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
  1.50 2.4% 64.00 178,025 15:56:33
Bid Price Offer Price High Price Low Price Open Price
63.00 65.00 64.00 62.50 62.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 245.37 55.26 6.79 9.8 295
Last Trade Time Trade Type Trade Size Trade Price Currency
17:06:34 O 20,000 64.00 GBX

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Date Time Title Posts
17/4/202114:48Jadestone Energy (JSE) - ex Talisman Energy Team's New Venture5,514
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 (JSE) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-04-16 16:06:3464.0020,00012,800.00O
2021-04-16 15:26:4765.001,500975.00O
2021-04-16 15:13:2865.00751488.15O
2021-04-16 15:09:0864.953,0791,999.81O
2021-04-16 14:58:5564.9520,00012,990.00O
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Jadestone Energy (JSE) Top Chat Posts

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 62.50p.
Jadestone Energy Inc has a 4 week average price of 58p and a 12 week average price of 58p.
The 1 year high share price is 80p while the 1 year low share price is currently 32.50p.
There are currently 461,009,478 shares in issue and the average daily traded volume is 604,639 shares. The market capitalisation of Jadestone Energy Inc is £295,046,065.92.
donald pond: Share price here back to start of year, after a quarter where XLE was up around 30%, so JSE should be at around 80p just to reflect the sector move. It's frustrating but surely news and a rerate are around the corner
king suarez: We all know this is a bargain at these levels with net cash on the balance sheet, low costs, high cash flow and production uplift(s) to come, not to mention potential acquisitions and the track record of picking up highly accretive assets for peanuts. This is just silly market sentiment. Oil = BAD. JSE = OIL = SELL and lower share price durrrr.. daft.
otemple3: Happy with everything apart from the share price! Felt that way about CAPD for ages but finally moving. JSE will get there, just short termers getting board
spangle93: I can't remember this being mentioned here before, but there's also a revised Maari CPR on JSE's website hTTps:// Not that many companies publish CPR's outwith Admission or Raising documents, so it's good of JSE to consider that shareholders are intelligent enough to make sense of it, unlike other companies that decide to filter the CPR highlights so you can't figure out the principles on which they are based, not mentioning PANR by name of course. ;-) However, as far as I can tell from a first read, it's a pretty similar story to the general 51-101 report for Stag and Montara, i.e. time passed and production happened. In the acquisition document, 2P reserves net to JSE were 13.9 MMbbl, effective 1-Jan-19. In the report above, 2P Reserves are now 10.6 MMbbl net, effective 1-Jan-21. Much of the difference will be due to production of oil in the intervening period, though unhelpfully there's no reconciliation table as there is in the 51-101 to show how they get from one to the other. Oil price assumptions are similar in both reports
mount teide: Buffy..........relative to investment risk......I see JSE as my O&G sector banker.....its an ultra high cash flow/bbl production business at $65 Brent, run by an outstanding management who have demonstrated to the sector for well over two decades they're virtually peerless at generating capital growth as specialist second phase O&G field acquirers, operators and developers. I have seven figures holdings in TXP, JSE, SAVE and PTAL. If forced to hold only one for the next 5 years - it would be JSE, since i believe it would offer, for my risk appetite, the best combination of low risk upside potential and outstanding downside protection for a single all-in O&G sector holding. In 2020, the JSE management demonstrated what they can do in an oil market with record low prices - at $65 Brent, inclusive of the IMO 2020 premium, JSE generates cash flow per barrel equivalent to what much of the O&G industry were generating when Brent was averaging over $100/bbl between 2010-2014. With production being ramped up during 2021, and a year end production exit rate of perhaps 17-18,000 bopd(assuming Maari completes as expected); a "high $teen/bbl OPEX during Q4/2021", at the current Brent price, this could generate another huge step change increase in the current excellent cash generation going into 2022. In addition, it was clear that the next acquisition is very likely to be a producing asset ....Paul sounded very bullish on this yesterday... "little competition, many sellers ... a buyers market!". So, JSE could well be a 20,000+ bopd producer in 2022 with sub $20/bbl OPEX,- such a production growth scenario could potentially generate cash flows of circa $400m per annum at $65 Brent(plus IMO 2020 Premiums) and $600m at $100 Brent. While the other O&G holdings may well have the potential to achieve a better capital growth performance than JSE over the next 3-4 years, I consider JSE's risk reward to be superior, particularly when considering the excellent downside protection, which today, despite its importance proving the test of time over at least 70 years of stock market history, and which proved invaluable for JSE in 2020, seems to be given a much lower investment case weighting by many PI's than it deserves, if many of the comments on Advfn are a reliable guide. What the two high performing hedge funds(and I suspect many PI's) want is for Paul Blakeley and his team to continue replicating at Jadestone, what they did outstandingly successfully at Talisman Energy North Sea and SE Asia. ie use the same low risk O&G business MO of buying and operating efficiently, high quality assets with excellent re-investment potential, acquired at valuations which meet or exceed their demanding screening process. As Edgar Bergen (and Warren Buffett) so aptly said, “Hard work never killed anyone, but why take the risk”. AIMHO/DYOR ps; if the question was; "which has the greatest potential for capital growth over a 1-2 year outlook regardless of risk to the investment capital": then SAVE, which like JSE is a very high cash flow generating business with near 80% operating margins and more than 94% of its revenues underwritten by the World Bank, and currently the subject of very strong interest from new investors would have been my selection. Declaration - I hold 2.2m in SAVE, 90% of which were purchased at an average of circa 9.0p in December 2020, following the announcement in Lloyds List that the African continent's first mega shipping port and industrial city to challenge the dominance of the Chinese and SE Asian giants, had received Government approval and would be built in SAVE's back garden, where they're the sole provider of nat gas for clean energy generation, to the three hugely under-utilised power stations which service the province and, own the associated 260km network of gas pipeline infrastructure.
