Jkx Oil & Gas Share Discussion Threads

[maqsood7] 23/6/2021 23:24

Russian business is only just above break even???Are you looking at 2020 oil prices??? 20-25usd per barrel????

[sportboyslima] 23/6/2021 22:46

Thanks. Seems a bit excessive! I would apply a 30% discount not 80%. Putin will play games but at the end of the day he does not want all out conflict - and at these levels it's hardly a 20 year payback. Still if we are right and others wrong our opportunity. Ps think the outstanding tax claims don't help but they are well provided for.

[hoper2] 23/6/2021 22:38

SportsBoysLima - The profitable part of their business is in the Ukraine (seen as politically unstable) and their Russian business is only just above break even. If it was based nearly anywhere else the share price would be at least 5 times higher. That said the share price should be double what it is.

[sportboyslima] 23/6/2021 18:44

Why is the price of this so "low"?

[maqsood7] 23/6/2021 09:52

Those payments were made during last financial year.Just the breakdown of payments...

[researchcentre123] 23/6/2021 08:12

Anyone got an opinion on those govt payments? Does it mean anything much? I guess it would all be in the accounts anyway

[thordon] 22/6/2021 22:06

would be conservative and say 20 million per quarter , gas markets are set in price

[maqsood7] 22/6/2021 11:52

Agreed.Charts are really encouraging as well as fundamental.40mil mcap only??No debt!!29mil cash in bank and 2mil cash equivalents as of 31st march!!16mil to pay but 11mil to receive that leaves only 5mil to pay??!!10k plus bopd if making 30usd per bopd profit then 27mil extra cash per quarter!!Which will make our mcap below the cash money we are holding in bank?????!!!!!So this quarterly update will open everyone's eyes how undervalued we are!!

[researchcentre123] 21/6/2021 12:59

That 17000 block you then? I don't really buy into charts much, I'm more into fundamentals and on that basis whether you look at net assets or pe ratio these are ridiculously cheap, ie several times undervalued. Still if your charts say it's going up I'm not going to argue. They were doing worse in January but had a much higher share price. It seems that people look at this and say "Ukraine I don't like that" rather than "Hey this is in a safe bit of the country even if they do get invaded....and anyway war in Europe has a very small probability now as the Russians need to sell their gas to someone and more want a distraction"

[maqsood7] 21/6/2021 10:48

BTW, cup and hamdle formation here,expecting breakout anytime!!Hold tight.

[maqsood7] 21/6/2021 10:47

Got another top up.Good price 24.9p,never imagined I would be able to buy at that price.

[researchcentre123] 16/6/2021 15:15

I t usually takes them a couple of weeks after that to prepare the accounts. Anyway not long.....

[maqsood7] 16/6/2021 12:29

Two weeks away from quarter ending.

[researchcentre123] 16/6/2021 08:35

I'm not quite sure where your days for quarterly results comes from Masquood. By my calculations it's at least another month. Hopefully anyway that'll give them some time to produce a bit of oil. On the cash side there are liabilities to offset some of the cash although these are allowed for in the accounts and yes they are owed 11m by the govt, but have to figure out how to collect it. I would imagine there will be some trade off along the line - perhaps an offset against taxes or something for the 11m as that would be least painful way to pay and the govt aren't awash with cash. I can see it being a while to collect otherwise which is why they haven't added it to the accounts, but expect they'll get it. I'm long like you but think it's more helpful to take a longer term view- as things improve so will the share price, probably rather faster with a gradual change in sentiment

[maqsood7] 15/6/2021 10:40

Quarterly update within days now!!We recently had nice add up on our existing production!!Mcap is just above the cash we holding!!Multi bag potential with next update!!And still some people are selling??????Really confused. No wonder people make losses.They don't know when to buy and when to sell,lol.

[maqsood7] 14/6/2021 18:00

We are two weeks away from quarter end.And expecting pi's to take positions before that.Also news expected to receive anytime for out arbitration award of 11mil!!Got some more today and will be buying more with more cash available.Good time ahead,multi bagger if oil stays strong at around 70!!!

[suffolkjim] 14/6/2021 16:37

Maybe a significant buyer has caught on

[maqsood7] 14/6/2021 15:34

What is happening???????Lots of buys coming in all of a sudden??Ask is rising and gone to 27.50!!11mil has already came to us??

[researchcentre123] 08/6/2021 09:30

Maybe we've just got to wait for next quarterly accounts? The interesting thing about these shares is that most with such high net assets (several times market cap) are making a loss, whereas these are making a huge profit and expanding. I guess some people are scared off by Ukraine/Russia but let's say odds of invasion are 5% (I'd say much lower as would be disastrous for Russia with sanctions, negative side etc- I think the mere threat is the distraction Putin was after, and these wells are not in the disputed areas anyway).... well that warrants maybe a 5 percent discount if you think that means a 100 percent wipeout (which would be highly unlikely) Here though we've got an 80 percent discount on a company that is making money..... So it makes sense on the basis that sooner or later other investors will see the value here and come to their senses. Anyone else got an opinion here?

[researchcentre123] 07/6/2021 17:14

Any guesses on this catsick?

[catsick] 07/6/2021 10:18

Would be interesting to know from the company what it cost to drill this well and how many wells can they realistically drill into the area that they have, setting this out would show clear value ...

[researchcentre123] 07/6/2021 10:08

Well for many funds it's too small to be interesting but ironically as it gets more expensive it becomes more interesting to them. I guess that's the advantage of being a small investor.....

[suffolkjim] 07/6/2021 10:02

I feel like we've found a little gem that the market hasn't woken up to yet.