Jadestone Energy Share Discussion Threads

[nigelpm] 27/10/2022 09:18

Yes, expected news combined with some very positive outlook - market reaction tamed by buyback for sure.

[royalalbert] 27/10/2022 08:59

Must say this part of the RNS does sound highly encouraging.

"Elsewhere, Jadestone is making good progress on a number of fronts with several potential near-term positive catalysts. We now have a clearer path towards completing the repairs on the Montara Venture FPSO and we will provide a more detailed update on this soon. The Stag infill drilling programme is progressing well, with the first well now at the completion stage and the second well soon to reach the reservoir interval. The Akatara gas development remains on track and the Vietnam gas sales discussions with the end-user are making progress. The completion of the North West Shelf oil acquisition from BP is still expected this quarter, as is the acquisition of the remaining 10% interest in the Lemang PSC. Finally, there are a number of inorganic opportunities across the Asia-Pacific region which are under evaluation. Overall, the outlook for Jadestone remains positive and we are excited for the future."

May even end blue today.

[tens machine] 27/10/2022 08:59

I would not be surprised, to see another acquisition in pipeline as maari seems too much trouble than it's worth which can be laid at the foot of lack of investment due to the governments ineptitude

[pughman] 27/10/2022 08:46

This RNS indicates a pathway to Montana restarting, either in Q4 22 or Q1 23. If that turns out not to be the case, management credibility will be wiped out.

[fardels bear] 27/10/2022 08:39

Well, that last one for a start.

[buffythebuffoon] 27/10/2022 08:37

FB,

What metaphors are you mixing?

Buffy

[fardels bear] 27/10/2022 08:27

Markets hate uncertainty. Maari has been a sea anchor around our necks for years. I love mixed metaphors.

[elsa7878] 27/10/2022 08:27

I think it was assumed that Maari would lapse. Say 90% chance. So in my view the share price reduction today is about Montana as much as Maari.

[arlington chetwynd talbott] 27/10/2022 08:25

Still sounds encouraging though (i.e. does not sound like dry dock). The Maari issues have been well flagged.

[fardels bear] 27/10/2022 08:24

Fair enough. I don't particularly care if you never buy back in.

[ashkv] 27/10/2022 08:23

Indeed very concerning that with November upon us - no clear indication as to Montara resuming..

Clearly Q1-Q2 2023 for a Montara restart - hopefully not suspended forever like Maari given Aussie authorities have a crazy Left wing Government running the show unlike prior Conservative government... I will only buy on restart or clear indication of the same post ok from new left wing hydrocarbon hating Aussie political regime...

[elsa7878] 27/10/2022 08:01

More detail would have been helpful as implies no remedial work has started...

We now have a clearer path towards completing the repairs on the Montara Venture FPSO and we will provide a more detailed update on this soon.

[croasdalelfc] 27/10/2022 07:50

I would say JSE were very concerned the license wouldn't be extended beyond 2027 - that makes it a different proposition given decomm costs and trailing liability

[thommie] 27/10/2022 07:16

Really disappointing. There it goes, this big accrued cheque of nearly 100m $... Although everyone knew it was likely that this outcome would happen there was still this little bit of hope...Another opportunity for the company to buy back big chunks of their shares today and in the upcoming days...

[royalalbert] 27/10/2022 07:15

Yep agree with that Mr R, to much time spent on it.

[mr roper] 27/10/2022 07:08

Maari binned. Sensible decision

[mrscruff] 26/10/2022 18:54

As oil prices rise again today more will be selling this for oil producers who are going up. But... With JSE being down -19% YTD and with index's like ENGY on +27% YTD and SPOG on 66% YTD there is >50% just to get to ENGY level. There is obviously risk with more delays but the risk reward appears skewed to the reward and protected with cash on the downside! Look to add any gains in other oil companies to this. HBR is another cheap one on a down trend that should recover and be net cash this time next year or abouts.

[nigelpm] 26/10/2022 18:17

That's pretty obvious I would have thought given the company have been buying back shares for two months and the price hasn't moved ergo someone has been happy to sell to them.

[winnet] 26/10/2022 17:20

I bought a large chunk today, but I've noticed a seller.

I've seen it 100's of times before, until the overhang/seller is done, we are where we are.

[fardels bear] 26/10/2022 16:40

Well they aren't having mine.

[mount teide] 26/10/2022 15:57

Cheap energy stocks - Despite generating record FCF and returning a 77.6% better capital growth performance YTD(excluding dividends) than the S&P 500, energy stocks are still trading at less than half the P/E rate of the index.

'Oil and gas supermajors are on course to repurchase their shares at near-record levels this year thanks to soaring oil and gas prices helping them to deliver bumper profits and boost returns for investors.

According to data from Bernstein Research, the seven supermajors are poised to return $38bn to shareholders through buyback programmes this year, with investment bank RBC Capital Markets putting the total figure even higher, at $41bn.

In 2014, when oil was trading over $100/barrel, we only saw $21 billion in buybacks. This year’s figure easily outpaces the 2008 number.

But here’s another interesting thing: Big Oil’s capex and production have remained mostly flat despite reporting record second-quarter profits.

Data from the U.S. Energy Information Administration (EIA) shows that Big Oil companies have mostly downshifted both capital spending and production for the second-quarter. An EIA review of 53 public U.S. gas and oil companies, responsible for about 34% of domestic production, showed a 5% decline in capital expenditures in the second-quarter vs. Q1 this year.

Another surprising finding: energy stocks remain cheap despite the huge runup. Not only has the sector widely outperformed the market, but companies within this sector are relatively cheap, undervalued, and come with above-average projected earnings growth.' .....Bloomberg

Key Metrics for OIL/ENERGY Sector Earnings

[mount teide] 26/10/2022 14:36

When listening to PB's last webcast, I formed the view in my own mind that his ideal scenario from a PR and cash-flow perspective, would be Montara returning back into production during November, followed by the announcement of at least one further deal in December, along with news of the completion of the BP NWS assets.

[11_percent] 26/10/2022 11:18

FB,

Mmmmm....that's a hard one.

My GUESS is that they would propone acquisitions till the cash flow from Montara is clearer.

However.....with these aquisitions.....they take a long from the first enquiry till the deal being done.
Thet follow a path of negotiation and into due diligence phase......and end up a proposal on the table.

That proposal may have a time limit on it......in that case the deal needs to be done......NOW.

So......yes push back the deals.....but any that need to be done "now"....go for them......we have the cash ready.