May 2020 low - it's the principle driving force behind the very strong demand for marine fuel oil and, in particular the Australian low sulphur heavy sweet crudes that meet the IMO 2020 Shipping Fuel Oil Rules without the need to go through a hi-tech refinery.

At today's $82/bbl Brent price, Jadestone's Stag production should be realising circa $92/bbl inclusive of the most recent IMO 2020 price premium to Brent.

Marine Fuel Oil and Major Oil Benchmark pricing - Change compared to pricing on 9th December 2020 in brackets - (all prices rounded to nearest whole number)

$113 / (+34) - Marine Gas Oil - APAC Average
$94 / (+30) - VLSFO - APAC Average
$92 / (+34) - Jadestone / STAG - $10.15/bbl latest premium to Brent)
$83 / (+32) - Jadestone / Montara - $1.5/bbl latest premium to Brent
$83 / (+32) - Jadestone / Peninsula Malaysia - est $1.5/bbl premium to Brent
$83 / (+31) - Maari - est $1.5/bbl premium to Brent
$82 / (+33) - Brent
$78 / (+30) - WTI
$76 / (+32) - High Sulphur Fuel Oil - APAC Average

At today's Brent price, 2021 guidance OPEX and latest IMO 2020 premiums to Brent, Jadestone should be realising circa $62/bbl operating cash flow for its Stag and Montara production, and circa $65/bbl for its Peninsula Malaysian production.

With estimated current total production of circa 19,500 bopd(13,000 bopd /Montara and Stag - 6,500 boepd / PM), Jadestone should be realising circa $450m/yr of gross operating cash flow per year, with the potential to increase to $506m/yr by December on competion of the Skua and Swift workovers, and up to $584m/year on completion of the Maari acquisition.

Current market cap: $564m.


Estimated Annual Revenue at $82/Brent:
$600m - Current
$675m - Plus Skua and Swift Work-overs
$780m - On Maari Completion (plus a $50m- $75m cheque)

AIMHO/DYOR

[thommie] 05/10/2021 11:44

fardel they wanna impede that you buy more Jse shares with your divi! your holding has to be quite substantial now as you seem to have bought throughout the whole year! my little divi of the 40 000 shares I own doesnt help much to move the price up... Mt probably doesnt know where to reinvest its quite large divi as so many of his holdings are currently going through the roof. not to mention the recent panr move!as already 10k buys seem to be able to move the price I dont wanna think what could happen if some II's decide to top up...

[donald pond] 05/10/2021 11:43

I added yesterday too, wish I had more but don't we all! The market seems very much asleep on the job here.

[e43] 05/10/2021 11:40

Well done DP ,I bought everything available yday PM, my largest holding now

[fardels bear] 05/10/2021 11:34

I've sent them a brusquely worded message asking where is got to.

[donald pond] 05/10/2021 11:27

1v2 now 91v92 with JBER leading the bid by 2p
No sells at all but volume not yet that big

[mount teide] 05/10/2021 11:25

2 x 10k Buys took the MM's on 90p and 91p out

L2: then moved to 1 v 2 / 91p v 92p (rest on 93p to 95p)

[donald pond] 05/10/2021 11:23

That was my 10,000 at 90 that shifted them, HL managing a limit order for once

[mount teide] 05/10/2021 11:00

Moved to 2 v 1 / 89p v 90p (rest between 91p and 94p)

[winnet] 05/10/2021 10:47

haven't got the div yet - HL client.

[mount teide] 05/10/2021 10:11

Moved to 1 v 2 / 89p v 90p (rest between 91p and 94p)

[mount teide] 05/10/2021 09:32

MM's are short of stock - can sell in volume above the mid price.

[mount teide] 05/10/2021 09:30

Euroclear's Sept Stock on Loan(short) Report published today:

Selected O&G Sector Company Analysis

0.03% - Jadestone Energy / (No change)

0.43% - Savannah Energy / (no change)

0.68% - PetroTal / (up from 0.64%)

1.66% - Shell / (down from 2.60%)

1.85% - Pantheon Resources / (up from 1.75%)

3.83% - BP / (up from 3.21%)

3.99% - Enquest / (up from 3.06%)

5.62% - Cairn / (down from 6.21%)

8.39% - Touchstone Exp / (down from 8.43%)

[thommie] 05/10/2021 09:11

got it as well yesterday.