Jadestone Energy Share Discussion Threads

[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.

[mount teide] 08/2/2024 16:34

Shorters throwing a little loose change at the book into the close to give nervous short term retail holders something to ponder before tomorrow's opening bell?

[pughman] 08/2/2024 15:07

It's probably the time of the year when Blakeley has to get some new veneers plumbed in, so cash might be a bit tight for buying JSE shares as well

[tom111] 08/2/2024 14:47

Unless we are in a close season i would have thought the directors would step in and buy a few at this very low price

[tom111] 08/2/2024 14:19

Trickling down on no volume, at least Brent is back over $80 and the fundamentals look good for it with the Chinese market making a recovery

[fardels bear] 08/2/2024 10:08

So much for the City presentation.

[mount teide] 07/2/2024 13:36

The German industrial 'miracle' was always a mirage reliant on a perennially weak Euro and the unlimited supply of cheap Russian Energy, illegal under EU Law(who predictably, for self serving reasons elected to turn a blind eye to this and the other 68 breaches of EU State Aid laws the Germans made over the last 25 years without penalty!).

Javier Blas - Bloomberg - 'CHART OF THE DAY: The end of the German industrial might.

Industrial output fell across the board in Dec, with a sharp drop in the energy-intensive sector (red line).

Annual data now shows that German chemical production plunged to a 28-year low.'

[fardels bear] 07/2/2024 12:25

30%, eh? Would we allow an oil company such market dominance?

[mount teide] 06/2/2024 21:41

After the US oil industry added 1.6m bopd of production growth in 2023, to set a new record 13.3m bopd in Dec, the highly politicised US EIA confidently forecast in its Jan report that 2024 would see further strong production growth.

However, the IEA's rose tinted growth forecast for this year was so ridiculed by the shale oil industry, the IEA was forced to completely reverse its position in the Feb report, where it is now forecasting ZERO production growth for 2024.


U.S. Crude Oil Production To See Zero Growth This Year: EIA - Oilprice.com today

'U.S. crude oil production fell in January and isn’t expected to grow at all this year, the EIA said on Tuesday in its latest Short Term Energy Outlook. The Agency also lowered its U.S. oil demand forecast to 20.39 million barrels per day from its previous forecast of 20.45 million barrels per day.

The cold snap that hit parts of the United States in January took crude oil production offline, causing daily production to fall to just 12.6 million barrels per day—down from 13.3 million bpd, the EIA said. And while the EIA expects U.S. oil production to return in February to levels just under the record, it expects production to drop slightly for the remainder of the year.

According to the EIA, it will be February of 2025 before another record is reached. “We forecast production will return to almost 13.3 million b/d in February but then decrease slightly through the middle of 2024 and will not exceed the December 2023 record until February 2025,” the EIA said in its STEO.

If accurate, the lack of production growth in the United States could help OPEC tighten the market, supporting crude oil prices. The EIA sees a global oil supply deficit of 120,000 bpd this year.

The prediction falls between the IEA’s and OPEC’s forecasts. The IEA’s forecast suggests a supply and demand balance for most of 2024, and with the possibility at least of a supply surplus in the second half of the year. OPEC, on the other hand, sees healthy oil demand this year and a lingering supply deficit until next year.'

The EIA’s latest estimate of weekly field production of crude oil pegs the daily rate at 13 million bpd as of January 26, about 200,000 bpd under the all-time high of 13.3 million bpd. But production for the week prior, during the cold snap, was estimated to have dropped to 12.3 million bpd.'

[nigelpm] 06/2/2024 18:00

JSE presenting and Paul Blakeley will be in London -



19.35
Jadestone Energy
Paul Blakeley, Executive Director, President and Chief Executive Officer - Jadestone Energy (JSE)

[kaos3] 06/2/2024 16:32

I would also add that the sanctions make it possible for selected few to make extreme profits in reselling the HC.

Remember Marc Rich? Our boy.

Those in the loop are making huge profits because they are allowed to do the arbitrage.

The police turn blind eye for our boys...

We need lots of risk free easy money that no one else can make