Jadestone Energy Share Discussion Threads

[paduardo] 09/2/2024 18:32

I think there is also a third concern - liquidity - if the banks don't play ball on the RBL redetermination given the cost issues and shortened lifespan of Montana and Stag. Would that mean another placing is required?

[yasx] 09/2/2024 17:09

There are two issues of concern:

1:Montara etc problems reappearing like a bad toothache

2: What is the plan here for/by Tyrus and is PB mindful of acting in the interests of all shareholders/stakeholders?

[tom111] 09/2/2024 14:57

Breaking news. Israel is going to go into southern Gaza which has had an effect on oil prices which have jumped again

[fardels bear] 09/2/2024 14:52

You might be able to afford many pairs of pants but I have just eight pairs.

[king suarez] 09/2/2024 14:37

He said not too poo our pants when the share price drops..

[fardels bear] 09/2/2024 12:19

And what did Corpoal Jones famously tell us not to do?

[tom111] 09/2/2024 12:14

Seems like panic selling to me, only 1 buy this morning soon time to top up again

[ashkv] 09/2/2024 10:16

ACT doesn't every business / even tech firms have to deploy funds to sustain the business?

Therefore 2p reserves might decline with production -> however, if the production run rate is enough to sustain within current levels (or more) for close to a decade... I don't believe replacing 2p on a yearly basis is an overarching factor.

Even more so at present times where buying ready 2p reserves is a reasonable cost option!!! And I believe the model of JSE!!!

The entire UK market is bottom surfing - incredible value if you have the cash / might become even more incredible value in the short term...but I am with MT this will turn!!!

Old school Warren Buffet continues to accumulate cheap shares in the sector!!!

[kaos3] 09/2/2024 09:07

i would say simple FCF are not the best metrics in HCs due to depletitions and constant replacements. and high sigmas connected to that.

moving avarege FCFs on yearly basis is what i look at

just imho

[sea7] 09/2/2024 08:43

whilst we are all despondent at the current derisory share price, it is worth noting that, the Uk markets currently show 152 stocks at 52 week lows, whereas this time last year there were 4 stocks at 52 week lows this time last year the FT100 was about to put in an all time high on 16th Feb.

[king suarez] 09/2/2024 08:38

FCF would be AFTER sustaining capex, so.. why not?

[arlington chetwynd talbott] 08/2/2024 23:20

Is FCF the best comparative metric when oilers have the particular problem of combating declines?

[fardels bear] 08/2/2024 20:13

I don't believe it won't.

[34adsaddsa] 08/2/2024 18:12

Basically an option on the company meeting its liabilities at this point.

[fardels bear] 08/2/2024 17:04

You'd think so, wouldn't you .

[tom111] 08/2/2024 17:01

Oil now @ over 81 dollars plus a nice premium for us they must be making good money at least

[fardels bear] 08/2/2024 16:56

Not only Jadestone though. Every junior oiler I look at the share prices are on the floor.

[mount teide] 08/2/2024 16:55

Market sentiment remains very subdued, however, history has shown, that even for beaten down, battered and bruised sectors like O&G today, market greed will eventually rear its ugly/beautiful head - its just a matter of time!

At $80 Brent the FCF generation today of most O&G companies is better than the overwhelming majority of the constituents of the S&P 500, most of which are valued at price to earnings ratios multiples higher.

[nigelpm] 08/2/2024 16:52

Something doesn't seem right. We are back to where we were whilst Montara was out of action and there were financial concerns at the time.

[fardels bear] 08/2/2024 16:45

If they've more bad news they may as well save the airfares for their live City conference. In March

[nigelpm] 08/2/2024 16:41

Yup - certainly looks like advantageous short term trading unless bad news is coming...

[fardels bear] 08/2/2024 16:40

When I complained that shorters were in control of the game I was told there were no shorts open.

[fardels bear] 08/2/2024 16:38

But in August there was very little in terms of production. Now there is a lot more.

[fardels bear] 08/2/2024 16:37

Have got any of those left? I'd say we have plenty of long term nervous retail holders who watch this decline every day for no reason.

[spawny100] 08/2/2024 16:36

Looks like it's going to test the 22p Aug bottom.