Jkx Oil & Gas Share Discussion Threads

[greenroom78] 26/11/2012 16:44

Cutting the dividend also wouldn't have gone down well with IIs. I'm buying at these levels hoping that they will reinstate it next year now high capex period has passed and loan is due to be paid off soon (December). I agree they have let investors down but when you look at management shareholdering and the fact that they haven't diluted shareholders during the drop then you can see their aim is aligned with ours and they should take some credit for this.

No promises as with any oil and gas play (and especially ex-soviet region) but if they start meeting targets I am quietly confident that this will be a good level to buy at. I've added a second amount this afternoon (3 lots in total) and that will do me for the time being.

NAI and DYOR

[salpara111] 26/11/2012 14:17

NAV doesn't really come into it.
I hold HOIL that has a NAV several times its market cap and I have a long spread bet here from 79 with March expiry.
These guys have been hit due to their repeated failure to meet their own publicly stated production targets, they were also hit by a massive hike in taxation which can hardly be blamed on management but nonetheless substantially reduces the value of the associated assets
They finally appear to be getting back on track but the market is understandably cautious. I am hoping that the next results in Feb will start to settle nerves.

[g8ta] 26/11/2012 14:01

Mkt Cap around £137m - Oriel NAV 275p

This article from May mentions a bit on shale.

[gary1966] 26/11/2012 13:24

Decided to take the plunge today having been watching these since Horneblower posted this chart on the 08.11.12, post 7166.



Hopefully this is the start of the journey up.

GLA

[brucie5] 26/11/2012 11:46

Thanks Bones.

[brucie5] 26/11/2012 11:34

Look like buyers are taking stock at the 80+ level. Anyone got level 2 here?

[greenroom78] 26/11/2012 11:21

Thanks Simon.

I've added a 2nd slice this morning and am trying to free up a bit of ISA cash for a 3rd. I'm happy buying here at and around 80p - looks far too cheap IMO.

[simon gordon] 25/11/2012 19:20

Bullish article in the FT on Ukrainian gas:

Ukraine is ripe for US gas exploration

By John Dizard

[closetinvestor] 24/11/2012 19:40

Fundamentals excellent (PE=3; P/NTAV=0.45 Interest cover > 10)
Technicals excellent - beautiful graph with price falling off smoothly and selling leveling off around the 75-80p level.

Have begun accumulating here

[brucie5] 24/11/2012 14:06

I only wish I understood what's going on here.. It's a producer as well as an explorer, used to pay a dividend and has a five year chart which begins at £5.. I can only think that once we break the 80p level we will surface quite rapidly at £1. to negotiate the 200sma. By which time we will still be lower than the 2008 low! Clearly things we don't understand.. or is that just me..? I've been buying in the late 70s.

[mgbroad] 23/11/2012 23:32

I wish i had a pound every time i look at it

[brucie5] 23/11/2012 12:22

Maybe. I remain hopeful. (Often a counter-indicator!)

[falklands] 23/11/2012 08:19

Ummm no just wobbling along 75p 80p 75p 80p this needs NEWS

[brucie5] 22/11/2012 15:11

I think the answer is yes. 81 for indication currently.

[jotoha2] 22/11/2012 15:11

Looks like it is trying very hard to

[jotoha2] 22/11/2012 12:43

Base one build, onwards up to a new future for this little gem!

[brucie5] 22/11/2012 12:09

80 is the level. Are we going there today..? Beware of course market shennanigans and the tick down. But..

[brucie5] 22/11/2012 11:05

Have doubled my holdings this morning. Compression is such that a move either way must surely be imminent? My thinking is that it's less likely to go lower, but NAI. Not without risk, clearly.

[greenroom78] 21/11/2012 13:59

NTAV and the historic price suggests it is more than possible. No shares issued since the drop from 300p, production set to increase into next year debt cleared in the next couple of months, capex intensive period finished. A lot depends on management hitting targets and rebuilding trust IMO, a reinstatement of the dividend would go a long way to do that.

Management holdings show that their intentions are aligned with shareholders though.

DYOR. I did and bought in last week at 75p, just a small stake initially but will add when funds allow and milestones are hit.

[pilky3] 20/11/2012 13:00

Hoping long term this will double.

[mgbroad] 20/11/2012 11:29

Hope your wrong just bought some today 600 quids worth including charges about half an hour ago trade 10, 746 shares

[the ballcock] 19/11/2012 15:54

u just know some shares are a waste of time - this is 1 of them