Share Name Share Symbol Market Type Share ISIN Share Description
Jadestone Energy Inc LSE:JSE London Ordinary Share CA46989Q1000 COM SHS NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -1.00 -1.79% 55.00 1,874,087 14:22:36
Bid Price Offer Price High Price Low Price Open Price
54.00 56.00 56.50 54.50 56.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 245.37 55.26 6.79 7.8 254
Last Trade Time Trade Type Trade Size Trade Price Currency
16:29:24 O 253,987 56.00 GBX

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Date Time Title Posts
22/9/202009:51Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture4,667
27/3/202015:24Jadestone Energy 201828
08/11/201808:39Still time to look at Jadestone Energy (JSE)-
23/9/200922:47JSE, A Neglected Gem46
15/9/200217:20Jo'burg prices8

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Jadestone Energy Daily Update: Jadestone Energy Inc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 56p.
Jadestone Energy Inc has a 4 week average price of 52.70p and a 12 week average price of 52.70p.
The 1 year high share price is 94p while the 1 year low share price is currently 28p.
There are currently 461,009,478 shares in issue and the average daily traded volume is 804,211 shares. The market capitalisation of Jadestone Energy Inc is £253,555,212.90.
thedudie: Think this looks like the share price has just about turned the corner after a period of consolidation with large chunks of stock going back and forth. I am a bit surprised the big trades didn't result in a notification or two. I bought a further few on Thursday.
malkiel: Here’s How Oil Could Skyrocket By 138% hTTps:// Should do wonders for the JSE share price if it happens.
king suarez: Meteors - good. I can sleep easy only having caused minmal offence ;) You've picked a good company, for similar reasons as I. I said what I said, because I think it really does help to understand investing basics - share price, market cap, bit of ratio analysis etc. For example, you state: "the simple fact that as a company expands so does the share price." That is not a fact. Market cap can increase and the share price can go in the opposite direction if more shares are issued (equity placings etc). That should not happen here as the company has ample net cash, but some companies issues shares like confetti and the market cap may grow with progress, but shareholders see no/negative return...
meteors: yeah no worries only minimal offence taken Suarez ;) i dabble small amounts for fun, several thousands so its not life changing or too risky for me, i looked up the company when they first jumped onto LSE and were the first company i invested on LSE. I invested into JSE for several reasons; because I liked their ethos, their strategy to buy from the majors discarded assets, and the fact that it worked from Paul's previous venture into the north sea making him highly successful. Taking the same model and applying to SE Asia pacific seems to me also a great idea, especially when taking into consideration the fastest growing countries CHINA (set to overtake USA GDP) & Vietnam amongst others. i like Paul, he comes off like a genuine CEO who cares for the business. Knowing the fundamentals of how the stock market operates exactly will come in time, but at that time i knew the simple fact that as a company expands so does the share price. (thanks for the reading)
meteors: i shall ask an uneducated question here... supposing JSE become (like in the instance of P.B's previous company) a £1billion company, Is it therefore possible to distinguish a share price? What could that share price be or are there too many others factors in play to give an accurate correlation. bare in mind this is clearly comping from someone with very little understanding of the stock market and how it fully operates. Thanks
henley2: The most boring oil stock on the market. Oil price +5%, JSE share price flat as a pancake!
