Matra Petroleum Share Discussion Threads

[beggarman] 03/5/2017 09:58

I am waiting to transfer my shares, I think it will be another two weeks maybe more. I am hoping for a good first quarter result to support the share price.

[rodneyfoster] 03/5/2017 09:52

Beggarman Think it's speculative .They assume that wont go below 8 which was offered to new investors -.And that there must be something more to come .Otherwise why relist ?However they don't know Matra and probably in for disappointment .Did you sell yesterday ?

[rodneyfoster] 03/5/2017 09:41

BudgetYou have reappeared -Why oh why ?Still spouting same nonsense and no acknowledgement that you were totally wrong .

[beggarman] 03/5/2017 09:38

Rod

I'm just wondering what is prompting investors to buy, there is nothing in the fundamentals to encourage buying.

[rodneyfoster] 03/5/2017 09:35

It was just speculative buying and volume very small .

[looneytune] 03/5/2017 09:20

Well spotted:)

[beggarman] 03/5/2017 09:17

LT - I think there was a technical issue last night, the share price was 9.5sek but the bid was 8.65sek and the offer 9.3sek. This morning the bid is 8.6sek and the offer 9.3sek so the there has been little change today.

[looneytune] 03/5/2017 09:08

Short lived!! But early days :)
8.6
-0.9 (-9.4737%)
Currency in SEK

[offerman] 02/5/2017 15:40

Thanks Looney

[budgetbond] 02/5/2017 15:27

Nice to see the tick up today - 20% increase must mean news is imminent

Funding agreed perhaps?

[looneytune] 02/5/2017 15:14

hxxp://www.nasdaqomxnordic.com/aktier/microsite?Instrument=SSE136267&name=Matra%20Petroleum

[offerman] 02/5/2017 15:10

What share price is up? When do MTA relist? They are not on my monitor list nor can I find by ticker. Can anyone tell me which exchange they are on please? Thanks

[looneytune] 02/5/2017 14:59

Nothing would surprise me beggarman but i still remain optimistic. Gut instinct is they want to succeed!

[beggarman] 02/5/2017 14:57

It could be a leak about the first quarter results, they are not due until the 23rd May. I hope its not a merger the shares will be suspended for another six months!

[looneytune] 02/5/2017 14:43

Up 21.1538% at 9.45 now
Perhaps news around the corner???

[beggarman] 02/5/2017 14:35

LT - Great News!

[looneytune] 02/5/2017 14:23

Share price back up today, + 14.7436% at 8.95

[papillon] 01/5/2017 17:46

America pumps up pressure on Opec
Robin Pagnamenta, Deputy Business Editor
May 1 2017, 12:01am, 
The Times

American crude oil production could rise to 9.9 million barrels per day next year, effectively cancelling out Opec’s cuts

Soaring output from America’s shale oil producers is threatening to unstitch the blanket of support within Opec for cuts to the cartel’s production.
Opec members led by Saudi Arabia will meet in Vienna on May 25 to decide whether or not to extend a deal introduced in January to cut oil output by 1.2 million barrels per day and in turn increase or at least support prices.
But industry insiders believe that the cartel will have its work cut out to persuade everyone present that the collective effort is worth it, given the damage that cuts have inflicted on countries’ budget revenues.
“[Opec] have boxed themselves in,” John Hall, chairman of Alfa Energy, said. “US production is coming back and [President] Trump is doing what he can to release more oil.”
American crude oil production rose above 9.2 million barrels per day in April, up from an average of 8.9 million barrels per day in 2016, according to the US Energy Information Administration. Moreover, it predicts that US output will swell to 9.9 million barrels per day in 2018, enough to effectively cancel out the bulk of Opec’s cuts introduced at the start of this year.

The administration is far from alone, nor is it the most bearish forecaster. Rystad Energy, an oil consultancy, reckons that US shale oil output could increase by 100,000 barrels per day each month for the rest of this year and into 2018.
US oil producers spent $4.9 billion on new oil projects during the final three months of last year, the biggest rise in quarterly spending since at least 2012, as companies took advantage of a bounce in prices since the Opec deal was announced on November 30 to restart stalled drilling operations. There were 857 drilling rigs active in the United States the week of April 21, an increase of 426 on the same week a year ago, according to Baker Hughes, the oil services company.
America’s shale producers have used the downturn in oil prices since 2014 to refine techniques to produce oil and gas more cheaply and efficiently, using new methods of horizontal drilling and hydraulic fracturing that have transformed the economics of the industry.
Meanwhile, growing output from Libya, an Opec member that has been exempted from the cuts because of a domestic conflict, is also adding to plentiful supplies.
Nevertheless, Mr Hall expects Opec producers to reluctantly hold the line by agreeing to extend the deal, probably for a further six months. “They are on weak ground, but if it’s anything other than that the [oil] price will collapse,” he said. “The only way they can survive is to say they have got some sort of pact.”
The 13 Opec member states are likely to be joined by other producer nations, such as Russia, which also pledged to help by trimming their own combined output by a further 600,000 barrels per day. Mr Hall said it was less clear if Russia and other non-Opec members would agree to the continued pledge.
The price of a barrel of Brent Crude was trading at $51.77 on Friday, still well above the lows of below $30 struck in early 2016. However, prices are still half the levels of above $110 seen in 2014.

[tackems] 30/4/2017 09:53

...I am thinking in terms of years not months!

[ayiman] 29/4/2017 11:19

Given the difficulty of actually selling the shares at the moment, I take the view that it is worth holding on to them for the present with the possibility that in 3 or 4 months they will be higher than they are now. I had already written off my holding so anything that comes back will be a welcome bonus. The past is the past and it does not matter how much they cost, only what they are worth now and what they are likely to be worth in 3 or 4 months time.

[pokerdude1] 29/4/2017 10:06

After 3 years or so of having no hope in this share we now have a chance of getting something back, I wrote off my shares when they delisted thinking that was that but they have relisted and started drilling more wells. These are still going in the top draw for another couple of years in the hope that things improve and I can maybe get all my investment back but until it reaches circa 30sek the drawer is where they will probably stay.

[nedhammers1] 28/4/2017 15:17

I hope u r right :-)

[beggarman] 28/4/2017 13:55

ned - The way I see it, they will wait until the drilling results from the eight new wells come in, which will hopefully increase the share price (late July/early August).
If they want to drill more wells this year they will have to place more shares to raise more working capital.

[nedhammers1] 28/4/2017 13:49

Come May I guarantee this share will be diluted, admirable to be positive but based on their track record that is my humble opinion, I hope I'm wrong :-(

[doxford] 28/4/2017 12:21

IF they come up with anything like a decent scenario the share price will improve without doubt as they are heavily discounted at the moment.