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Share Name Share Symbol Market Type Share ISIN Share Description
Nostrum Oil & Gas Plc LSE:NOG London Ordinary Share GB00BGP6Q951 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.07 -0.86% 8.03 7.50 8.56 - 10,753 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 175.9 -360.2 -177.0 - 15

Nostrum Oil & Gas Share Discussion Threads

Showing 1351 to 1370 of 1500 messages
Chat Pages: 60  59  58  57  56  55  54  53  52  51  50  49  Older
DateSubjectAuthorDiscuss
23/1/2020
17:45
Solarsurfer - the exploration assets are booked in the accounts at 50m usd. This compares to a group balance sheet size of 2200m usd. So even if the company are conservative and halve the value of these, we are only talking about circa 1% of the balance sheet. Of course, ala won't know this because he doesn't do any research - he doesn't know how to - but feel free to rub the point in :)
wigwammer
23/1/2020
17:34
Nop, my goal is to follow up on the unfolding story and inform investors or especially NEW ONES what to expect. And this is firework! A board is not only for ramping but to inform first. xxx
alamaison5
23/1/2020
17:05
Remember ala paid over 185p for NOG... the man is utterly clueless :) "NOG: Back in at 185.8p. Aiming at 200p. A 40% fall form 300p to 180p is just a little bit overdone (lol) on a temporally reduced 10% production"
wigwammer
23/1/2020
16:32
Agreed with Wig ! If they only intend to spend 25 mil next year and can only loan out 50% of infrastructure, then thats around 150 - 200 mil, ish! Not bad money for doing nuffin ! They just need some good guys that can sell ! Ala, you should be able to work it out if they release qtr results ! ya noob !
solarsurfer
23/1/2020
16:23
Again, ala is showing he has done zero research. The FD stated in a conference call that he anticipates the ural contract to generate around $50m of free cash flow pa, and that represents one eighth of capacity. Not exactly a "well kept secret" then :)
wigwammer
23/1/2020
16:18
The trouble is that no one WILL EVER KNOW how much money NOG generates with that ONE contract using the pipeline... A well-kept secret INDEED...Is it $50,000 a year or $500,000? NOG is finished.
alamaison5
23/1/2020
15:40
A lot of factual inaccuracy.They have a cash position of over $100m, and will use $25m this year. We do not know if they have had offers for all or part of the assets, simply that there have been no "binding" offers yet. The infrastructure asset is not depleting, and they believe they can grow business from it. They will look to grow production again after further work is undertaken on the fields. Sooner of later, good news will arrive :)
wigwammer
23/1/2020
15:35
You might as well PRESERVE YOUR MONEY AND STOP BUYING NOG. I'm buying a REDD at the moment. Got lots of HGM at 182p, but it might be late now as the train as left the station. Or the station has left the train, I forgot...
alamaison5
23/1/2020
15:35
Timberrrrrrr
iamgreat1
23/1/2020
15:24
Solar: are you spaced out or what? YOU: Surely it just needs some work? Read the last RNS for Christ's sake! They are suspending all the work! They've had few appraisals and none of the wells are deemed commercial. The wells are depleting fast, so is the cash. The only way NOG will survive is to sell some assets or the whole company. Then again...NOG didn't even get ONE request to open their book! It's been a year. It's a dead duck. NOG WENT DOWN TO 5p AND IT'S PROBABLY WHERE IT'S HEADING RIGHT NOW. CHECK THE LAST HOLDING RNS.
alamaison5
23/1/2020
15:12
when are the 2019 financials declared, that might shine some light ? Working on the 2018 results, these guys had around 2.2 bil assets,1.6 bil debts. If it wants to share its infrastructure, I presume thats its pipelines etc, then costs will reduce to do this ? The company still has money and assets ! Surely it just needs some work ?
solarsurfer
23/1/2020
15:05
Youll be surprised how many companies run on debt! Government is one of em ! I guess the downward price of the shares values the company less ? If so this makes it a better proposition to buy ?
solarsurfer
23/1/2020
15:05
I guess another positive solarsurfer, is that that from this level of sentiment and valuation, it would take very little positive news flow to get the market rerating this exponentially. The market cap is now such a small part of the enterprise value, that any upward movement in the ev will flow to equity holders in a highly leveraged way. That's why anyone who claims to be short is evidently a bit wet behind the ears :)
wigwammer
23/1/2020
15:00
So you've invested in a company without doing your due diligence hey? The most important stuff! Like the financials? Please tell me that you've bought on Wingy ramp and you'll make my day! Please!! NOG is over $1,000,000,000 in debts. I think you deserve to be where you are right now. Hopping that you've learned your lesson... an expensive one perhaps?
alamaison5
23/1/2020
15:00
Are you sure you don't mean sub 0p, great dystopian guru.. :)
wigwammer
23/1/2020
14:57
Fear, I think. They have a lot of debt - debt is a big no no amongst investors currently - and production will fall again this year. There are a couple of large sellers and we do not know when they will stop. But what the market is not factoring in yet is 1) they have time, resources and cash to put a workable plan together .. 2) sooner or later we are likely to see some positive news on deal flow, well within their cash runway.. 3) the business is still going through a sales process with goldmans. Interestingly, they highlight the potential sale of individual assets, rather than the whole group. When these positives come through is anyone's guess - could be early next week, could be later in the year. That's why it requires patience and a willingness to sit through the volatility.
wigwammer
23/1/2020
14:46
wigwammer Cheers for all the info. Why then has the price dropped to such a low level, just becuase of the 2020 forecast? Syrely we should all be buying now ?
solarsurfer
23/1/2020
14:38
Thanks for the uptick - I am trying to give useful input but there is a lot of random noise about :)
wigwammer
23/1/2020
14:30
wigwammer23 Jan '20 - 14:27 - 1351 of 1351 (Filtered) preview order Buying 27,762 NOSTRUM OIL & GAS PLC ORD GBP0.01 shares The price quoted cannot be guaranteed until the order is confirmed. Price£ 10.73p What do I know hey? alamaison522 Jan '20 - 15:03 - 1312 of 1350 Edit If NOG doesn't recover to 17p then 14p is next I am afraid. And now down to 10.7p
alamaison5
23/1/2020
14:27
Hi solarsurfer, a few things to bear in mind.First, they are looking to fill the infrastructure capacity. The FD is on record stating that the deal with ural alone will generate circa $50m in free cash flow pa. Just this deal covers the interest charge on group debt going forward - but it represents only one eighth of the capacity. While we do not know the exact terms on which further deals may be done, based on the ural deal full capacity would suggest free cash generation in the region of $400m pa, and would revolutionise the investment case.Second, NOG is still up for sale. Management state there have been no "binding" offers yet, but NOT that there have been no offers. "Whilst continuing to explore a full sale of the Company, we see significant value in our unique infrastructure and we also recognise the need to prudently manage risk and liquidity." Three, NOG is very much a going concern. They anticipate using just a quarter of their cash reserves over the next year, while they focus on further processing deals. They do not have to refinance debt until the middle of 2022. They have time and resources available to make things work. Hope that helps :)
wigwammer
Chat Pages: 60  59  58  57  56  55  54  53  52  51  50  49  Older
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