Jadestone Energy Share Discussion Threads

[croasdalelfc] 18/9/2023 22:34

Malaysian crude Tapis reached $101.30 last week, said Bjarne Schieldrop, analyst at Swedish bank SEB, in a report......Montara and Pen Mal oil is sold close to Tapis premiums

[badger60] 18/9/2023 08:13

Failing anything untoward, we should start to see the share price improve. Going forward JSE has so much embedded potential which is currently wip to get it generating substantial revenues next year. Tomorrow's presentation should hopefully confirm a very positive management message for the future of JSE and its shareholders.

[badger60] 18/9/2023 08:00

Brent 94.20bbl

[fireplace22] 17/9/2023 18:39

You can't make a decision to stop gas generated electricity by 2035 depending on security of supply unless that secured gas is imported or from current indigenous resources and you cant make decisions on the hoof whether to issue more licences on that basis. Its a scenario to relish for a so called advanced nation to run on make do and mend boilers and no doubt ice vehicles.

[bountyhunter] 17/9/2023 16:54

and that 2035 ambition is "subject to security of supply." Re gas boilers I can see a situation where every single part becomes replaceable in existing boilers to recondition and thereby circumvent new installations if that actually does come into force when projected.

[nigelpm] 17/9/2023 16:52

The word "phased" doing a lot of heavy lifting there. Gas boilers will be running well into 2050 and beyond

[nigelpm] 17/9/2023 13:57

Most of the oil production in the North sea gets exported out of the UK due to refinery capability. Gas though is a different story and we should encourage more licenses for gas.

[bountyhunter] 17/9/2023 12:58

Well done on the first! ... and to Steel who sold at ~four quid. On the plus side there although I didn't agree with the merger it is generally a well run company with a decent yield and a shedload of tax losses together with a rising oil price. The politics is the problem for the NS. As a result we will be importing more oil and gas which will only extend the UK's carbon footprint (and costs) rather than reducing it. Are politicians all thick or something. Ok I know that the reality is that they will say anything if they feel it boosts their short term popularity despite the longer term consequences!

[fardels bear] 17/9/2023 12:44

I sold SQZ at 340p. Wife still holds. I bought more JSE. D'Oh!

[bountyhunter] 17/9/2023 11:46

I prefer to look at the Brent price like this :)



I got out of JSE at 70p but can't say that I had the same foresight with some others. The oil price going up as we approach winter gives some encouragement I suppose.

[fardels bear] 17/9/2023 09:20

Trouble is that one man's TA is another man's chip wrapper the following day.

[11_percent] 16/9/2023 11:58

SOME TA ON BRENT PRICE


DETAILED LEVEL ANALYTICAL OUTLOOK AS OF THE CLOSE OF Fri. Sep. 15, 2023: London IPE Brent Crude Futures closed today at 9393 and is trading up about 9.33% for the year from last year's settlement of 8591. Caution is required for this market is starting to suggest it may now decline on the MONTHLY level. Currently, this market has been rising for 5 months going into September suggesting that this has been a bull market trend on the monthly time level. As we stand right now, this market has made a new high exceeding the previous month's high reaching thus far 9463 while it has not broken last month's low so far of 8161. Nevertheless, this market is still trading above last month's high of 8810.


BROADER OVERVIEW

The historical perspective in the London IPE Brent Crude Futures included a rally from 2020 moving into a major high for 2022, the market has pulled back for the current year. The last Yearly Reversal to be elected was a Bullish at the close of 2021 which signaled the rally would continue into 2022. However, the market has been unable to exceed that level intraday since then. This overall rally has been 2 years in the making.

This market remains in a positive position on the weekly to yearly levels of our indicating models. Pay attention to the Monthly level for any serious change in long-term trend ahead.

ECONOMIC CONFIDENCE MODEL CORRELATION

Here in London IPE Brent Crude Futures, we do find that this particular market has correlated with our Economic Confidence Model in the past. The Last turning point on the ECM cycle low to line up with this market was 2020 and 2001 and 1998 and 1994. The Last turning point on the ECM cycle high to line up with this market was 2022 and 2018 and 2000.


DAILY OVERVIEW

Solely focusing on only the indicating ranges on the Daily level in the London IPE Brent Crude Futures, this market remains in a bullish position at this time with the underlying support beginning at 9240.



WEEKLY OVERVIEW

On the weekly level, the last important high was established the week of September 11th at 9463, which was up 19 weeks from the low made back during the week of May 1st. So far, this week is trading within last week's range of 9463 to 9011. Nevertheless, the market is still trading upward more toward resistance than support. A closing beneath last week's low would be a technical signal for a correction to retest support.

When we look deeply into the underlying tone of this immediate market, we see it is currently still in a semi neutral posture despite declining from the previous high at 9463 made 0 week ago. The broader perspective, this current rally into the week of September 11th reaching 9463 has exceeded the previous high of 8810 made back during the week of August 7th.

Right now, the market is above momentum on our weekly models hinting this is still bullish for now as well as trend, long-term trend. Looking at this from a wider perspective, this market has been trading up for the past 3 weeks overall.

Weekly Indicating Ranges

Immediate Trend .......... bullish
Short-Term Momentum ...... bullish
Short-Term Trend ......... bullish
Intermediate Momentum .... bullish
Intermedia Trend ......... bullish
Long-Term Trend .......... bullish
Cyclical Strength ........ bullish
Broadest Trend ........... bullish


MONTHLY OVERVIEW

Interestingly, the London IPE Brent Crude Futures has been in a bullish phase for the past 5 months since the low established back in March.