sga64: I think you hit "nail on head", Maari deal drags on waiting for NZ Gov approval, no fault of JSE, is beyond their control, but not helpful to share price News of a deal/deals is why I sit here patiently and wait, they will come & when they do share price is on the up again & if one is not holding JSE now could miss a significant readjust of share price. And while we sit and wait we now have the extra bonus of an annual divi!
croasdalelfc: Share price should be over 80p given the increase in poo and the pay down on debt and cash build. Compare the EV with the EV in Feb last year .Imo the drawn out Maari completion and slightly reduced production from 12 months ago is weighing on the share price Needs a full guidance as to the 12 month plan - capex and production etc then we might see a rise into the 80s
mount teide: sp100 - its all 2020 JSE has hugely out performed the O&G market, including all the majors, recovering strongly to be much closer to its pre Covid19 high than the overwhelming majority of the oil industry; Change since pre Covid High -23% JSE -33% Shell -34% Exxon -40% BP -50% Enquest -80% Premier TXP has totally outperformed the market with daylight second as a result of its stunning success with the drill bit ..... without the Ortoire success, based on the performance of the legacy oil business, TXP's share price would probably now be close to or below the 7.25p IPO price. I intend to hold all my existing O&G positions for at least 3 years - the analysis below supports why that may be a very sound decision. The Oil Industry Is In Dire Need Of Investment - hTTps://
mount teide: Spot LNG pricing in SE Asia hit an all-time record today reaching a stratospheric $24 MMBtu (Equivalent to $151/bbl Brent), jumping over 10 fold since hitting a record low during the Covid peak in April. Japan's Jera bought a cargo on 6 January for delivery either in the second-half January or first-half February at $24 MMBtu, Further gains are expected in the near term. Some traders suggest that first-half February pricing could easily test the $30 MMBtu level, especially as Japan's power prices have soared on stronger-than-expected electricity demand for heating purposes because of colder-than-expected weather. Wholesale electricity prices in Japan hit an all-time high of ¥99.9/kWh on 7 January, more than seven times the average price of ¥13.93/kWh in December. A 'perfect storm' of strong consumer demand, lower-than-expected temperatures across northeast Asia and a severe shortage of prompt LNG supplies and spot tanker availability has combined to send northeast Asian spot LNG prices to record levels, just nine months after hitting record lows. This should concentrate the minds of the Energy Ministry in Vietnam, currently negotiating with Jadestone Energy for the supply of Nat Gas from Jadestone's SE Vietnam Nat Gas assets under a long term deal. LNG prices hit record as cargo shortage amplifies cold weather effect - FT 'Liquefied natural gas prices have jumped to their highest level on record as a severe cold snap in Asia boosts demand at a time when cargoes of the super-chilled fuel are hard to come by. Spot prices in Asia reached a record level of $20.705 MMBtu (Since beaten by other cargoes up to $24 MMBtu) on Thursday, according to an assessment of daily trading by S&P Global Platts, as traders and buyers in South Korea, Japan and China scrambled to secure supplies. That is more than a fourfold increase on where prices were trading in September. The market is generally stronger in winter as demand rises, but the size of the leap has still caught out some market participants. “What has triggered the rally is colder than normal weather in Asia and Europe and a complete lack of availability of LNG tankers while supply outages have really tightened up the market,” said Samer ;Mosis at S&P Global Platts. An unusually large number of cargoes have been heading to Asia from the US, tightening the availability of LNG tankers. Delays at the Panama Canal have also added at least two weeks to the round trip from the US Gulf Coast, while supplies from Qatar and Malaysia have been lower. Electricity and heating demand in Japan, one of the world’s largest importers of LNG, is even higher than during a normal cold spell because of a campaign to open windows to help combat spreading coronavirus indoors. “These spot prices may not last beyond March,” Mr Mosis added. “But it’s been a reminder that securing an additional spot cargo in the dead of winter can quickly become very expensive and is not always straightforward, especially if freight is not available.” LNG is one of the world’s fastest growing fuel sources as large Asian economies see it as a route to cutting their reliance on more highly polluting coal at a time when climate change has risen up the political agenda. South Korea’s