Jkx Oil & Gas Share Discussion Threads

[jaka] 03/11/2021 15:18

Option 2, the worst option but not for the CEO. Read somewhere he was on 600K a year. They can go to hell in a hand cart.

[sos100] 03/11/2021 15:18

why are they doing this now?
another qtr and the share price would have been much higher..

[hoper2] 03/11/2021 15:06

That's what happens when we invest in Ukrainian companies. A complete and utter rip off. I've done well out of JKX, but this absolutely stinks.

[mick1909] 03/11/2021 15:05

Cant sell any

[s34icknote] 03/11/2021 15:01

Or go private and delist !! Option !!

[jaka] 02/11/2021 16:47

The options are;1. Stay as it is, nothing changes.2. Privatise, a share buy back.3. A dividend.4. A cash dividend.5. Corporate action, either a take over or a reverse take over. Speculative UNB.It's anyone's guess but we do know that the CEO isn't that keen on the governance of a full listing and understands why some companies privatise.

[itsriskythat] 02/11/2021 15:21

Buy back the JKX free float. Substantial holders may want to sell part of their holdings in a tender offer for shares. Same as a buyback.

[researchcentre123] 02/11/2021 15:13

Not sure about a buy back as the float is small. Dividends might be more likely unless some major holders want to reduce their holdings, which seems unlikely

[itsriskythat] 02/11/2021 14:50

Substantial share price increase or a share buyback

Thordon says on LSE that "The real share price value will settle once dividends are restarted."

Dividends are possible but so is a share buyback. The enterprise value of JKX, which is market capitalisation plus provisions for rental fees minus cash, could turn negative before long. If that occurred JKX could buyback all its shares in issue and satisfy future rental fee claims and be cash positive and free of provisions as a private business.

You don't have to believe that the current gas price in Ukraine of $935 / Mcm is sustainable for this to happen, only that the gas prices being paid by Moldova and Bulgaria on new contracts signed with Gazprom are setting a new baseline for the future gas prices this winter season. The Gazprom prices agreed are $535 / Mcm and $450 / Mcm. These compare to a gas price $431 / Mcm realised by JKX in Q3. In effect the recent Q3 price is going to be the baseline this winter.

Calculation of JKX baseline cashflows in Q4 and Q1 says that sometime in the New Year the enterprise value of JKX will turn negative unless the share price appreciates substantially.

[jaka] 01/11/2021 17:45

11/01/2021Finance Director of JKX and PPC Dmitry Poddubny took 11/01/2021Finance Director of JKX and PPC Dmitry Poddubny took part in the VII Ukrainian Gas Forum?October 27, Kiev - the VII Ukrainian Gas Forum - Eastern European Hub took place.Financial Director of JKX and JV PPC Dmitry Poddubny took part in the discussion of Panel II - Prospects for oil and gas production in Ukraine and the Black Sea region.The CFO named the key steps to increase gas production in Ukraine:Continued rental rate of 6/12% for all wells, incl. and sidetracks by 2030;Involvement of the private sector in large-scale projects through the conclusion of the PEC;"The positive dynamics of PPC production indicators since 2018 is a vivid example of the effectiveness of incentive taxation. We expect a government approach to support the private gas production sector: compliance with the guarantees provided and ensuring transparent rules of the game in the market , "Dmitry Poddubny stressed.The production of JV PPC for 9 months is 147.9 million m3 of natural gas and 37.4 thousand tons of oil and condensate. The company paid UAH 415.6 million in rent to the state budget of Ukraine.art in theFinance Director of JKX and PPC Dmitry Poddubny took part in the VII Ukrainian Gas Forum?October 27, Kiev - the VII Ukrainian Gas Forum - Eastern European Hub took place.Financial Director of JKX and JV PPC Dmitry Poddubny took part in the discussion of Panel II - Prospects for oil and gas production in Ukraine and the Black Sea region.The CFO named the key steps to increase gas production in Ukraine:Continued rental rate of 6/12% for all wells, incl. and sidetracks by 2030;Involvement of the private sector in large-scale projects through the conclusion of the PEC;"The positive dynamics of PPC production indicators since 2018 is a vivid example of the effectiveness of incentive taxation. We expect a government approach to support the private gas production sector: compliance with the guarantees provided and ensuring transparent rules of the game in the market , "Dmitry Poddubny stressed.The production of JV PPC for 9 months is 147.9 million m3 of natural gas and 37.4 thousand tons of oil and condensate. The company paid UAH 415.6 million in rent to the state budget of Ukraine

[jaka] 01/11/2021 12:11

Correction. Further the my last post I am well informed elsewhere, cheers, on ENW the free-float is just 17% and that includes the 6% institutional Investors so it's really just 11%! I told someone recently that to be listed on the LSE the minimum free-float must be at least 20% that was incorrect too.