Monthly Indicating Ranges

Immediate Trend .......... bullish
Short-Term Momentum ...... bullish
Short-Term Trend ......... neutral
Intermediate Momentum .... bearish
Intermedia Trend ......... bearish
Long-Term Trend .......... bullish
Cyclical Strength ........ bullish
Broadest Trend ........... bullish


ECONOMIC CONFIDENCE MODEL

END OF QUARTER

The projected overhead technical resistance stands at 10764. The projected technical support resides at 6623. The next Quarterly Minor Bullish Reversal stands at 8750 with the next Quarterly Major Bullish Reversal standing at 13965. The next Quarterly Minor Bearish Reversal resides at 2440 whereas the next Quarterly Major Bearish Reversal is to be found at 6110. Immediately, the market is somewhat bullish on our indicating range models. However, the monthly level remains moderately bullish for now and the weekly level is in a very bullish posture. We also have a Minor Monthly Bearish which is closer to the market right now. This resides at 6730 and therefore, even a month-end closing below this would signal a further retest of support is likely.

Since the last trading day of this month and quarter happens to also be the end of a week, then we additionally have Weekly Reversals coming into play as well. The next Weekly Minor Bullish Reversal is standing at 8590while the Major Weekly Bullish stands at 11590. However, the next Weekly Minor Bearish Reversal is to be found at 8010 while the next Major Weekly Bearish Reversal is located at 8220.

Therefore, when we put this all together, the various timing levels require our focus on the following Bearish Reversals for the close of this quarter. The numbers to watch are: 8220, 7900, and 6110.

TIMING OVERVIEW

Our timing models warn that a turning point is due to come this month in London IPE Brent Crude Futures so we should remain focused. The last cyclical event was a high established back during August. Normally, this implies that the next turning point should be a low. However, to date, this market has already exceeded that previous high established at 8810. This strongly implies we are in a cycle inversion process, which tends to be rather bullish overall. Last month produced a high at 8810 but closed on the positive side and so far, we have exceeded last month's high. We now need to close above 8810 on a monthly basis to imply a further advance to the upside immediately for now. The projected resistance for this week stands at 9897 and we need to close above this level on a weekly basis to maintain any upward momentum.

BROADER YEARLY OVERVIEW

Turning to the broader cyclical outlook, the map of the future is certainly interesting. This market is currently in a dramatic Phase Transition whereby it has rallied for the past 2 years scoring a 770% gain. Our next yearly target in time for a turning point is 2023 so caution is obviously suggested during this year since we have made a new low. Immediately, we are trading below last year's settlement of 8591 yet above our Dynamic Pivot Point during this year residing at 0. This implies that the market is still in a bearish to neutral position as we look into the next turning point target. Thereafter, we could see a trend reversal into the following target due in 2024. Keep in mind that last year made a high so penetrating last year's low implies further weakness is still possible. The next Yearly Bullish Reversal stands at 11580. The next Yearly Bearish Reversal resides at 6770.

REVERSAL SYSTEM OVERVIEW

Applying our Reversal System, our next Weekly Bullish Reversal to watch stands at 9540 while the Weekly Bearish Reversal lies at 8220. This provides a 13% trading range. Turning to the broader Monthly level, the current Bullish Reversal stands at 9700 while the Bearish Reversal lies at 7900. This, of course, gives us a broader trading range of a 18%. Immediately, we closed the last session trading at the 9393, which is below this level on a daily closing basis at this moment. We need to close above this on a weekly basis to signal that a rally is unfolding. Right now, the market is trading some 1.54% beneath that level.

[badger60] 16/9/2023 11:14

A Good positive post from LSE. If all goes well and O&G remain firm I'm in total agreement with his sentiment and mkt cap estimates.'We already know the figures wont look too good, as per previous RNS, that is why we are still hovering under 40p, nut if you look at the significant improvements since end of June, when Brent was trading around $75 and our production was impeded by Montara, we have now seen a rapid increase in the oil price since then to where we are now, and with Montara now adding impressive quantity of oil to the mix, we must be in a very good shape as of today, imoeven back then the MCap was stupidly low, as per the comments from Paul post finance raise" we are confident that their successful execution will narrow the current significant discount to fair value, which is a key priority."we should be sitting on a Mcap of at least £500 million before AKATARA comes on stream, when that comes on im looking for £700-900 Million Mcap valuation."

[pughman] 15/9/2023 14:12

I think they've replaced the acquisition teaser with the Akatara incremental RNS as a way of throwing a bone at the peasants.

[fardels bear] 15/9/2023 13:29

I reckon not. But that might be me just being optimistic

[fireplace22] 15/9/2023 12:18

..and might we get news on the Malaysian drilling or is 3-4 weeks too soon?

[fireplace22] 15/9/2023 12:14

Wonder if we'll ever see anything of the 'small' acquisition mooted a few months ago or has that been scuppered by montara's misfortunes?

[croasdalelfc] 15/9/2023 09:00

RSI has cooled off a lot - ready for the next leap beyond 40p with Brent at $94 .Market probably waiting to see if the board clean the closet on 19th. With no surprises the share price should breach 40p

[badger60] 14/9/2023 21:20

sea
It's hardly surprising. It's going to be personnel changes, engineers and transfers etc. I'd be far more worried if there were no logged helicopter trips, especially given that Montara is in the process of beefing up it's oil production.

[fardels bear] 14/9/2023 20:57

What do you glean from that?

[sea7] 14/9/2023 18:56

I note on the 11th sep - the helicopter went to the montara well head platform - stayed for 30 mins then departed. Next day, a follow up round trip to montara venture

[winnet] 14/9/2023 16:25

TGG - It really is that simple.