Jadestone Energy Share Discussion Threads

[thegreatgeraldo] 08/2/2023 14:02

Montara wells have had a nice rest..... would expect to see some useful flush production once they're started up again...

[11_percent] 08/2/2023 13:46

Straight through (above) the 200 day MA......RSI = 68...getting a bit toppy.

[dunderheed] 08/2/2023 12:20

Fair enough - I wasn't as supportive then - but kept quiet - as I only really post on holdings where I think the management are f ups - not including PHAR of course as I just poke my nose in occasionally - because apart from IOG they seem to be one of the longest surviving under-performing "management team" ever!!
Is TXP going that way as well now (very important next couple of months for them - supposedly anyway!)?

Let's be clear it is an absolute bargain for us share-holders under quid - but not for the deal-makers at JSE IMHO - I'd prefer they continued to snap up assets and or keep (some) cash available to do so quickly as the ability to close quickly is always an advantage for some - as well!

All IMHO, DYOR.

[fireplace22] 08/2/2023 12:15

Dh, when the BB was initiated we were buying at 100p, presumably they thought it was a bargain at the time- probably still is.


Date of purchase: 11 August 2022
Aggregate number of Ordinary Shares purchased: 37,155
Lowest price paid per Ordinary Share (pence per share): 99.00
Highest price paid per Ordinary Share (pence per share): 100.65
Volume weighted average price paid per Ordinary Share (pence per share): 99.28

[tom111] 08/2/2023 11:43

Looked a bargain @82p early on last top up,just shows you patience pays off.Once the profit takers are gone we should have a clear run to the 90s

[poacher45] 08/2/2023 11:15

With the buy back removing 20000000 shares and most of the rest in firm institutional
hands I guess there is not that much left to buy.

[thedudie] 08/2/2023 11:14

At last - some movement!
Now at levels last seen during the September fall. It has been a long 4/5 months (well 8 months if the few before September are included!)

Onwards and upwards (please)... I am hoping for the significantly upwards trend to reappear :)

[mount teide] 08/2/2023 11:04

Just took a little early morning nudge!

[nigelpm] 08/2/2023 11:04

taking off now. This morning price was a gift

[mount teide] 08/2/2023 11:04

Moved to 2 v 2 - 85p v 86p (rest between 87p and 90p)

[mount teide] 08/2/2023 10:54

Moved to 3 v 5 / 82p v 85p, then quickly to 2 v 1 / 83p v 85p after a spate of NMS buying at 85p

[mount teide] 08/2/2023 10:44

L2: moved to 3 v 1 / 82p v 84p

[mount teide] 08/2/2023 10:21

L2: Market seems to be slowly waking up to the significance of today's announcement.....volume starting to pick up.

1 v 1 / 82p v 83p (rest between 84p and 89p)

[mount teide] 08/2/2023 10:09

BL - You can drive a coach and horses between expect and certainty!

IMO most of the market, and that includes II's, have little understanding as to the intrinsic value of what they're investing in - its why 95% of Fund Managers fail to beat the Index most tacitly follow.

[fireplace22] 08/2/2023 10:02

the imminent production at Montara, the increased production at stag and the new acquisitions puts JSE in a much better position than when the share price was nearing 110p. That's why the share price is currently disappointing.

[nigelpm] 08/2/2023 10:00

Everything - it has moved the issue from something out of the control of JSE into their hands.

[brileyloucan] 08/2/2023 09:53

Im confused as to why a big increase was expected on that announcement. Surely prior to the announcement we/the market were all expecting a Montana restart before the end of February, and now we are expecting a restart before the end of February. Slight derisking perhaps, but what else has changed?

[nigelpm] 08/2/2023 09:50

Agreed MT - that's why I bother with this stuff and don't just stick my money in a fund.

[royalalbert] 08/2/2023 09:44

That's the market for you.

[mount teide] 08/2/2023 09:42

The market reaction/ignorance of todays announcement is surprising - imo it's generated a highly compelling investment opportunity for PI's to take advantage of as its created a major dislocation between the price of the equity and its intrinsic value.

Would bet serious money that if JSE had announced an acquisition today generating a quarter of the FCF of Montara when back in production, it would probably have seen an avalanche of II and PI's stampede in and raise the share price by 15-20p.

AIMHO/DYOR

[royalalbert] 08/2/2023 09:24

More divi's and buybacks on the cards once fully up to speed I'd expect, oh a few more purchases as well.

Seems a lot of the smaller oil companies have potential yet to be appreciated.

[jeff114] 08/2/2023 09:23

Not a native English speaker myself, and indeed not that clear

[nigelpm] 08/2/2023 09:21

Market probably seen the word "closed" and got very confused.

[sea7] 08/2/2023 09:17

yes - the market is not taking any real notice of this - I have added again this morning.