Jadestone Energy Share Discussion Threads

[nigelpm] 11/4/2024 21:05

Not really Tom - could be any number of reasons. If it was all about value it would have been over very quickly.

I suspect the recent increase in crude value and somewhat tightening of oil supply was a much larger factor.

[tom111] 11/4/2024 20:55

Thanks MT as i was saying Nige it was pretty obvious after such a delay

[mount teide] 11/4/2024 20:25

Reading between the lines of Woodside's Media Release today, it would appear none of the interested parties were anywhere near Woodside's valuation of the assets.

It's the second time in three years Woodside has failed to secure bids for these assets at a price within negotiating distance of what they would be willing to sell.

Woodside Energy - Media Release - 11th April 2023

MACEDON AND PYRENEES DIVESTMENT PROCESS UPDATE

Woodside commenced a process in the second half of 2023 to consider the potential for divestment of its interests in the Macedon and Pyrenees assets.

Following completion of this process, Woodside has decided to retain its current ownership levels in both assets.

Macedon continues to be a critical supply source of gas to the Western Australian domestic market and Woodside continues to see strong value in both assets.

Woodside remains disciplined and value-driven when considering any potential merger and acquisition transaction, including divestments.

Both Macedon and Pyrenees will remain within the Australian operations portfolio with a continuing focus on maintaining their outstanding safety and production performance and contribution to ensuring security and reliability of gas supplies in Western Australia.

[fardels bear] 11/4/2024 20:00

I thought that the timing of both the start and end of the syspension could be described as decidedly fortuitous for JSE.But my cynicism as I approach my threescore years and ten knows few bounds.

[tom111] 11/4/2024 16:54

I did ring them nige!!!

[jungmana] 11/4/2024 16:40

Been a good day today and hopefully continue the rise tomorrow into the 30's.

[nigelpm] 11/4/2024 16:36

I doubt that was their intention ;-)

[tom111] 11/4/2024 16:36

As far as im concerned they did me a big favour

[citys2874] 11/4/2024 15:47

People buying in before close

[nigelpm] 11/4/2024 15:35

Things change Tom - that's the reality of business.

[tom111] 11/4/2024 15:27

They had plenty of time to decide for heavens sake lol

[nigelpm] 11/4/2024 14:35

That's not obvious Tom. Might simply be that Woodside decided it wasn't a good time.

[tom111] 11/4/2024 14:30

Just got back home,what a relief to see Woodside drop out must be worth a few points just on that news lol.Woodside obviously imo didnt receive any worth while bids

[citys2874] 11/4/2024 14:28

aktara on schedule on track for 1st gas and this will catapult the share price and could come any day soon....Fabulous time to invest in here

[fardels bear] 11/4/2024 14:23

Member since 28th March...

[citys2874] 11/4/2024 14:17

Good day so far and expect we may rally up towards close

[mount teide] 11/4/2024 14:02

Opinionated momentum traders armed with little more than a highly limited and colourful vocabulary and less investment patience than the life cycle of a mayfly are a given on a day like today!

[poacher45] 11/4/2024 13:55

Yes all the nutters that have sold there shares this morning.

[thedudie] 11/4/2024 13:50

I think that should be:
....more nutters in...

[fardels bear] 11/4/2024 13:48

We've got the nutters in, I see.

[premium beeks] 11/4/2024 13:34

Yes I doubt management have stood still these last few months.

[upwego] 11/4/2024 13:27

What a nice surprise!
Anantara must be close to first production.
Another smaller asset i reckon is already being eyed upon i bet.

All a good recipe for a good steady hike jn the share price 😃

[citys2874] 11/4/2024 13:16

Production: 20,000 - 23,000 boe/d, a c.55% increase on 2023 at the mid point