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 Shares Traded Last Trade
  -1.40 -1.61% 85.60 204,935 16:35:15
Bid Price Offer Price High Price Low Price Open Price
85.00 86.00 87.00 85.50 87.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 159.40 -41.86 -9.51 397
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:38 O 8,000 85.60 GBX

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Date Time Title Posts
28/10/202114:08Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture6,446
08/2/202118:17Jadestone Energy 201829
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 Plc is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker JSE. The last closing price for Jadestone Energy was 87p.
Jadestone Energy Plc has a 4 week average price of 84.90p and a 12 week average price of 73p.
The 1 year high share price is 94p while the 1 year low share price is currently 44.50p.
There are currently 463,789,477 shares in issue and the average daily traded volume is 649,994 shares. The market capitalisation of Jadestone Energy Plc is £397,003,792.31.
mount teide: Share-price performance since Jadestone Energy listed in London on 28th September 2018 - a date which saw Brent briefly hit a 4 year high price of $84.5/bbl, following which Brent has average $54.75/bbl: +442% - Touchstone Energy +146% - Jadestone Energy +145% - Serica Energy +53% - Petrotal -21% - Savannah Energy -22% - Exxon -34% - Brent -34% - Shell -40% - BP -54% - US Oil Fund ETF(USO) -85% - I3E -86% - Premier Oil Brent $84.94 - End Sept 2018 $84.00 - Today $54.75 - Average since Sept 2018 By any objective analysis the share price performance of Jadestone Energy relative to the wider O&G market and Brent, has been outstanding since its September 2018 London listing - with the company now positioned extremely well to continue that outperformance in H2/2021 and beyond. Selecting JSE's 3yr timeframe since the London listing, provides a good 'feel' as to how the wider O&G market has managed the Covid-19 global crisis by comparison, and in particular, the unprecedented collapse in oil demand together with the waterfall drop in price that it triggered. Plus it also highlights well how much O&G equities continue to lag the recovery in the oil price. AIMHO/DYOR
croasdalelfc: Each week that passes over $80 a barrel moves the needle towards revenue hitting $350m+ for 2021 (provided they hit guidance) . It would be nice for the board to provide group production and group Opex/barrel after completion of Skua workovers (or failing that narrow year guidance). The 730k barrels between low and high guidance is worth $58m @ $80 Brent and is about 15-20% of potential yearly revenue. Quite significant.Putting 'certainty' to annual revenue via narrowed guidance or similar metrics after a 120 days drill and workover program would add 5-10p to share price imo. Uncertainty is a share price killer
zeusfurla: KS I couldn't agree more with your sentiments. I suspect PI's who look at Stockopedia or other sources see a backward looking position rather than the value being created today which will become highly visible in the next few months eg in Stockopedia 2021 estimated EPS is 1.6c growing to 16.8c in 2022. Even these figures understate reality. However, other O&G companies may look superficially more attractive. I lose no sleep over JSE and its excellent management unlike some other investments I hold. It is possible that Sandgrove are selling below the threshold which may explain a lack of upward movement in the share price in recent days as the price of oil rises - a temporary blip.
