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
  2.50 6.85% 39.00 1,222,394 15:51:59
Bid Price Offer Price High Price Low Price Open Price
38.00 40.00 40.00 35.00 36.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 88.94 -16.83 -7.84 180
Last Trade Time Trade Type Trade Size Trade Price Currency
16:19:07 O 2,500 39.70 GBX

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Date Time Title Posts
03/4/202021:38Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture4,008
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 36.50p.
Jadestone Energy Inc has a 4 week average price of 28p and a 12 week average price of 28p.
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 656,323 shares. The market capitalisation of Jadestone Energy Inc is £179,793,696.42.
mr. t: In Stag, Montara and Maari Paul Blake has demonstrated he buys high value assets on Jadestone's behalf at incredible prices.If he treats company money like that, I imagine he treats his own money in a similar way.Hence why I think Paul Blakeley's recent share purchases are a further sign that Jadestone's share price will perform well for investors.
croasdalelfc: Share price is back to the level of Maari announcement 18th Nov - same Mcap , yet JSE have increased production by 4500 bopd, have banked approx operating Cash flow of $70m for Maari in 2019 plus Op Cash flow of ~$70m from core assets in last 3 months - with little capex spend in that time . The market is nuts
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://
bubblingup: Jadestone Energy @JadestoneEnergy The Jadestone Energy (CVE:JSE) Share Price Is Up 206% And Shareholders Are Boasting About It… via @YahooFinance $jse $jadsf
lauders: Ticked you up for that last post MT and for the fact that it is the longest paragraph I have ever read without a full-stop! If the JSE price can keeping going without a stop it would be great too. I still want my top-up at some point though!
conundrum: Hi Mount Teide, I recently made a few small purchases of JSE in the low 70's, and hope to add some more. You mention Clarksons, presumably the shipbroker. My take on this is that anyone buying this around the millenium would have made a killing on this one. Since about 2014 the share price has been volatile but less spectacular. Congratulations on spotting it early. My only other oil stock at the moment is RRE. Which I also intend adding to. I suspect like others I have little to add to your excellent research and posts on JSE. On behalf of myself and any other appreciative lurkers on this thread, many thanks for sharing your knowledge and keep up the good work.
mount teide: I'm finding it hard to find any reason not to invest in Jadestone Energy! By Gary Newman | 'It is hard to see why the share price of Jadestone Energy (JSE) has dropped recently as there seems to be little reason for it to have done so, and on that basis it definitely deserves closer attention. Shares in this Australian and South East Asia focussed oil and gas production and exploration company are currently trading at around 49p, but have dropped back by around 10% in the past couple of weeks and are down around 20% from their peak in July, meaning that the company is now valued at around £225 million. There hasn’t really been much in the way of significant news during that period, and if anything the financial results which it published at the end of last month were good, but yet it has continued to decline on low volume. This does make me wonder if maybe there is a seller in the background, although there haven’t been any holdings notifications to that effect. Last year the company completed the acquisition of the offshore producing Montara field for $195 million, with $120 million of that coming from a reserves based lending facility, and it has already generated enough cashflow from the asset for its balance sheet to show that the net debt generated as a result of this has already been wiped out. Official transfer of operatorship is still to happen, but the recent safety case was the final hurdle that needed to be negotiated and operatorship should transfer to Jadestone soon. In addition to Montara, the company also has production from its other Australian asset, Stag, and combined production for Q2 2019 averaged 13,315bbls/d – down 8% on Q1 but up nearly 300% on Q1 2018, and the slight drop in production for this quarter was due to work, plus the weather. Guidance for the full year remains at 13,500-14,500bbls/d, with the bulk of that coming from Montara, which produced an average of 10,700bbls/d for Q2. Revenue has also been very strong, with $171.7 million generated in H1 2019, and that resulted in free cash flow of $96.4 million, and a net profit of $30.9 million. During H1 the company managed to reduce its overall debt from $86.6 million to $73.4 million, and full year capex is expected to be in the $73-88 million range. Everything points to Australia, and Montara in particular, proving to be very profitable for Jadestone for quite a few more years to come, especially with Opex down in the $21-24 range. Anyone who has taken a detailed look at the balance sheet will have noticed a provision for nearly $300 million listed under liabilities, but this relates to the eventual decommissioning of Montara and Stag, and isn’t expected to be incurred until 2032 onwards. In addition, the company also has the Nam Du and U Minh gas and oil fields in Vietnam, where a final investment decision is expected to be taken at the back end of this year, and combined 2C contingent resources currently stand at more than 31mmboe. Longer term, further upside could come from the Tho Chu block in Vietnam, which has 2C of nearly 64 million boe, but a decision on its development isn’t likely any time soon, as the development of the other assets is a priority first. There is also potential in the Phillipines at its 25% owned SC56 block, but Total, which farmed in for 75% in 2012, didn’t drill an exploration well under the terms of the agreement, and arbitration is ongoing. Previous discoveries at this block attribute 2C of 21mmboe to it. The company could also re-enter a production sharing agreement with Pertamina in Indonesia for up to 40% of the Ogan Komering block – it previously had a 50% interest in 1,500boe/d up until the PSC expired in May 2018. Given the current market cap and everything that it has going on, as well as expansion potential in the future, I’ve found it hard to find anything about the company that I don’t like, which is rare on AIM. There are of course risks relating to commodity prices, as there are with any company in this sector, but given the opex cost per barrel and the fact that the Australian oil trades at a significant premium to Brent, I wouldn’t anticipate that being a problem, other than with a complete crash in the oil market. Currently I don’t own any shares in this company, but I’m planning on changing that very soon and believe that it is one that is being overlooked by many people – it doesn’t provide the huge share price swings that many of the AIM gamblers are looking for, but looks to offer a lot of upside potential as a longer term investment.'
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.'
financethoughts: It’s plainly obvious that the share price of JSE will be choppy for the next couple of weeks, on top of the previous couple, due to the delisting of RRE. Many joint holders, many of whom have admitted to selling JSE ‘in case’ they are offered a tempting price to top up RRE, especially as many feel they missed the opportunity in RRE earlier this year. So, if RRE relists low, expect cash to stay there, if it rallies or never offers an opportunity, expect some to come back. Either way, make no mistake, JSE is potentially an RRE Mark II, and whilst it have several benefits over RRE I can see, it’s only recently net cash positive, whereas RRE has a huge cash buffer underpinning the share price I hold both, remaining bullish on both for similar reasons and also for their differences.
Jadestone Energy share price data is direct from the London Stock Exchange
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