Longboat Energy Share Discussion Threads

[littlepuppi7] 12/5/2020 08:55

Time to move to JKX. Not ridden the oil price rally at all yet, Unlike here, no debt, p2 reserves over 100m and 10,000 boepd production. Probably the biggest bargain out there at 30m mkt cap..15m USD in the bank at last count and NO DEBT. Not many shares avaliable at the current low price so should move pretty swiftly... Also hold a 10% stake in UNB, Ukraines biggest O+G producer probably worth 30m plus....

[pro_s2009] 12/5/2020 02:24

Its why China was purchasing like mad loads of oil recently and filling up storage. They know the post SARS effect from 2003 is massive increase in private transport use.

This time it will be not only China, but the whole world. Demand for oil late 2020/2021 could well be 25% more than previous highs - which will mean.......very high oil prices later in 2021.



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[pro_s2009] 05/5/2020 07:11

Lovely, Brent now approaching 29$.

Once the sheer vast amount of supply destruction becomes visible to the blind, then hopefully Brent will be up and over 30$ and stay there.

[pro_s2009] 04/5/2020 08:53

Certainly some interest this morning.........

[oilrich1] 02/5/2020 16:03

MR. Ramper oh no

[oilrich1] 02/5/2020 16:03

MR. Ramper oh no

[anley] 01/5/2020 09:17

BUT they also want a cut of 250,000 barrels........but in planning one will take that into account BUT are there any deals which pass the test of the LBE board?

[anley] 30/4/2020 14:13

SDX = Egypt = political .V. North Sea = Gas = non political

Many will prefer in the new political and financial world an investment in GAS closer to home and with superior management even if they have been stuffed up trying to do a deal in these markets.

[pro_s2009] 30/4/2020 06:03

Brent nearly back to 25$ now.....

[momentum1] 30/4/2020 04:30

SDX is where the money should be going. LBE time will come but not just yet. Look at the caah pile at sdx v current mcap.

[iamgreat1] 29/4/2020 23:03

Tops and gang I'd say were a bit naive to pump an oil stock in this environment. But I see how he attempted to make people think that lbe were about to announce a mega deal of some kind......he posted and re posted clipping of old news once he had bought in then waited for his lemmings to follow suit he then sells and pumps the next one

[pro_s2009] 29/4/2020 15:32

Popped up a bit today.

[anley] 29/4/2020 14:44

SOLD at 70.5 on the basis that the Board have now not got a deal - will burn through some more capital and maybe I get back in later at a lower price......hope so.

The market by the way is thin and a 10K order will push or pull dramatically so be careful.

[jason_scrap] 29/4/2020 13:39

I had a similar response just yesterday

[anley] 29/4/2020 13:34

It does seem that way but the price (NAV) is still 80p in my view after taking out the floatation expenses and the huge board's payments.

They really are forced to do a deal and there will be lots to go for now the oil/gas market is in such a mess.

I hope its GAS as that is a better bet than oil especially as we still have to import the stuff - why when its on our doorstep???

[iamgreat1] 29/4/2020 13:14

It's being pumped They dnt have any assets Tops is pumping old news from MarchI emailed the company who said they were a long way from any purchase of assets given the low oil price they are being careful

[arcteryx] 29/4/2020 13:11

News imminent by the looks of it?

[anley] 28/4/2020 14:54

Is the new team getting on with their job in finding someone to acquire or going for licenses in the North sea?

Share price has perked up recently so maybe........??????

[sludgesurfer] 26/4/2020 22:04

I'm inclined to agree with the bulls here in that the management are decent (although i don't think the FPM story is the glittering success which LBE portray it as), i get that they have 8 odd million in cash and a market cap of around 6. I also get that now must be a great time to pick up some cheap assets with up front production. I do however see the bear case... They'll need to raise significant new funds. Who knows on what terms that will be. As a small investor interested in this company, I'm struggling to think of a reason why I shouldn't just wait until a deal is announced to see what it looks like and and what price they've had to raise funds. Under FPM, the management didn't have a great history of protecting the interest of the small investors in their many fundraising rounds. I'm not sure why things will be different here.I'm also of the belief (which seems to be the consensus view) that the wider market rise is a bear market rally and I've been selling into it. If and when it comes unstuck and the wider market tests recent lows, how low can this go? Conclusion: on the watch list but waiting for now.All imho and wtfdik

[pro_s2009] 20/4/2020 09:20

New presentation link added to the header.





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[burtond1] 19/4/2020 14:17

https://twitter.com/tmsreach/status/1251860351169241089?s=21Interesting comments from Malcy

[hierarch] 11/3/2020 10:54

Same was said about rockrose energy in 2016 when the PoO was $27 Brent. Distressed market makes for attractive opportunities - if the deal is good they will raise at a premium. If the deal is bad they won’t do the deal. Look how RRE came on after buying assets in that environment.

Today LBE find themselves in a similar predicament - I can only see this market generating significantly value accretive deals for buyers - even for those who need to raise like LBE. You’ve got to take reference that the shareholder list In LBE is impressive and they will appreciate buying on the low end of the cycle.

I think that any advanced negotiations are now being recalculated by the LBE board due to the sudden change in sentiment. So a deal may take another few months but the value will be far better for shareholders. I can see an equity raise on receipt of a good deal generating a significant premium.

The money is there and the equity raise will be no problem with LBE’s blue chip register. They are in it for the long term.

Debt capacity will still be offered as cash flow is valued by the lending industry, acquiring an asset with higher production and operating margins = more debt to equity funding ratio.

I think this situation couldn’t have struck at a better time.

[thomas11] 11/3/2020 10:35

Interesting to see if they can raise equity funding in the current climate, I suspect they may struggle hence reduction in price.