Jadestone Energy Share Discussion Threads

[thegreatgeraldo] 23/9/2022 13:48

Not a fan of buybacks generally, but buying slugs of a million at around the 70p mark is fine by me....less excited about buybacks around the 90p mark

[11_percent] 23/9/2022 11:32

To get an idea of how big these cargo oil tanks are......go to Slide 11 of the presentation....link below.

Slide 11.....large photo on the left.......centre of photo, and up a bit.

There is guy on a rope.....Rope Access Technician......doing the tank inspection.

[fardels bear] 23/9/2022 08:09

Is it a Wilbur Smith?

[royalalbert] 23/9/2022 07:48

Think at present though Nigel it's a good job they are buying large amounts.

[nigelpm] 23/9/2022 07:22

Over a million shares bought back yesterday. No longer mucking around.

[dunderheed] 22/9/2022 23:42

Reserved for monte1 and DC.

[the_gold_mine] 22/9/2022 22:05

Decent interview with Mike Rothman (CEO of Cornerstone analytics) on the current and future direction of travel of the oil market,

Covers a wide variety of topics including EIA forecasting errors (missing barrels), the relationship between oil price and the dollar and equities... Discusses the phenomenon of switching from gas to oil which has already started and which he expects to continue to push up oil demand, and the stupidity of the European attempts to sanction Russian oil (basically states that the world cannot afford to loose the Russian supply due to the oil market being overly tight already and that it would not reduce Russian revenues).

Of greater interest to me was his take on where the oil price is going, he basically states that oil today is trading at a $30 discount to where it should be based on inventory levels solely due to recession fears, currently he states the oil price based on his modelling should be at $121,

By year end 2022 he estimates inventory levels would justify a range of $135 to $138 a barrel, with that set to go even higher in Q1 2023.

The discussions regarding current and future oil price are from 42:42 onwards for anyone not patient enough to listen to the whole schebang...

Also he made some statements that he believes the European energy crisis is much more serious than is being admitted which I am in complete agreement with,

[fardels bear] 22/9/2022 16:35

Been on holiday. Wife not interested in oil.

[poacher45] 22/9/2022 16:02

This weeks top 25 shareholder list still shows that all shareholdings are the same as last week.

[thegreatgeraldo] 22/9/2022 15:17

Shame, you might have learnt something. Never mind.

[thegreatgeraldo] 22/9/2022 14:57

Did you look up "Twilight in the desert"?

[thegreatgeraldo] 22/9/2022 14:44

unt Teide22 Sep '22 - 11:12 - 11099 of 11102
0 1 1
Well, well well, as predicted here, when illiberal left net zero zealotry

...Calm down old chap, all this excitement is bad for the blood pressure

[mount teide] 22/9/2022 12:58

USD v GBP - 1.128 (17.5% drop YTD)

$91 Brent today is the same in GBP as $107 at the exchange rate on 1/1/2022

[fardels bear] 22/9/2022 12:06

See it fly after the USA midterms. Cynic? Moi?

[royalalbert] 22/9/2022 11:24

Anyone have the feeling the oil price will reverse soon, will help all the oilers.

Panic seems to be the order of the day, not enough oil or gas.

Asia is consuming more each day, their economies are continuing to expand, which means more energy needed.

As for JSE still confident in the long run, seems by the large trades others see a brighter future.

[mount teide] 22/9/2022 11:12

Well, well well, as predicted here, when illiberal left net zero zealotry meets global energy crisis reality there is only going to be one winner !

'JP Morgan considering an exit from the Glasgow Financial Alliance for Net Zero, according to a recent report by the FT', amid rising opposition among banks to increasingly stringent decarbonization rules'



Failing To Invest In Oil And Gas Would Be The “Road To Hell For America” - Oilprice.com

* The CEO of JP Morgan, Jamie Dimon, said that banks refusing to fund new oil and gas projects would be “the road to hell for America”.

* An unnamed senior executive at a U.S. bank is considering removing the organization from global green commitments due to legal risk.

* Dimon highlighted the fact that the current energy crisis has led to rising emissions due to increased coal use as oil and gas was not available.

'Cutting off investments in fossil fuels would be the road to hell for the United States. This is what JP Morgan’s chief executive Jamie Dimon said during a congressional hearing on a range of topics.

"Please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products, Mr. Dimon?" Rep. Rashida Tlaib asked JP Morgan’s chief executive, after laying out net-zero plans that require a shift away from fossil fuels.

"Absolutely not, and that would be the road to hell for America," Dimon said in response. He went further, as well, saying the country needed to invest more not less in oil and gas.

"We aren't getting this one right. The world needs 100 million barrels effectively of oil and gas every day. And we need it for 10 years," Dimon said, adding "To do that, we need proper investing in the oil and gas complex. Investing in the oil and gas complex is good for reducing CO2. We've all seen, because of the high price of oil and gas — particularly for the rest of the world — you've seen everyone going back to coal."

Dimon’s statements come amid rising opposition among banks to increasingly stringent decarbonization rules, with some, including JP Morgan considering an exit from the Glasgow Financial Alliance for Net Zero, according to a recent report by the FT.

The reconsideration of their participation in the alliance came as a result of growing fears of litigation opportunities, rife in new climate-related requirements for the businesses they fund.

“I am close to taking us out of these global green commitments — I’m not going to allow third parties to create legal liabilities for us and our shareholders. It is immoral and irresponsible,”; one unnamed senior executive at a U.S. bank told the FT. “What if we get it wrong, make a mistake or someone lies? Then the bank can be sued, that is an unacceptable risk.” '

[winnet] 22/9/2022 09:47

yes, thats very good volume. Some chunky trades not seen a while. Organised IMO.

[mount teide] 22/9/2022 09:41

L2: post the update - the 71p area is now seeing stock change hands between II's - 3.75m traded at mid price this morning.

[11_percent] 22/9/2022 09:07

Yes.....has not effected the price.....happy days.......but we are now getting some very large trades........for some reason.

[winnet] 22/9/2022 09:04

that said, a 2.8 m buy at 8.47 was printed, I assume this will be the other [partial] side of that sell. The price isn't falling hence they obviously had buyers for the stock.

[11_percent] 22/9/2022 09:01

2.45 million trade @ 71......buy or sell.....any thoughts.

[pughman] 22/9/2022 08:45

Immediately after yesterday's 4.2m sell, JSE made their single largest purchase to date in this buyback of 337,000 shares at 70 pence. PB's advice to shareholders on Tuesday was 'Be patient' which requires an act of faith that is fast being eroded.