state-run utility Kogas said that while it buys 70 per cent of its LNG supply through long-term contracts it needs to access the remainder in the spot market regardless of price. “We still have enough inventories. But demand for LNG is bound to increase further, given the government policy to reduce coal power,” Kogas said. “If we face supply shortages due to the cold winter, we will have to buy more on the spot market to match demand, even if prices are high.” The rally in prices has provided some short-term relief for US LNG suppliers. But the market is still forecast to be in surplus around the middle of this decade as LNG projects commissioned before the pandemic come on stream. Traders said growing demand and the recovery from the coronavirus pandemic meant prices are expected to average higher in the next two to four years until those projects start up. For the UK high prices will add to pressures in the country’s energy system, which relied on LNG imports to meet more than a quarter of gas supplies last winter, at a time when excess supplies were being dumped into Europe where there is plentiful import and storage capacity.'
mount teide: Commodity Equities / Margin of Safety - 2020, The once in a 100 year Commodity Sector Entry point! hTTps:// 'A colleague, Lucas White, put out another interesting paper on one of the biggest opportunities they see in the market right now – the commodity sector. More specifically, the equities of commodity producers. So what’s the story? The great thing about commodities is that they may be one of the most cyclical markets on the planet, which means they follow predictable patterns. That doesn’t mean they are easy to time (no market is), but it can often be quite obvious when the participants are either overly gloomy or over-excited. Why the cyclicality? I’ve run through this before, but here’s what happens. Commodity producers dig stuff up and sell it. If there isn’t enough stuff, the price goes up. The producers get excited and try to find more so they can sell more. As the producers dig more stuff up, more supply hits the market, and the price goes down. When the price is at rock bottom, half of the producers have gone bust and the rest are too scared to do anything more than dig away at the little holes they’ve already dug. Supply goes down. Prices go up. It takes ages for the scarred producers to react. Prices keep going up. Producers get a glimmer of hope and start exploring again. And thus the cycle begins anew. And most of the time, the clues are in the price. Resources shares haven’t been this cheap in nearly a century Now, among other things, we’ve just seen most commodities fall to where they were at their last major lows – near the start of 2016, which was also a great buying opportunity – and the price of oil collapse to the point where one benchmark actually turned negative. So where are we now? GMO points out that resources stocks tend to trade at a discount to the wider market (judging by the US S&P 500 index) anyway (an average discount of about 28%). So we shouldn’t be fooled into thinking these stocks are cheap just because they look cheap relative to the rest of the market – they usually are. However, by the end of the first quarter of 2020, the discount had widened to “almost 80%” – very cheap indeed. In fact, it hasn’t been seen before, with nearly a century’s worth of data to draw on. In the long run we may have all of our energy needs produced by solar power and all our construction needs produced by solar-powered nano bots converting worthless raw matter into anything they want. But not in the next decade. So pricing the sector for near extinction seems drastic, even for a forward-looking market. As GMO puts it: “the global economy couldn’t function without extractive industries. Furthermore, the world can’t transition from fossil fuels to clean energy without the materials that clean energy relies upon”. What makes these stocks attractive now? Well, we’ve been in a bear market. So producers have grown miserly in terms of their spending. A combination of capital discipline and improving prices for their products would be very good news for share prices. But even if commodity prices don’t rise, the sector looks cheap. As the GMO team says: “resource companies have had a rough go of it in recent years, but at these valuations, investors have a large margin of safety even with very conservative assumptions… we believe this will likely end up being an excellent entry point for long-term investors.” Now that was a month ago, and prices have moved up since then – but only enough to suggest that GMO was onto something. I’d suggest that there’s still plenty of opportunity to get on board. Particularly if inflation really does take off after all this.' Moneyweek
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