mount teide: The Jadestone Energy share price could go lower but it has the strength to ride out low oil prices - buy.........Gary Newman...Today 'Currently a lot of private investors seem to be looking around the oil and gas sector for the most bombed out stocks that they can find, in the belief that these will offer the most upside on commodity prices eventually recovering. The big problem with that though is that if commodity prices do stay fairly low for a prolonged period of time, as seems likely given expected demand levels even when things do start to recover plus the huge amount of oil sat in storage currently, then some of these companies may never actually recover... I can see why it is tempting to buy some of the producers that have been hit hardest, as on the last big oil price drop a few years ago these tended to be the shares that bounced back the most, but this time around I’m not convinced that we will see prices recover quite so quickly, and those with high levels of debt and reliant on much higher oil prices, could find themselves in real trouble. It makes far more sense to me to pick out a company that looks strong enough to weather the storm and which had been performing well prior to the arrival of Covid-19, and Jadestone Energy (JSE) is one of the few that fits the bill and which I would consider buying as a longer term investment at the moment. With a current share price of around 48p giving a market cap of £220 million, and having 'only' seen its share price halve since the highs that it hit at the start of the year, some will argue about it being cheap. But I would counter, pointing out that its production is strong and set to increase, hedging is decent, it has plenty of cash in the bank, has cut its Capex costs and despite the current situation is still confident of paying a maiden dividend this year. Currently production comes from its fields in Australia - Montara and Stag - and they achieved a combined average of over 13,500bopd in 2019, more than triple the previous year. In addition to those assets, the company acquired a 69% stake in the Maari offshore project in New Zealand in late 2019 for $50 million, which equated to a price of $3.61/barrel of 2P reserves – the company effectively took over the field from January 1 2019, in economic terms, but approval by the government for the completion of the deal isn’t expected until later this year. It may be that asset now takes slightly longer to pay back the investment than originally anticipated - payback had been forecast in less than 12 months - but it still seems like a decent deal. As at the end of March the company had nearly $110 million in the bank, with net cash of over $72 million, and as part of its measures to conserve that it recently announced that it would be cutting back on capex and delaying some of its drilling, none of which was mandatory. That makes good sense to me as there seems little point in investing that money now and producing more oil at a time when prices are very low. As a result of that, it has cut Capex for 2020 by around 80% to $30-35 million, of which over $15 million had already been spent during Q1. That will have some impact though on production for the coming year, as that work had included infill drilling in Australia to maintain existing levels of output, and it will now mean that it is expecting to produce 12,000-14,000bopd. But in 2021, with the addition of Maari once that deal completes, that is expected to grow by circa 25%. Reserves remain strong, with 41.8mmbbls of 2P reserves in the Australian assets at the end of last year, rising to 54mmbbls once you include Maari. Elsewhere, it has gas fields in Vietnam at Nam Du and U Minh which were due to be developed and $90 million of capex had been ear-marked for this, but it wouldn’t have produced any revenue until late 2021. So that has now been put on hold, plus the company is still awaiting approval of its field development plan there anyway. In terms of its hedging, the company is also in a decent position with around a third hedged at an average of $68.45/barrel through to the end of September. Aside from that, the company has managed to reduce operating costs to around $20/barrel, or around $27/barrel when you take into account its other costs. Obviously oil prices are currently very low with Brent at around $28/barrel, and having been below $20/barrel briefly, but it is also worth remembering that the type of oil produced from Jadestone’s fields has been generating a substantial premium to Brent – Stag managed $21/barrel and Montara $7.6/barrel premiums in early March (Brent would have been trading at around $40/barrel at the time the company announced this). There’s not much point dwelling on the past financial performance as things are now very different to where they were in 2019, but last year the company did manage to generate revenue of $325 million, with a $73 million pre-tax profit and net operating cash flows of $177 million – once you strip out debt repayments plus the acquisition that falls to around $23 million, but has substantially improved both the balance sheet and future production as a result. Despite the recent falls in oil price, the company is still planning to pay out a maiden dividend this year and, although the exact amount is yet to be finalised, previous suggestions point to it being a decent yield. In terms of the balance sheet, there is nothing which really concerns me as by far the biggest liability on there is future decommissioning, but that isn’t expected to occur until 2033 for Montara and 2036 for Stag. Overall, I certainly wouldn’t bet against the share price falling lower, especially if the oil price and/or the markets in general take a tumble, but from these levels I can see plenty of upside once the oil market recovers, as it always seems to do after the bottom of the cycle, and often quite spectacularly if the past is anything to go by. You don't need to buy in right at the bottom, just at a price which offers value and a good chance of a profit in the future.'
mount teide: jeansy - Warren Buffet famously said "The market timer's Hall of Fame has got no one in it!" You can only buy value and wait for the management, market and time to work their magic. Warren's first ever equity investment as a teenager saw the share-price of the stock fall over 30% during the next three months, despite no change in the fundamentals of what he considered was a value stock. At which point he said he was very close to selling to avoid the loss of more of his investment funds, when the share price finally stabilised and slowly turned North. Within a month it was back to his break even price at which point young Warren sold, delighted to have got his money back, only to watch the share price go on to triple over the next 12 months. He said it was an investment experience he never forgot - trust your research judgement and the management until the fundamentals/investment case suggests otherwise.
