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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jadestone Energy Plc | LSE:JSE | London | Ordinary Share | GB00BLR71299 | ORD GBP0.001 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 25.25 | 25.00 | 25.50 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 323.28M | -91.27M | -0.1688 | -1.50 | 136.56M |
Date | Subject | Author | Discuss |
---|---|---|---|
14/3/2019 10:53 | Jadestone Energy JSE Cantor Fitzgerald Buy 47.40 47.40 94.00 97.00 Reiterates | thefartingcommie | |
14/3/2019 10:20 | Bought in here over the last few days. I see this as a solid banker to hold and accumulate over the coming months and years.... Great management, winning strategy that they have years of experience with and a fast growing area of the world in need of their product... Blakeley comes over very well in the LSE presentation....calm All IMO etc | sja123 | |
14/3/2019 08:44 | With acquisitions on the cards, I can't see any share buy backs in the next 2 years minimum. They aren't an explorer except with a small 'e' as they say. They intend to look at the dividend in September as well so there will be competition as to where to best use the cash. | zengas | |
14/3/2019 08:41 | With Spangle on this one, buybacks tend to be a poor use of shareholders money, I appreciate there are exceptions as mentioned above. They are done with an eye to managing the divi ratio buy way of manipulating the sharecount. There are certainly better ways and circumstances where money can be used. I would prefer straight cash/share dividend than any massaging of the equity, I'll have the cash and decide what I want to do with it. Better yet, opportunistic acquisitions or reduce debt. I'm taking another look at this and following with an eye to investment. Cash | cashandcard | |
14/3/2019 08:17 | Spangle - 'Surely there are better investment opportunities for realising shareholder value than that, or just start dividends' Mostly yes, but there are some extremely good exceptions to the rule. Low cost Copper producer Central Asian Metals started a large buy back programme of its shares during the brutal recession period 2012-2016 of the last copper market cycle and saw its share price go up 170% - they iced the cake by in addition paying out a circa 6% dividend. By comparison sector heavyweight Glencore's valuation dropped 85%, they suspended the dividend and then diluted shareholders with a massive placing to strengthen the balance sheet. I agree that against the backdrop of the early stages of the recovery phase of the latest oil market cycle the cash would probably be much better spent on acquiring more high quality assets with production and re-investment opportunities and paying a modest dividend than share buy-backs. | mount teide | |
14/3/2019 07:53 | I'd hoped that was tongue-in-cheek ;-) Surely there are better investment opportunities for realising shareholder value than that, or just start dividends | spangle93 | |
14/3/2019 07:45 | I also note that he says that if the market doesn't acknowledge the value here, they'll start buying back shares. | someuwin | |
13/3/2019 21:36 | Points for me and why i bought in here last summer - Adopted the Talisman philosohpy. Compelling investment. 33 mmboe of Vietnam 2C will add to the 2P reserves = over 70 mmboe P2 (before Ogan Komering, other assets and any acquisitions). Most telling comment re Montara - We have a lot of gas - no value attributed to it. Fields oil is under a very large gas cap. Which i pointed out here a few days back and reiterated by the CEO - "Couple of weeks back, Shell announced development for their Crux field" (which is barely 25km away)."Looking for gas into that infrastructure. I think this is great for us." In my own view we are sitting i believe on well over 100 mmboe oil/gas before OK and any other acquisitions. Huge free cash flow generation - and could fund another sizeable production asset in turn with similar cash flow/reserves/produc Still significantly undervalued because the market doesn't recognise the story - this should change and i would expect fair value to be above 80p. | zengas | |
13/3/2019 21:31 | Indeed - with the Jacky tieback and workovers/reperfs greatly extending the life and reducing opex/bbl. IAE was a dream share to get into, taken out on the cheap IMHO. | spangle93 | |