king suarez: I reckon we are currently priced at around $45 to $50 Brent at most - assuming a $20 - $25 netback at those prices. The longer oil stays around this level, and JSE share price does not go up, the bigger and bigger bargain this becomes. Is the market always this slow? 20k bopd next year at this price would be generating somewhere in the region £200m of profit after tax? Pretty soon cash in bank is going to exceed market cap.. Just checked the FY 21 accounts and depreciation was at c$16 a barrel with Opex at $23. So $83 Brent + a couple dollar premium, less $16 depreciation and say $20 Opex (if they can get it down a tad with increased production, presumably?) gives you around $50 a barrel is net profit pre-tax. 20k x 365 x $50 = $365m pre-tax Corp tax is 30%? At today's exchange rate gives not far off £200m post tax profits. AND we have over $100m net cash in the bank AND that doesn't include any production from Maari nor the cash owed on change of ownership. It is not a hard calculation to see the value is it? MT has already done the cash flow analysis, which is ginormous.. (thank you)
croasdalelfc: The CAGR of the share price is outstripping the 10% growth of the dividend. I would like divi growth to be nearer 20% as it started at a low base but on the other hand - a large cash pile for acquisitions is important as the next acquisition is likely to be a substantial Cash has also been squeezed by the large capex in H2 2021 ($90m) and production weighted to Q4 (probably 1.5m barrels) with cash from that production likely late Dec or Jan JSE is also 'owed' a cash pile from Maari acquisition which is probably $50m now and $60m by year end.I
mount teide: LNG Spot rates hit all time high of $43.47 mmBtu (equivalent to $202 Brent) 'With Chinese authorities reportedly ordering state energy enterprises to secure supply for the winter “at all costs,” ...which analysts say, will further drive up demand for natural gas and coal this winter'.........and almost certainly drive a demand switch to oil of up to one million bopd during the winter months...... .....Even at record spot LNG prices, China is set to buy more, as per the directive from authorities to ensure supply “at all costs” and avoid further blackouts and a looming slowdown in economic growth as factories close.' Asia Is Winning The Bidding War For Natural Gas Supply - OilPrice.com 'China and Asia are winning the bidding war for natural gas supplies as the northern hemisphere goes into the winter season with woefully low inventories and recovering demand after the pandemic. Just as natural gas prices surged to records in Europe and Asia, commodity-hungry China secured this week a major long-term liquefied natural gas (LNG) supply deal with top exporter Qatar. China is looking to secure additional volumes of long-term supply of gas while it is also bidding up LNG spot cargoes, together with wider Asia, leaving Europe with fewer spot supply and further exacerbating the European gas crisis. Chinese authorities are reportedly ordering state energy enterprises to secure supply for the winter “at all costs,” which, analysts say, will further drive up demand for natural gas and coal this winter. And as soon as January, China will have more LNG volumes available under a long-term 15-year deal with Qatar Petroleum. This week, Qatar Petroleum and a subsidiary of China National Offshore Oil Corporation (CNOOC) reached a long-term agreement under which Qatar will supply 3.5 million tons per year of LNG over a 15-year period starting January 2022. Since Qatar started exporting LNG to China, the Gulf nation gas delivered 715 LNG cargoes to China, of which 270 cargoes (more than 24 million tons of LNG) were delivered to CNOOC.? This week’s deal is the second major long-term LNG supply agreement between Qatar and a Chinese energy giant. In March, Qatar Petroleum signed a ten-year LNG supply deal with Chinese giant Sinopec. The Gulf country will supply China Petroleum & Chemical Corporation, or Sinopec, with 2 million tons per year of LNG, starting in January 2022. Despite the long-term deals with Qatar, China still needs a lot of LNG this winter as its economy recovers from the pandemic, and its energy emission targets have led to more gas use at the expense of coal. This year, very low gas inventory levels in Europe and low stockpiles in Asia after the unusually cold and long 2020/2021 winter—coupled with economies rebounding from COVID restrictions—are pushing gas demand high ahead of the heating season. Gas markets are tight all over the world, creating a ripple effect on the other energy commodities, coal, and crude oil. Europe’s natural gas and power prices surged again to fresh record highs on Thursday amid concerns about low supply and forecasts of lower than normal temperatures in the UK. The gas crisis in Europe is pushing Asian spot LNG prices up, but Asia is winning the bidding war so far because buyers prefer to ship LNG to Asia where the price of gas per million British thermal units is higher than the equivalent prices in Europe. “They have more purchasing power now,” an LNG broker told the Financial Times, referring to LNG buyers in Asia. “Europe has pipeline supplies and China and Japan don’t have alternatives,” the broker added. “Significant growth in gas demand post-COVID-19 in both North Asia and Europe has created competition for LNG cargoes, particularly from the US and Qatar, pushing up gas spot prices to record levels for this time of the year,” Australia-based energy advisory firm EnergyQuest said in a note on Thursday. Spot prices of LNG in Asia have just surpassed not only the records for this time of the year but the all-time high from last January. On Thursday, Asian spot LNG prices jumped to the highest on record, at $34.47 per million British thermal