Jadestone Energy Share Discussion Threads

[thommie] 13/12/2021 07:35

thx for info. late december instead of october. 2 months delay. Lets hope there was no major hiccup. so we reinvest our premium to brent on our production into valaris :) I still sleep well here.

[sea7] 13/12/2021 07:05

rig handover moved to late December....as advised advance energy rns today

[mount teide] 12/12/2021 21:02

Tapis Crude is currently priced at a $4.5/bbl premium to dated Brent.

JSE's former Petronas Malaysian production is priced off Tapis.

[mount teide] 12/12/2021 14:49

In the past two years II's with notifiable holdings and the Directors have increased their collective positions to 72.6% from 65.6% of the stock.

Fidelity(up by 2.0% to 5.2%) and Baillie Gifford(up by 5.2% to 8.45%) have materially increased their positions, while Miton (down by 2.20% to 4.12%) and Odey (down by 1.10% to 7.12%) have decreased.

Invesco, Blackrock, Polar Capital and Sandgrove Capital have replaced Ontario Teachers Union, West Face Pension Fund, Capital World Investors and GLG Partners on the notifiable(at or over 3.0%) holdings register.

33% of the stock continues to be held by two high performing US Hedge Funds (Tyrus Capital and Livermore Partners).

Major Holdings - 72.6% of stock is held by the largest 10 Institutional Investors & Directors:

25.94% - Tyrus Capital
8.45% - Baillie Gifford
7.12% - Odey Asset Management
6.96% - Livermore Partners
5.20% - Fidelity
4.84% - Polar Capital
4.12% - Premier Miton Investors
3.84% - BlackRock
3.28% - Sandgrove Capital Management
3.26% - Invesco
0.86% - Directors

[mount teide] 11/12/2021 16:16

B2 - thanks for the ideas and guidance.

[bamboo2] 11/12/2021 11:50

MT, looks good. Not sure you need the 9-dot space between the side by side charts, but realise there may be reasons you have done this.

On the IPO thread header, the method I used there to widen the header was by inserting a wider sized chart, a bit like your 2-year chart below the news.

Go into the code for this chart. You can change quite a few of the parameters.

type, change the number from 1-6 to change from line to candlesticks etc
size, changes physical size of chart image
period, change number to adjust total time length of chart
etc...

[mount teide] 10/12/2021 23:35

b2 .... thanks for the heads up ref: adjusting the header width.

Should this page width adjustment create viewing problems for smaller screens please let me know ....... the adjustments were made using a 27 inch 5K IMAC.

Added comparison charts for TXP and ADV.

[fardels bear] 10/12/2021 17:18

Can you add to the header Abandon Hope All Ye Who Enter Here.

[bamboo2] 10/12/2021 15:08

Hi MT, you can adjust the width of the header, simply by using a single continuous line [no spaces] of symbols. eg ===== or ..... or what ever you prefer. You might have to play around until you find a best fit. Bear in mind that some view this on smaller screens, so limit yourself! You probably only need a couple of extra spaces.

There is an example of this in my DEFL thread header. [edit, changed example, as I used a different method in the IPO group header]

Alternatively, I may be able to code a new chart with USO as an overlay to the JSE, but you would only have the triple sma's for the stock.

ps if you do adjust the width, it will also widen the main text. Sometimes this squeezes out the adverts.

[mount teide] 10/12/2021 09:43

B2 - added the USO charts below the JSE charts .... the page width constraints of the Advfn website seem to prevent having these charts directly alongside each other.

US Dollar (DXY) Index & Major Equity Indexes, and Brent Future links also added.

[bamboo2] 09/12/2021 22:53

mt, wonder if this might find a place in the header, maybe alongside the similar jse chart?

[kfr20] 09/12/2021 16:38

Held up well today in an unsettled market.

[mount teide] 09/12/2021 11:58

World Leaders Have To Face The Truth About Oil Demand - Oilprice.com today

* Across the world, politicians are grappling with the reality of expensive energy

* Price shocks, scarcity and energy poverty are on the cards after two consecutive years of underinvestment in the oil and gas industry

* World leaders might have to acknowledge that oil and gas demand are here to stay for the foreseeable future

' "Our products make the world run." This is what Chevron's chief executive Mike Wirth said at this week's World Petroleum Congress in Houston. The statement echoed a sentiment expressed by other oil executives attending the event—oil and gas are indispensable and will continue to be indispensable for the observable future and beyond it.

This is not something that a lot of people want to hear. It is certainly not what environmentalist organizations want to hear. It is certainly not what the Biden administration and the EU want to hear. Yet, it appears to reflect a hard reality.

Europe is struggling with record gas prices, and yet its gas inventories are being depleted at the fastest rate in about a decade because of a colder than usual start of the winter across much of the continent. In the U.S., gasoline prices have become a top priority for an administration that came to power with the promise to reduce the country's consumption of fossil fuels. Whether everyone likes it or not, quitting oil and gas will not be as easy as some hope.

"I understand that publicly admitting that oil and gas will play an essential and significant role during the transition and beyond will be hard for some," said the chief executive of Aramco, Amin Nasser, also at the World Petroleum Congress. "But admitting this reality will be far easier than dealing with energy insecurity, rampant inflation and social unrest as the prices become intolerably high and seeing net zero commitments by countries start to unravel," he said, as quoted by the Financial Times.

The price of electricity is already getting intolerably high in many parts of Europe that were until recently used to affordable and secure energy. This, unless it is tackled urgently, could indeed lead to social unrest—there are few things more flammable than public opinion in the middle of winter amid an energy shortage and the risk of blackouts.

