Jadestone Energy Share Discussion Threads

[nigelpm] 03/11/2022 08:12

Made sense to me - buyback teams tend not to go into the market on big up days.

[croasdalelfc] 03/11/2022 08:07

Can only mean its suspended due to large acquisition on its way ;) or they don't want to average up :) . Average is 77p

[donald pond] 03/11/2022 07:57

No buyback yesterday?

[mount teide] 02/11/2022 21:43

Euroclear's October 2022 Stock on Loan(short) Report:

Selected O&G Sector Company Data


0.00% - Arrow Exp / (No change)
0.00% - Touchstone / (Down from 0.2%)
0.21% - Jadestone Energy / (Up from 0.17%)
0.79% - PetroTal / (up from 0.12%)
1.30% - Savannah Energy / (up from 1.27%)
1.84% - Shell / (up from 2.33%)
3.07% - Enquest / (up from 2.59%)
3.23% - BP / (down from 3.62%)
3.55% - Pantheon Resources / (down from 3.77%)

[mount teide] 02/11/2022 20:00

596k @ 77.8p is an astonishing closing auction transaction considering the closing spread was 74p - 76p.

Someone keen build/add to a position in serious volume or close a short. Either way, very encouraging transaction. Total short position for October was 0.21% (950k).

Additionally, someone paid well above the 76k Offer for 200k(134k + 66k) into the close....which was printed after 5pm)

[winnet] 02/11/2022 17:39

77.8 auction UT

[nigelpm] 02/11/2022 16:52

Very chunky and well above the market price.

[duckdown] 02/11/2022 16:37

A chunky UT at close.

[mount teide] 02/11/2022 16:08

Last year, the O&G industry invested $305 billion in oil upstream.

According to the 2050 net-zero IEA scenario, they needed to invest $302 billion. So they actually over invested.

Either the 2050 net zero scenario is total nonsense or there has been a demand surge, because the O&G industry reckons annual CAPEX in the range of $450bn to $600bn is required just to keep supply/demand in some form of reasonable balance until 2030, when oil demand is forecast to peak to 108m bopd!

[mount teide] 02/11/2022 13:35

L2: 1 v 3 / 75p v 76p (rest between 78p and 81p) - Volume 1.1m

Chart suggests a return to low 80's for a breather to await the next Montara update, which is expected shortly.

[fardels bear] 02/11/2022 11:58

Volumes not high enough. This is mainly PIs buying back in.

[lloydypool] 02/11/2022 11:26

Ooh don't use the words "leaking from the FPSO"!!!!

[arlington chetwynd talbott] 02/11/2022 11:03

Certainly looks like something (positive) is leaking from the FPSO.

[fireplace22] 02/11/2022 10:32

Montara restart must be soon (next 4 weeks or so) or the rationale of doing repairs at sea would have been negated. I doubt if that's the case after nearly 3 months.

[nigelpm] 02/11/2022 10:07

They're not sat in a silo Ash. Making money all the time and lots of going on elsewhere.

[mount teide] 02/11/2022 09:41

Who needs the FBI?

Tweet from customer Errol Webber to United Airways:
'Hey United Airways, one of your employees at Anchorage Airport rummaged through my luggage last night and took some film equipment home with them. They inadvertently took my Apple AirTag that I had hidden. Can you tell your employee who lives at: 210 Clover Hollow Court to give me my stuff back?' ........Errol Webber

Thief deserves all he gets!

The twitter left are demanding the arrest of Errol on the grounds he exposed a hard working, lowly paid employee, who's like is the backbone of our great country, to public exposure and the terrible impact this will have on his mental health. Lol!

[mount teide] 02/11/2022 09:38

Fast out the traps this morning!

L2: 1 v 7 / 74p v 77p (rest on 78p)

[mrscruff] 02/11/2022 09:32

Good article as it helps clear up my understanding of the complicated assets. A few pence above 156p was my 1-year target but I happy for the share price to stay low as we accumulate via share buybacks. We have to factor in the age of our core assets and if they are all shiny and new would be a higher target price. Dividends in 2023/24 is something I am aiming for here (and others). I am slowly selling down the majors via the ETF's of SPOG and ENGY to buy some of these types of companies. So yeah happy for the share price to stay down for the rest of the year.

[edwardthom87] 02/11/2022 06:40

Thank you for the article bradvert, very interesting. (Also the Serica & IOG ones)

[mount teide] 01/11/2022 22:26

brad - thanks for the link......thought it read well other than for a few technical errors.

Stag production - if it was ultra low sulphur and light Brent it would not be going into the marine fuel oil pool, but like Montara's production, straight to the refinery to produce diesel, VLSFO and jet fuel. Stag production is at the opposite end of the crude oil spectrum - Heavy sweet crude with a spec very similar to the residual heavy fuel oil used by the global shipping industry, who are its buyers.

Cannot agree with them that Stag is the best asset. Its been a great buy and generates very good cash flow for an asset that cost just $6m net but, it does not compare to Jadestone's cash cow Montara, which has already generated circa $700m of operating cash-flow for a net price of $82m, and will probably continue to be Jadestone's greatest cash generator for years.

[pughman] 01/11/2022 19:40

Many thanks bradvert. Comprehensive overview of where JSE stands today, written with real clarity. Well worth a read.