Jkx Oil & Gas Share Discussion Threads

[neo26] 29/4/2021 19:44

Yes it is because of the reasons mentioned, these ex soviet countries are dodgy.If they were trading in a decent jurisdiction i can guarantee it would be alot higher.Not worth risking it here..

[milliecusto] 29/4/2021 11:44

Should there move the oil to

[researchcentre123] 29/4/2021 09:50

By your argument neo26 shld only invest in the post office as it's safe! It's all about risk and reward. Based on comparable oil companies, this is trading at about 1/3 what it should be if you look at price earnings ratio and actual assets. I guess you could buy an oil company in US or canada to be "safe" but this has benefit of no real debt, is profitable, trading way below asset value and the threat of invasion is off anyway. As it happens even if the Russians did invade, which concensus is they won't, does that mean they'd confiscate oil wells from a company that also invests in russia? I doubt it and they won't be damaging them in a hurry either - anyway these are outside the disputed territory. Life is all about risk/reward. If you can't take the occasional dip you should invest govt bonds and get a guaranteed loss from inflation.

[researchcentre123] 29/4/2021 09:21

I thought it was just a tax liability that was cancelled, presumably while disputed listed as a provision under liabilities in the accounts which is why it was transferred to profits in last accounts? Otherwise you are saying it's a current asset? Either way I agree they really don't need cash - it seems this dispute was over- provided for in the accounts and they seem to be quite sensible management now with allowing liquidity for all problems

[maqsood7] 28/4/2021 23:50

International arbitration award will be 11.8mil!!!Coming to our way anytime.

[maqsood7] 28/4/2021 23:48

Most amusing post of the day.haha.Why would they need to raise cash?They are sitting with 28mil plus nearly 3mil of oil.And producing 3800bopd selling above 60usd per barrel. Do the maths!!If production is stable and oil stays above 60 then we will be making 20mil more than last year from revenue!!!Yes 20mil extra cash for this year than last year!!Also 11mil is coming to our way soon. Dyor.

[thordon] 28/4/2021 21:11

Your forgetting they also won a Tax case which has not been paid yet to JKX

[milliecusto] 28/4/2021 18:15

Why,no debt and every day the coffers get bigger from oil sales

[mostro] 28/4/2021 17:09

very big fall since jan!
maybe time to get in here!

[its the oxman] 28/4/2021 15:55

Why try to raise cash. Need to invest further in business or pay a div. They have the cash , no debt anymore and oil price is pretty good.

[stalker_boy] 28/4/2021 15:42

Wonder if they will have to raise funds

[its the oxman] 28/4/2021 12:29

Going better, still can't see this below 25p for too long.

[milliecusto] 28/4/2021 12:16

Agreed , now clear on the liabilities, improving oil price, expected to migrate into the 30's

[mick1909] 28/4/2021 12:00

Strong support at 20p so is a good entry point

[maqsood7] 28/4/2021 11:46

Bad news is out of the way now and market is taking it easily.No heavy selling here,instead people are buying more,because the share price was suppressed due to crisis in ukraine.Time to rerate and climb higher.

[maqsood7] 28/4/2021 11:40

Agreed.Russians were happy even 40usd oil,means extraction costs are much cheaper there.If 30usd is cost per barrel then we are looking at 30mil profit a year with oil above 60.14mil is not a big deal with cash piling in account already (28mil!!)

[researchcentre123] 28/4/2021 11:37

I guess the nature of buying below asset value or value investing is you're wrong until you are right. My view here buying in has been the business is profitable trading at a very low pe ratio after allowing for special items with close to zero debt and has a new main investor who bought in in January so he will hopefully improve things. Looks like any thoughts of an invasion have been called off (altho looks like it was more a policy to distract from internal affairs and warn Ukraine to behave itself by russia) so you're buying a good company when blood is running down the streets.....

[its the oxman] 28/4/2021 11:36

Only a small position for me so happy to wait it out. Certainly not tempted to sell near 20p. Co can easily afford the payment and oil prices are good.

[maqsood7] 28/4/2021 11:30

Last year oil was averaging 45usd,right not it is around 62usd.Nearly 15usd extra per barrel!!

[maqsood7] 28/4/2021 11:26

No payment till 2022,more time.With 3800bopd and oil at 60 plus,we might generate more than what we have to pay just within a year!!3800* 15 =57k a day profit(15usd very conservative),that brings to 20mil extra cash than last years oil prices!!

[yellowdog] 28/4/2021 11:12

They may have made provision for it but still have to pay out the cash -

[its the oxman] 28/4/2021 11:10

Yes already provided for but a hit to sentiment. Expect it to recover after initial selling. Some may throw in the towel. Buy for the brave but I've been wrong so far.

[researchcentre123] 28/4/2021 10:56

Getting hammered with latest news but it was provided for as a liability in accounts so in terms of net assets- no different. They also have the cash for a while yet. Anyone got an opinion?