Jkx Oil & Gas Share Discussion Threads

[its the oxman] 15/4/2021 09:15

Maybe but it's sure a steal at current price. Fxpo also in Ukraine seems to be holding up ok, perhaps small cap factor is making any nervous move much more extreme here.

[mick1909] 15/4/2021 09:04

Russian troops on Ukraine boarder is giving holders the jitters and the trend is in a downturn movement also there needs to consoldate at a certain share price before sentiment changes which in turn changes the trend or just issue a RNS stating a dividend policy would do the trick

[officerdigby] 15/4/2021 09:02

Obs Russia/Ukraine situation might scare some off. JKX

[its the oxman] 15/4/2021 08:53

Mkt cap just over 30m and with the cash held it seems crazy. What is going on? Added again, hope I dont regret this.

[jaka] 14/4/2021 16:29

I agree, said something very similar a couple of years ago. Shareholder value is a dirty word with the present board when in fact it's the infrastructure and plant they use everyday that was financed by shareholders that's paying their wages and lifestyle. They don't give a toss.

[wallywoo] 14/4/2021 15:59

This share moved massively in early 2003 from levels around here. However, they always paid a good dividend. Jkx need to get back to rewarding shareholders IMO, otherwise it will just be a casino stock.


It's the numerous board over throws, power struggles and personnel changes that has changed this culture. Directors feel insecure and are just interested in salaries rather than share bonuses. It needs a feared CEO, who has lots of Ukraine respect again.

[its the oxman] 14/4/2021 13:26

Was just trying to buy again c.21.5p but ii not giving a price and now gone better, frustrating.

[aimsurfer] 14/4/2021 13:23

:) imo mixture of Illiquid share and maybe people getting worried about production decline without deeper understanding of their assets and drilling program schedule.

[glavey] 14/4/2021 12:36

"Why is it falling?"

Gravity.

[jaka] 14/4/2021 12:32

Well that RNS didn't go down well did it? With JKX your never out of the woods. On the positive side IG are out so that overhang, up to 893K shares, has cleared and depending what news site you read war is unlikely to happen. Good news if your holding or not. www.xinhuanet.com/english/europe/2021-04/13/c_139877260.htm

[hoper2] 14/4/2021 10:47

Production dropping in the Ukraine plus tension on the Russian border. The drop does seem to be overdone because they do have plenty of cash, but it's not that much of a surprise.

[its the oxman] 14/4/2021 10:37

Wish I knew. Seems heavily overdone. Does anyone know?

[neo26] 14/4/2021 10:23

Why is it falling?

[its the oxman] 14/4/2021 10:05

Cash position improved and bodes well, production level disappointed possibly or more likely Ukraine Russia sentiment putting buyers off short term.

[its the oxman] 14/4/2021 09:00

Update has not sen5 us higher but added a few sub 24p.

[its the oxman] 09/4/2021 13:49

Q1 update later this month might help us back to 30p. Got to have something positive to say about the quarter just gone.

[jaka] 03/4/2021 16:35

The bears have it! They're walking backwards to Christmas but I don't think it's the last one!

[vk1971] 02/4/2021 19:39

i am also not impressed that there is no PR by the company, no CEO or any senior management interviews at any outlets (its a Final Report after all!), no broker notes or research reports, no updated investor presentation etc. that's pretty bad by any standard

[its the oxman] 02/4/2021 19:27

Jkx will benefit from higher prices , no debt and hopefully higher production as covid activity restraint eases. Should be good times and better if they get the payment they are owed from the govt.

[its the oxman] 02/4/2021 19:25

I thought the outlook statement was very uninspiring, no expectation to benefit from higher prices, almost an attempt to make it feel like co is making little headway. Perhaps its just me, do management have a desire to see the price drift or fall for some reason.

[vk1971] 02/4/2021 19:18

I agree with you guys. prospects here are solid, cash in bank, no debt, excellent production levels (despite the small drop from last year), very good 2P reserves base, promise of new acquisitions and expansion, increased oil prices and Ukraine gas prices (double last year's levels and continuing into spring).
So how can share price be pretty much the same as in Jan last year where they had 5% more production but still with debt, much less cash and lower prices? I am confident this will bounce from these levels and into 40s. I bought more at 26p the other day so here's hoping

[mick1909] 01/4/2021 23:11

They need to pay a dividend that'll dort the share price out

[its the oxman] 01/4/2021 20:55

Seems to be going against the flow of vast majority of oilers by nose diving to 23p. Don't get it. Are prospects so bad people want to sell at that level?

[thordon] 01/4/2021 19:43

Nope just low volume
On a PE of under 3 is a steal

Ukraine operation not effected by conflict
Russia operation not effected by conflict