"Oil and gas continue to play a central role in meeting the world's energy needs, and we play an essential role in delivering them in a lower carbon way," Chevron's Wirth said, as quoted by the Wall Street Journal.

If the news from Europe since September is any indication, Wirth is correct in his prediction. However, supply may be tight due to underinvestment, which is at least in part the result of the rush to replace oil and gas with renewable energy.

Price shocks, scarcity and energy poverty are on the cards after two consecutive years of underinvestment in the oil and gas industry, a report by IHS Markit and the International Energy Forum said this week. This year's investments in the industry would be about $341 billion, which is 23 percent lower than pre-pandemic investment levels of $525 billion, and that's despite rising global demand for the commodities, the report noted.

"Oil and gas investment will need to return to pre-Covid levels and stay there through 2030 to restore market balance," the report's authors wrote, with the secretary general of the IEF saying, as quoted by Upstream Online, the "energy crisis in Europe and Asia this winter is a preview of what we can expect in the years ahead".

This would certainly not sit well with renewable energy proponents like the head of the International Energy Agency Fatih Birol and the EU's green deal chief, Frans Timmermans. Yet, it wasn't too long ago that Birol called on OPEC+ to produce more oil and on Russia to pump more gas to Europe, and Timmermans was forced to admit gas had a part to play in the energy transition.

"Underinvesting in oil and gas before renewables and other low-carbon technologies that are ready to scale up to meet energy demand could create recurrent energy crises of the kind we saw in Asia and Europe over the last few months," said IHS Markit's Daniel Yergin in comments on the report. He added that these crises could lead to adverse economic consequences. These, in turn, will in all likelihood spark the social unrest Aramco's Nasser talked about at the WPC.

The big energy problem appears to be one of prematurity. The buildup of renewable generation capacity in Europe and the U.S. was accompanied by a premature retirement of fossil fuel generation capacity, leaving countries short of baseload energy when they need it.

It is no coincidence that some countries such as the UK and Sweden had to restart coal plants: in the UK's case, to fill a gap between demand for electricity and supply amid the gas crunch, and in Sweden's case, to export the electricity to Poland in order to help it avoid blackouts. What caused the shortage in Poland? Low wind and shutdowns at some power plants.

The premature shift to relying on wind and solar is leaving countries vulnerable to the weather and effectively increasing their dependence on fossil fuels. Perhaps the current crunch will teach some important lessons to those willing to learn. Otherwise, the scenario outlined by Aramco's Nasser and IHS's Yergin may well materialize in the not too distant future.'

[croasdalelfc] 09/12/2021 07:51

https://www.conocophillips.com/news-media/story/conocophillips-announces-agreement-to-sell-indonesia-assets-for-1-355-billion-and-provides-notice-that-it-is-exercising-its-preemption-right-to-purchase-up-to-an-additional-10-shareholding-interest-in-aplng/

[mount teide] 08/12/2021 17:24

L2: closed 2 v 1 / 82p v 84p

Closing auction 10.7k at 82.4p - so, set up to open up tomorrow.

[mount teide] 08/12/2021 15:59

L2: now 1 v 1 / 82p v 84p

[mount teide] 08/12/2021 15:26

L2: moved to 1 v 2 / 82p v 84p (rest between 85p and 88p)

[croasdalelfc] 08/12/2021 13:18

Diesel generator ;)

[mount teide] 08/12/2021 12:07

Well worth a read.

The Big Short 2?

U.S. Shale Oil And Gas Forecast: Too Good To Be True? - Resource Insights

Earth scientist David Hughes — who is out with a new skeptical report on the future of U.S. shale oil and gas—has two very important things in common with Michael Burry. Burry is the investor made famous by The Big Short, the book that was later turned into a movie of the same name about the 2008 housing crash.

Both men made calls that contradicted an almost unanimous consensus, and both did so after dogged, painstaking research.

First, let’s look at the latest from Hughes, an update on the U.S. shale oil and gas industry entitled “Shale Reality Check 2021.” Then, we’ll return to his previous prescient call.

“Shale Reality Check 2021” seriously undermines rosy long-term forecasts made by the U.S. Energy Information Administration (EIA) for U.S. oil and natural gas from shale deposits..............'

[mount teide] 08/12/2021 11:23

L2: opened 5 v 3 / 80p v 83p

Moved to 1 v 3 / 81p v 83p

Then to 1 v 1 / 81p v 83p

Now 1 v 3 / 81p v 84p (rest between 85p and 88p)

[donald pond] 08/12/2021 11:11

This from UBS this morning Energy transition: Oil demand holds up in Norway, despite record electric car salesEnergy With a more positive longer-term oil demand in mind, we continue to see value in longer-dated oil contracts for risk seeking investors.Norway is a global leader in zero-emission cars sales. In September, a record 77.5% of all new cars sold were pure electric. Norway's high electric car sale share is supported by financial incentives like tax and road toll exemptions.This trend has been rising for the past ten years, yet Norwegian oil demand has increased by nearly 7% over the same period. While gasoline demand has declined, other oil products have more than compensated.Fossil fuels, including crude oil, will likely remain an important constituent of the world's energy base for some time. Their overall market share will increasingly give way to renewable fuels, but demand will still rise over the next decade, in our view.

[fardels bear] 08/12/2021 10:33

With Goldman that's likely to mean they are short the whole lot.

[lord gnome] 08/12/2021 07:23

Two liftings in Q4 should provide a nice bit of window dressing for the annual results.