13/3/2019 20:55 | spangle - recall Ithaca Energy taking over Beatrice as a third phase operator for £10m and getting another 4 years or so of highly profitable production from the field following Talisman's 20 years as a second phase owner/operator. | mount teide | |
13/3/2019 20:41 | Just watched the recording - wow, he has a face that could be used as the pictorial representation of jetlag. Also, what was with the first questioner??? - 1 min 30 seconds of uninformed waffle Would have liked to have heard more of Ogan Komering, would love to hear of real progress there Left hand graph on Slide 5 has the wrong ordinate axis title I remember the BP MAST "nissen hut" (portacabin actually) though he forgot Clyde. Overall, good to hear the story verbally, didn't appreciate the tax pool at Montara which helps me to understand why Australian assets are attractive, but the best thing was verbal confirmation that his 30000 bopd target will be internally funded with no recourse to equity markets. | spangle93 | |
13/3/2019 19:58 | Brent up to $67.73 - a new four month high. Jadestone after adjustment for the circa $2.5/bbl regional premium to Brent will currently be generating circa $76.00/bbl($73.49 + $2.50) for its 5,500 bbs of hedged Montara production and over $70/bbl for the other circa 7,600 bbls. | mount teide | |
13/3/2019 19:31 | Cheers for posting the link homebrewruss. That is a fantastic presemtation! | someuwin | |
13/3/2019 19:00 | Standout point for me from Paul Blakeley's presentation last night: 2019 Free Cash Generation: In 2019: * Our average crude oil production is expected to be between 13,500-15,500 bbls/d * Our average unit production costs are expected to be US$21-24/bbl At an average $65 oil price for 2019 (40% of forecast production is hedged at $72/bb) We expect to be able to fully fund * Our Capital and other major offshore spending of US$116-131 million AND STILL HAVE $100 MILLION OF FREE CASH LEFT OVER! Incredible performance from an acquisition that is forecast to generate the overwhelming majority (circa95%) of that Free Cash and only completed last September for a net cost of $82m! Suggests a chunky Dividend payment is nailed on for 2019! | mount teide | |
13/3/2019 18:48 | Too right!! Say it how It is :) @fardelsbear You’ve nominated yourself as Spam police! hehe P.s thanks for the link Russ, great rise today, :D | meteors | |
13/3/2019 18:03 | Why on earth would we want to buy that, when we have these? | fardels bear | |
13/3/2019 16:46 | New proactive promo article: hxxps://www.proactiv edit: and the LSE video from last night's investor evening is now here: | homebrewruss | |
13/3/2019 16:44 | Some massive buys after the bell. About 3.5 million shares in total! | homebrewruss | |
13/3/2019 14:09 | As they said the other day... "We're in a number of data rooms right now" | someuwin | |
13/3/2019 13:44 | Management here built a $6b valuation oil company (Talisman) in the same region as they now operate with JSE. CEO awarded the OBE for services to the UK oil and gas industry. Stag, Montara oil project, Nam Du/U-Minh worth up to cdn 260c (circa 150p) so currently only representing under one third of that at 48p. Philippines SC56 and Vietnam Tho Chu or Indonesia's Ogan Komering producing PSC not in the valuation model. Further acquisitions a distinct possibility and is their objective. | zengas | |
13/3/2019 13:24 | Keep looking through the posts #jse is under the radar on twitter , like RRE this time a year ago | croasdalelfc | |
13/3/2019 13:20 | Well done. I'm a little peeved actually as I was going to top up materially in April here, ECO & ARS. All three have moved materially of late - annoyed and happy at the same time! | ifthecapfits | |
13/3/2019 13:09 | Bought more JSE today. Now by far the biggest holding in my SIPP. Very confident on this one. | someuwin | |
