Jadestone Energy Share Discussion Threads

[mrscruff] 01/11/2022 08:14

Share price down -20.11% YTD while all other cash rich producers are in positive. Hoping this is the start of good news flow that would seriously add to our wealth perhaps even through dividends. I do think all types of investors should set expectations that these are old oil equipment and we really should not be falling so hard on hick ups and also rising to a target of 200p this year as was the old trend... a new less steep trend would be preferred but still multiple of current share price.

You may be wondering what I am blathering on about adding nothing new to a well informed about fundamentals forum. The point is that it doesn't matter how good or bad a revenue generating company is. What matters is the price you pay and that you pay this price during a period where net sellers have given up and left. When there are more sellers than buyers the share price drops to a level where there are equal buyers. Those buyers are like me.

[mount teide] 01/11/2022 07:56

Great to see completion of what will be a very valuable and important asset going forward.

The hint given by PB in his comments is about as 'brazen' as I have seen him make about future M&A activity.

[fardels bear] 01/11/2022 07:46

In short order I expect it will transpire that they don't. Looks like a coded message to me.

[ashkv] 01/11/2022 07:10

NW Shelf Transaction completed - the below line from RNS was a howler :) :)

"Over time we hope to work with the existing North West Shelf Oil Project Operator and joint venture partners to add value through sharing our expertise in the management of mature oil assets.""

[bluemango] 31/10/2022 11:22

Joined you guys this morning with a small punt. Prepared to be patient, but this certainly looks undervalued and at a psychological low point given the recent issues with Maari and Montara. Big attraction was the lack of debt.

[poacher45] 31/10/2022 08:34

Because of the small buy back quantities the top 25 shareholders only went up by 0.07% last week. I suspect that one of the smaller institutions could have sold shares in the last couple of days.

[e43] 28/10/2022 20:26

Yes MT,Exxon and Chevron also showing Shell how it's done ie focus on what you do best and don't get away from your core strengths.
Rather than Shell's 'mix &match' approach,which is leading to persistently lower returns on capital employed,as it often overpays for renewable projects too boost its 'green' credentials.

[mount teide] 28/10/2022 16:38

The oil price may have eased the result of Biden's market manipulation shenanigans BUT its had no impact on big oil's profits which continue to soar!

Exxon’s Q3 Net Profit Soars To New Record - Oilprice.com

* ExxonMobil reported record-breaking net profit on Friday at $19.66 billion.

* The U.S. oil major saw a boost in earnings from natural gas, as well as higher oil prices and robust fuel sales.

* Exxon’s Q3 net profit of $19.66 billion compares with last quarter’s $17.9 billion.

'Exxon Mobil Corp reported record-breaking net profit on Friday at $19.66 billion, or $4.68 per share - smashing analyst estimates for the quarter.

The U.S. oil major saw a boost in earnings from natural gas, as well as higher oil prices and robust fuel sales.

Exxon’s capital and exploration expenditures for the quarter were $5.7 billion, bringing the total investments this year to $15.2 billion — well on track to meet its investment guidance for the year of between $21 billion and $24 billion.

“Our strong third-quarter results reflect the hard work of our people to invest in and build businesses critical to meeting the demand we see today,” CEO Darren Woods said.

“The investments we’ve made, even through the pandemic, enabled us to increase production to address the needs of consumers. Rigorous cost control and growth of higher-margin petroleum and chemical products also contributed to earnings and cash flow growth in the quarter. At the same time, we are expanding our Low Carbon Solutions business with the signing of the largest-of-its-kind customer contract to capture and permanently store carbon dioxide, demonstrating our ability to offer competitive emission-reduction services to large industrial customers around the world.”

Exxon’s Q3 net profit of $19.66 billion compares with last quarter’s $17.9 billion, or $4.21 per share, which was quadruple that seen in Q2 2021, and triple the earnings from the first quarter of this year.

Exxon said in a trading statement earlier this month that the increase in natural gas prices had more than offset the decrease in crude oil prices, leading analysts to increase their estimates.

Exxon added 2.2% in premarket trading.

Its US peer, Chevron, also reported on Friday, beating analyst estimates with its second-highest quarterly profit ever of $11.2 billion, or $5.78 per share.'

[moonshot3] 28/10/2022 15:46

Buy back was 715,000 shares. Higher buy backs were notified on 23 September (1,035,000 shares) and 28 September (1,132,865 shares)Approximately $10.3m spent on buy backs to date, leaving spare firepower of circa $14.7m.

[mount teide] 28/10/2022 13:04

The most useful 3 minutes of investment research you will find on the internet in possibly years - Jeff Currie, Goldman's Energy Guru hits the nail on the head with respect to where investment funds should be going over the next decade!

Revenge of the Old Economy - Jeff Currie / Goldman Head of Commodities



Declaration: Jeff, my friends and I are kindred spirits in this connection - we could be wrong but, betting against it over the last year has been an extremely expensive mistake to date.

[fardels bear] 28/10/2022 12:52

And yes, it gives people are currently not holding any a wonderful chance to buy some of the ridiculously low price.I am including you in that.

[ashkv] 28/10/2022 11:43

Wow - huge buyback activity yest / 27 October.

JSE should let the share price fall to the 40s / 50s and buy even more shares at a cheaper price... pull back will be even sweeter when/if JSE get Montara back online... also gives believers a chance to average down.

Suspend Buybacks for a week... and let the market price JSE...

Date of purchase:


27 October 2022

Aggregate number of Ordinary Shares purchased:


715,000

[farmscan] 27/10/2022 20:34

I'll do it on your behalf.

[fardels bear] 27/10/2022 19:16

If I still drank I'd drink to that.

[mount teide] 27/10/2022 17:14

Would say 'it's always darkest before the dawn' but that's a lot of nonsense.

Night is darkest when the sun is below the horizon midway between dusk and dawn!

We're well past that point in my opinion - perhaps midway between there and dawn.

[the_gold_mine] 27/10/2022 17:09

Could be shrewd RNS timing by management, getting the bad news out of the way with the share price so low will no doubt increase trading volumes and selling pressure and allow an increase in buyback purchases at depressed prices ahead of (hoped for) positive Montara restart news... There is no good time for bad news but during a buyback with shares at 67p seems better than with shares at 100p? Only my opinion, DYOR

[mount teide] 27/10/2022 17:02

FB - with just the higher wing tanks to inspect, if dry docking were required, commercial considerations suggest they would have stopped ALL repair and remedial work months ago to prepare the ship for towing. As the repairs and other work could be carried out much more cost effectively in an Asian shipyard, equipped with the machinery to efficiently carry out the work.

[pughman] 27/10/2022 16:51

Until there is an RNS stating otherwise, production today is circa 7,000 Boe/d.