lauders: From a link on JSE's Twitter page from 25th January that I only just noticed: Elsewhere, the other big projects in the region expected to get investment approval include Repsol’s Kali Berau Dalam (KBD) in Indonesia, Petronas’s Kelidang Cluster in Brunei, as well as Jadestone Energy’s U Ming and Nam Du scheme in Vietnam, Andrew Harwood, Asia Pacific research director at Wood Mackenzie, told Energy Voice. Https:// There is also another mention of JSE's Vietnamese project in the article. When the update comes on the project I am hoping that we will return to the recent highs or at least the current share price will mark the new lows before a retrace begins. Happy to have bought all my holding at levels lower than the recent Shares Magazine tip posted by homebrewruss (post #3026) not so long ago. 'Jadestone Energy (JSE:AIM) 83p BUY' You have to respect this part from the link below too: “It was important for the company and our shareholders to pursue our legal rights to a successful conclusion. With the satisfactory resolution of this matter, we can now refocus on our strategy to deliver exceptional value to shareholders, through investment in producing assets and discoveries which can be quickly developed for early cash flow,” Blakeley said. Https://
mount teide: US Shale Industry - Investors and financiers stampede for the exit doors as negative cash flow quadruples across a basket of shale oil drillers compared to last year and access to capital is largely closed off for small and medium sized companies - speculative positioning from traders is now at its lowest level since March 2013 It was a rough week for the U.S. shale industry - Oil Price 'A series of earnings reports came out in recent days, and while some drillers beat expectations, there were some huge misses as well. Concho Resources, for instance, saw its share price tumble 22% when it disclosed several problems at once. Profits fell by 25% despite production increases. Concho conceded that it would slash spending and slow the pace of drilling in H2/2019. It also said that one of its projects where it tried to densely pack wells together, which it called “Dominator,221; the results were not as good as they had hoped. The project had 23 wells, but production disappointed. The “30 and 60 day production rates were consistent with our other projects in that area, but the performance has declined,” Leach said. So, the company will abandon the densely packed well strategy and move forward with wider spacing. In the second quarter the company had 26 rigs in operation, but that has since fallen to 18. At the start of the year, the company had 33 active rigs. “We made the decision to adjust our drilling and completion schedule in the second half of the year to slow down and not chase incremental production at the expense of capital discipline,” Concho’s CEO Tim Leach told analysts on an earnings call. He said the company’s aiming for “a free cash flow inflection in 2020.” The company reported a net loss of $792 million for the first six months of 2019. As Liam Denning put it in Bloomberg Opinion: “It’s sobering to think that Concho, valued at more than $23 billion in the spring of 2018 and having since absorbed the $7.6 billion purchase of RSP Permian Inc., now sports a market cap of less than $16 billion.” The reason these results are important is because they may not be one-off problems for individual companies, but are more likely indicative of the problems plaguing the whole sector. “There is little doubt this is a big event for the sector and a brake of this nature will create lasting impact,” Evercore analyst Stephen Richardson wrote in a note, referring to Concho’s poor results. “How companies still, after all the years we have wailed and gnashed our teeth, manage to over-promise and under-deliver, remains an infuriating mystery,” Paul Sankey wrote in a note for Mizuho Securities USA LLC. Whiting Petroleum had an even worse week. Its stock melted down on Thursday, falling by 38% after reporting a surprise quarterly loss that badly missed estimates. The company announced that it would cut its workforce by a third. According to the Wall Street Journal and Wood Mackenzie, a basket of 7 shale drillers posted a combined $1.58 billion in negative cash flow in the first quarter, four times worse than the same period a year earlier. While the results, in many cases, were bad, the declines in share prices were hugely amplified by the announcement of new tariffs on China, which caused a broad selloff not just in the energy sector, but for equities of all types. Here is a sampling of how the share prices of some oil companies fared on Thursday: Whiting Petroleum -38 percent Concho Resources -22 percent Pioneer Natural Resources -7.5 percent EOG Resources -5.5 percent Devon Energy -6.8 percent Continental Resources -7.8 percent Royal Dutch Shell -6.1 percent Chevron -2 percent SM Energy -9.0 percent But the poor quarterly performances were true before President Trump took to twitter. Even with oil down and stocks perhaps looking cheap, “it’s hard to call it a contrarian opportunity right now,” Matt Maley, chief market strategist at Miller Tabak, told CNBC. “This group has really been dead money most of this year.” Investors are clearly souring on the sector. As Bloomberg notes, speculative positioning from traders fell to the lowest level since March 2013, a sign of “investor apathy” towards crude oil and energy stocks. While shale E&Ps languish, the oil majors are not slowing down. Exxon said that its oil production rose by 7%, driven by the Permian. In fact, its production from the Permian rose 90% in the second quarter from a year earlier. Earnings dropped by 21%, however, and the company cited lower prices and poor downstream margins. But the majors aggressive bet on U.S. shale is a sign of the times. Small and medium drillers are getting hammered and seeing their access to capital close off, which is forcing budget cutbacks and otherwise leading to steep selloffs in their share prices. The majors, on the other hand, are only in the early stages of a multi-year bet on shale. They can stomach losses on individual shale projects for years, scaling up while they earn profits elsewhere. So, despite the widespread financial losses for the shale sector, it’s not clear that production is set to grind to a halt.'
Jadestone Energy share price data is direct from the London Stock Exchange
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