13/3/2019 11:54 | Oil Markets See An Explosion Of Bullish News - Oilprice.com 'Oil prices jumped to two-week highs on Tuesday morning, rising on the back of severe outages in Venezuela and the ongoing production cuts from OPEC+. A devastating electricity blackout swept over Venezuela late last week, crippling daily life for much of the country. PDVSA’s oil exports have been severely disrupted, and while data is scarce, output may have plunged by half to about 500,000 bpd, according to Energy Aspects. “Operations halted at main facilities, reducing output of main synthetic grades and blended Merey to almost zero,” Energy Aspects wrote in a note. “There’s a vicious circle,” the International Energy Agency’s head Fatih Birol told Bloomberg on the sidelines of the IHS CERAWeek Conference in Houston. “Since the oil isn’t exported, there’s not revenue, since there’s not revenue you cannot invest in infrastructure.̶ The big question is how long the outage will last. The U.S. State Department announced the withdrawal of its remaining embassy personnel in Caracas. That could reduce the potential for conflict, since any incursion on American personnel could be used as a pretext for an escalation, possibly even military intervention. However, the withdrawal cuts both ways. Removing American diplomats could get them out of harm’s way, clearing the way for bolder action. Worryingly, U.S. Secretary of State justified the withdrawal by saying that keeping them in Venezuela had become a “constraint The outages have global implications. Oil prices surged at the start of the week, with WTI jumping above $57 per barrel, and Brent above $67 per barrel. Meanwhile, the OPEC+ cuts remain in place, and Saudi Arabia has suggested that it would maintain output well below its required levels. As part of the Vienna agreement in December, Saudi Arabia agreed to limit output to 10.3 million barrels per day (mb/d). However, as of March, Saudi officials said that they would only produce 9.8 mb/d. More recently, Saudi Arabia indicated it would maintain the 9.8 mb/d level through April, a sign that even as oil prices inch up, Riyadh would rather err on the side of doing too much rather than too little. Saudi oil minister Khalid al-Falih also indicated that the OPEC production cuts could remain in place beyond June. Combined, Venezuela and Saudi Arabia have provided a jolt to the market. “Oil prices are rising for the second day in a row…They are continuing to receive tailwind from yesterday’s announcement by Saudi Arabia that it will significantly restrict oil supply in April,” Commerzbank wrote in a note on Tuesday. “This shows Saudi Arabia’s resolve to keep the oil market balanced by keeping oil supply tight. Additional buoyancy has come from news that the massive power outage in Venezuela, that has been ongoing for five days now, is also hampering the country’s oil exports.” On top of that, U.S. oil production actually fell slightly in December, an indication that the blistering growth rate could be “taking a breather after a six-month-long streak of all-time highs,” Barclays wrote in a report. The U.S. averaged 11.85 mb/d in December, down roughly 60,000 bpd from November levels. The decline came as a surprise after consecutive months of rapid growth. It is too early to come to any conclusions, and one month’s worth of data does not indicate a trend, but the collapse of oil prices in November and December may have slowed the trajectory of the U.S. shale patch. Spending cuts and pressure from investors are forcing a lot of companies to curtail their ambitions. To be sure, ost forecasts still call for another year of massive output growth. The EIA sees production jumping by another 1.4 mb/d. But other analysts said that the spending cuts could result in output undershooting those estimates. “Fundamentally I think supply estimates for the U.S will disappoint,” Ben Dell, managing partner at Kimmeridge, told CNBC. “We expect production growth to remain relatively soft during H1 19 but pick up pace in the second half,” Barclays said. In short, there are several factors working in a bullish direction, especially when compared to more pessimistic forecasts from a few months ago. Demand has held steady, defying dire forecasts for an imminent collapse due to a souring economy. The OPEC+ cuts, combined with unexpected outages, are tightening up the market. And while there is a great deal of uncertainty, U.S. shale could potentially slow down. While inventories have yet to demonstrate a decline following the OPEC+ cuts, the market appears to be tightening up. Next up: Waivers on U.S. sanctions on Iran are a little more than two months away from expiration, which offers another land mine for global supply.' | mount teide |
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