[jaka] 29/10/2021 16:47

It is, if you start comparing but if it was that easy we'd be rich! I'm not sure what's going down with JKX at the moment only like you say, the fundamentals are great but the PR is very basic.

[researchcentre123] 29/10/2021 15:28

Odd isn't it.....if you look at the finances of both I'd say jkx shld be the more valuable

[tom111] 29/10/2021 13:38

Its not effect ENW by the looks of it

[dilip40] 29/10/2021 13:30

is this cheap because of the political threat from russia post 3163

[jaka] 29/10/2021 10:36

The JKX free-float is actually a bit larger with around 37M against 33M ENW. Both have roughly 80% of the stock held by insiders ENW institutional investors are more than double, but saying that, it's at just 7%. All in all both very volatile stocks to hold!

[researchcentre123] 29/10/2021 10:26

Thanks Digby. I suppose you have two types of investor - those who look at fundamentals and those who don't understand them so regard every share as a poker chip. So I guess the poker chip crowd have been selling to the fundamentalists in the last few days.... Or maybe maybe it's just a different perspective - long term versus short term.

[officerdigby] 29/10/2021 10:01

RC123. I should have added that the Twitterati targeted ~40p to get back in and have now started post again about the value..So I expect the cycle to repeat...You'd think (hope) fundamentals would be above all this.. but ....

[powereddrones] 29/10/2021 09:51

OK it's a link but you could create your own chart if you know how to use bigcharts parameter settings in the advanced mode.

In the last 6 months when gas started to move up, a comparison between the JKX, ENW and NGAS ETF shows they are all moving in the right direction. JKX is just not as orderly (more volatile to the upside and downside) and on a 1 year chart is in a pull back - a buying opportunity could be here.

hxxps://api.wsj.net/api/kaavio/charts/big.chart?nosettings=1&symb=uk%3aenw&uf=0&type=2&size=2&sid=1253180&style=320&freq=2&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=7&rand=1596632503&compidx=aaaaa%3a0&comp=uk%3ajkx%2c+uk%3angas&ma=0&maval=9&lf=1&lf2=0&lf3=0&height=335&width=579&mocktick=1

In summary, purely on price action, ENW is more of a steady ship, JKX has more surprises. It depends on your risk appetite.

[researchcentre123] 29/10/2021 09:36

Thanks Digby. Didn't know much about Enwell or the twitter groups. What do people think PE ratio is here? Cash increased last quarter by $15m. If profit is anything close to that it means $60m a year or £47m which implies a forward pe ratio of 1.7. Even if you double that it's ridiculously cheap. Any opinions anyone?

[officerdigby] 29/10/2021 09:29

Sorry what is free float here?. ENW is owned 80% one oligarch (effective takeover in 2012) and 6% II so not a lot FF. Liquidity and is volume is normally v low ENW side.

I think as a holder in both...

JKX is the obvious choice with the cash going up.. the JKX results were amazing operationally also. ENW all the cash went into development. Yet to see results. Hopefully soon.

Just JKX hype was excessive and caused an excessive negative reaction post results.
Twitter hypers sold and the then their herd sold or were trapped a bit. Once the volume goes you are trapped in these companies.

Takes a while to work itself out the system IMO..

[imnotspartacus] 29/10/2021 09:23

Bought some more.

[researchcentre123] 29/10/2021 09:17

Looking at the financials jkx looks much cheaper for the price. but Enwell seems to be fuelled by takeover rumours. There's also more more free float (regularly traded shares) which helps in that regard, whereas jkx doesn't have so much as it was effectively taken over a few years ago. On the positive side it does mean that now jkx has some decent management and they're doing an excellent job - new well coming online, selling off the less profitable Russian assets so they can concentrate on the Ukraine where profit margins are higher, no dilution of existing shareholders.... I've made good money on jkx and intend to stay for the long run (maybe they'll offer a dividend some time which would help the SP?) But a nice straight line up like Enwell does make you feel slightly jealous, but I think given fundamentals jkx is the better buy....just no rumors helping the SP

[itsriskythat] 29/10/2021 08:48

What is is about Enwell that makes it more attractive than JKX? Or so it seems looking at the price which keeps rising.