units (mmBtu), as assessed by S&P Global Platts. Thursday’s price broke the $32.50/mmBtu record from January 2021. According to Citigroup, LNG prices could spike to as high as $100/MMBtu if particularly frigid winter weather combines with the tight markets that have sent natural gas prices surging. “Strong demand and a lack of supply response have sharply tightened the market. Any surprise demand surge or supply disruptions could propel price further upward,” the investment bank said in a note last week. Even at record spot LNG prices, China is set to buy more, as per the directive from authorities to ensure supply “at all costs” and avoid further blackouts and a looming slowdown in economic growth as factories close. The Chinese order for securing supply “suggests that already very elevated LNG and thermal coal prices could be further bid up by Chinese buying,” ING strategists Warren Patterson and Wenyu Yao said on Friday. “If we do see strong Chinese buying, it will put further pressure on the European natural gas market,” they noted. '
mount teide: Record LNG prices could see a major transition to oil in Q4/2021. Citi: Very Cold Winter Could Send LNG Prices To $100/MMBtu - Oilprice.com This is equivalent to a circa $600 Brent price 'The price of liquefied natural gas (LNG) could jump to as high as $100 per million British thermal units (MMBtu) if particularly frigid winter weather combines with the tight markets that have sent natural gas prices surging, Citigroup said on Thursday. “Global natural gas prices could continue to go parabolic in the coming weeks and months,” Citi analysts wrote in a note carried by Bloomberg. “Strong demand and a lack of supply response have sharply tightened the market. Any surprise demand surge or supply disruptions could propel price further upward,” the investment bank notes. LNG prices for November delivery to Asia are currently at around $25/MMBtu—a record high for this time of the year. In Europe, the surge in gas prices by 280 percent so far this year has also pushed the European benchmark at the TTF hub to some $25/MMBtu ($150 Brent). In its note, Citi more than doubled its base cases for the average prices for Asia’s JKM price of LNG and for the TTF European benchmark in the fourth quarter. The new base case for Asia’s gas price is now $28.80/MMBtu for the fourth quarter, up from the previous $13.90/MMBtu. Citi’s new base case for the European benchmark price is $27.70/MMBtu, up from $12.90/MMBtu. The U.S. natural gas benchmark, the Henry Hub, will average $6/MMBtu in the fourth quarter, according to Citi’s new base case, compared to $3.90/MMBtu in the previous base case. Citi’s new estimates for Q4 are slightly higher than the current prices of gas and LNG in all three regions. However, in case of a severely cold winter, prices could spike and LNG cargoes could trade for $100/MMBtu at times, according to the bank. Citi, like other analysts and OPEC, believes that the surge in natural gas prices will boost demand for other fuels as utilities would look to switch to alternatives. The ripple effect of this gas-to-other fuels-switch is likely to be wider than initial forecasts had it, according to Citi. '
lazarus2010: O/T DYOR check out EME, transformational news is out and the share price has thus far failed to react. There is a Broker's Note from Cenkos giving guidance in the success case. They have just booked a rig to drill their first offshore well 'Jade' in the South Chins Sea, upside is 395mm bbls of which they will get 49% after CNOOC pay their costs and get 51% . 2 further well Topaz and Pearly, each bigger than the other, potential for 1bln bbls if all 3 succeed. This would take the share price into the £££s from pennies. The CEO owns 88,888,888 shares so has all his skin in the game. Very strong board also shareholders. Also have a working interest in a gas find offshore Indonesia which is going through the GSA and final PoD PiD stages, original plan was to sell once in place but looking likely they will hold on to their 8.5% share until it gets closer to actual production and try and maximise their sale price. Estimates are that it is worth $35mln++ at current gas prices 'in the ground' NIAI DYOR AIMHO
mount teide: FB - JSE's London IPO date was also the date of the highest Brent price in 7 years! So, while the date may have been 'meaningful' to JSE, you should bear in mind it proved the worst date in 7 years for JSE to list relative to the oil price. Consequently, the date is a very useful industry benchmark to analyse how JSE performed relative to the rest of the O&G sector in a rapidly falling oil price market, that bottomed at an all time low some 90% down just 18 months later. The results speak for themselves - the overwhelming majority of the market is still 30-60% down, very much in line with the average fall in the price of Brent since Jadestone's IPO date. Ps - like many, I tend to use performance comparison dates when I bought the overwhelming majority of my holdings; which was at the IPO date/price for Jadestone in 2018 and summer 2017 for Touchstone( which peaked earlier this year 24 times up from its IPO price - so is also very hard done by using JSE's IPO date).
sporazene2: the JSE share price has been solid through the pull back at the end of the last week and early this week. The weekly chart is looking in pretty good shape and I posted my thoughts on this on twitter just now. Certainly points towards patience being rewarded https://twitter.com/sporazene2/status/1417797359099121664 Given the malaysia acquisition is progressing well, it would not surprise me for them to announce another 5-10K acquisition in the not too distant future. GLA
Jadestone Energy share price data is direct from the London Stock Exchange
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