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JSE Jadestone Energy Plc

26.20
0.95 (3.76%)
05 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Jadestone Energy Plc LSE:JSE London Ordinary Share GB00BLR71299 ORD GBP0.001
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.95 3.76% 26.20 26.00 27.00 27.25 24.90 25.00 2,448,381 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs 323.28M -91.27M -0.1688 -1.57 136.56M
Jadestone Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 25.25p. Over the last year, Jadestone Energy shares have traded in a share price range of 23.00p to 39.00p.

Jadestone Energy currently has 540,817,144 shares in issue. The market capitalisation of Jadestone Energy is £136.56 million. Jadestone Energy has a price to earnings ratio (PE ratio) of -1.57.

Jadestone Energy Share Discussion Threads

Showing 22626 to 22649 of 23000 messages
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DateSubjectAuthorDiscuss
06/10/2024
08:39
They are a good podcast but I take it for what it is a generalist overview of the market. Their oil analysis I don't give too much credence to, there was a hurricane a few weeks back which shut in a lot of Gulf of Mexico production but they didn't even pick up on it in the weekly US oil inventories discussion... Oil market analysis is a specialist game, and these guys are generalists only and can therefore only follow the general narratives of the day (in my opinion) rather than offer genuine in depth insights... AIMHO/DYOR
the_gold_mine
04/10/2024
15:05
Portfolio Matters is a great podcast. Really recommend it. Keith's horrendous bet on bonds teaches us lots of things about investing. Don't keep doubling down on your bets and have the humility to accept you are wrong. Good lessons in life and the stock market!
winnet
04/10/2024
12:03
He's a former fund manager that retired early and plays the oil market cycles. He and a friend do a weekly podcast on the markets in general looking at various market data.

I just watched this one, which was solely about oil. He goes through the data and different forecasts from IEA, EIA and OPEC.

He's not predicting what OPEC will do, necessarily, just suggesting that the consensus forecast is for oil over supply short-term and that it's unlikely OPEC can increase production without dropping the oil price.

IEA are bullish on oil supply growth (particularly from US shale) OPEC are more bearish and think peak US oil supply will be reached in the next couple of years.

There's some interesting tidbits in there that I wasn't aware of such as US shale oil producers recently having to pay to flare off excess gas due to lack of transport/storage capacity, which will change soon to make the wells more profitable?

king suarez
04/10/2024
11:55
Who is Keith Jordan and why should we believe he knows anything more than anyone else about what OPEC are going to do?
stemis
04/10/2024
11:51
Yes, interesting analysis - the vid is here:
king suarez
04/10/2024
11:03
Interesting video by Keith Jordan on the Portfolio Matters podcast last week. He basically says that he doesn't see oil going much higher until at least 2028. he says OPEC are just going to open the taps as they wish to head off any rally.
winnet
04/10/2024
10:02
dd2 - that's the narrative for the masses!

Most will not be aware, or care, that the two factors most contributing to the current oil price is the West having depleted their Strategic Reserves to multi decade lows during the last 3-4 years and, FED/Wall Street creating a 50 times physical COMEX Oil Futures market during a period of all time record oil production in the run up to a US election, to create an all time record net oil paper short position.......much greater than that seen at the nadir of the Covid era when oil consumption dropped by over 15m bopd.

mount teide
04/10/2024
09:43
What's more problematic is it needs two major conflicts to keep oil over $70
danieldruff2
04/10/2024
09:38
Fair point, bought into JSE on back of Blakeley having the billion dollar track record of building out O&G companies through astute M&A & deal making in Asia. Granted deals have been executed but to date as the share price shows the impact is regarded as v "underwhelming"! I can live with that but not with his Premier League compo & cuddly toys when JSE is effectively playing in the Championship (in old money Div 2). As a small fry shareholder such frustrations will no doubt fall on deaf ears.
sga64
04/10/2024
07:23
It's when he doesn't deliver is the issue, he gets paid a lot anyway. I think that's what gets up my nose. Remember Cedric "the pig", the British Gas CEO in the 1990's. He was taking huge salaries at a time when pensioners couldn't heat their homes. Theres something about equity and fairness here. We shareholders struggle, while he gets a 300k living allowance!
winnet
03/10/2024
19:22
Anyway much more important is delivery. A few hundred k is peanuts if he delivers
nigelpm
03/10/2024
19:13
Pretty normal to be honest.
nigelpm
03/10/2024
18:36
'In addition to his base salary he is getting around $300k a year in living expenses, plus performance bonus(up to 150% of salary), pension, health and life insurance cover.'

this looks like an outrageous package to me.

farrugia
03/10/2024
17:51
it does, its a terrible system, isn't it? No one ever wants to be a bottom-quartile payer!
winnet
03/10/2024
17:50
Winnet, all companies benchmark against peers to ensure they are paying the market rate - however, many companies select inappropriate peers to give the appearance of being underpaid - explains the ratchet of executive pay over the past 20 years.
wooster4
03/10/2024
15:56
PB was based in the Far East for the last circa 10 years of his employment with Talisman Energy, following which he was headhunted by Mitra Energy/Jadestone Energy.

However, his LinkedIn account has Hunters Hill, Sydney NSW as his contact base at that time.

Sounds like, while based in SE Asia with Talisman, he either already owned or bought a property in Sydney after leaving Talisman. Enabling him to use this as his actual home base when negotiating with the activist hedge funds then running Mitra, to qualify for an 'overseas allowance' with Jadestone.

AIMHO/DYOR

mount teide
03/10/2024
15:29
I once asked if he was glad to be home (UK) to see family (just post pandemic) - he replied he had no family in UK - I wonder what overseas means?
croasdalelfc
03/10/2024
13:02
winnet - it you're referring to performance targets governing vesting, then all companies either disclose them on a forward-looking (most) and failing that, a retrospective basis. I think MT is referring to annual bonuses which are often rather more opaque and subjective.
wooster4
03/10/2024
08:14
Well MT as I remember the biggest evalution criteriul was reserve growth... one of the reasons why I sold, because it's not in the benefit of shareholders and company to grow at whatever cost.... And to base bonuses on that
jeff114
03/10/2024
08:09
Isn't there a slightly negative flip side to this - it means there isn't material undisclosed information e.g. they are not just about to announce full DCQ at Akatara.
paduardo
03/10/2024
07:27
22594, good post MT.
22596, don't disagree but there should be an over riding TSR clause linked to "performance" as well IMHO.

dunderheed
03/10/2024
07:21
MT, it'll probably be because enough of the conditions of his LTIP, unrelated to the issue you notes, were met. The composition of LTIPs is not in the public domain.
winnet
03/10/2024
07:20
Good to see PB putting a decent chunk of his money into JSE!!

Now please exceed your self set expectations/guidelines!!!

Good luck!!!

ashkv
03/10/2024
06:53
Yes, and very welcome.

Although for perspective, it's 1.5% of the circa $10m+ he has trousered, including circa $2m of 'overseas allowance support' in shareholders funds in the 6 years since the London AIM IPO.

In addition to his base salary he is getting around $300k a year in living expenses, plus performance bonus(up to 150% of salary), pension, health and life insurance cover.

With the share price still 15% below the IPO price, Paul Blakeley needs to deliver big time over the next 12-18 months.


ps: why the remuneration committee thought he was worthy of $830k in performance related pay over the two years - 2021 and 2022 - the period of the Montara Venture debacle, which saw the share price commence a period of freefall, has never been explained to shareholders.

mount teide
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