Jadestone Energy Share Discussion Threads

[fardels bear] 10/2/2024 09:26

Well all that says to me is that as usual they are robbing somebody perceived to be rich to pay for bribes in their marginal areas. It does not make allowance for the fact that many UKCS focussed o&g companies are hardly making any profit nowadays due to the initial imposition of this tax when gas was hitting a fiver a therm. Its currently 65p a therm and I don't expect it to increase as summer comes.It might tempt somebody with high levels of cash currently UKCS focussed to look for acquisitions is areas of the world with a less confiscatory tax regime, somewhere first world maybe, sorry we are supposed to be first world aren't we, I'm thinking Australia Pacific region not including the Kiwi madhouse of course.

[mount teide] 10/2/2024 09:19

'From this point it's a multi-year play'

Long equity market history and its most successful investors will tell you that virtually all equity investing is a multi year play(3-5 years) - unless you're in receipt of and make illegal use of inside information. Any shorter 'investment' duration is largely gambling!

It's why circa 96% of short term traders lose money according to the internal records one of the City's most successful Sprteadbet and CFD survice providers. The biggest short, medium and long term challenge to their business model is to find sufficient new clients to replace those leaving, as a result of being cleaned out through 'over-trading'.

[xxnjr] 10/2/2024 09:06

slightly off-topic but maybe of interest "Labour has performed another green U-turn by dropping plans to backdate its £11 billion windfall tax raid on oil and gas giants, the Telegraph can reveal. Sir Keir Starmer had pledged to hit energy firms with a surcharge on their profits from the first four months of 2022, raising an extra £2.6 billion....."

[fardels bear] 10/2/2024 08:44

Don't bother

[nigelpm] 09/2/2024 20:37

And on valuation - £125m market cap is only 30% higher than the $117m spent on capex in FY23.

Food for thought...

[nigelpm] 09/2/2024 20:22

On YasX's points:

1) Always possible - it's an Oil/Gas business.

2) He must act in all shareholders' interests. It's as simple as that. That doesn't preclude Tyrus from sticking in a cheeky bid at 50p of course.

[fardels bear] 09/2/2024 19:29

I think these two must be Daily Express pensioner frightening weather report writers, Tom.

[tom111] 09/2/2024 18:36

A few weeks ago you said this could be a multi bagger which one is it lol

[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 .