Pantheon Resources Share Discussion Threads

[forwood] 06/4/2022 09:17

HD - 'All the real chart experts seem to have vanished from these boards in the last couple of years ...... those with lesser skill think they're really something but are basically playing pin the tail on the donkey!'

As a regular poster on charts, that's a pretty damning judgement! I post less these days as people only ever like to hear positive chart views. 'Pinning the tail on the donkey' also seems to be the view of many non-chartists on efforts to understand and predict the direction of the share price

Am not going to comment further other than to observe that those who may once have worked in corporate finance apparently feel qualified to offer their soi-disant views from a great height, and in many cases are no more qualified than the rest of us!

[fs360] 06/4/2022 08:50

Like the Taliban after a bombing raid he will crawl out from his hole at some point with another snippet of wisdom after taking significant casualties on his bank balance.

[hiddendepths] 06/4/2022 08:29

Thanks metalbee!

Maybe pro has hastily closed his short?

[chris0805] 06/4/2022 08:25

Strange there is no message of wisdom from Yo-yo Pro this morning... Possibly taken his BS elsewhere?

[winner66] 06/4/2022 07:23

Lots of errors in the IG article , but at least the story is being picked up by major outlets , so on the basis of spreading the word to wider audiences then that’s positive. Last night a google search of PANR showed the article in big headline. So that’s also positive

[chris0805] 06/4/2022 06:35

Good work, thank you for that effort C

[phsarkandalpp] 06/4/2022 05:52

I've emailed the IG newsletter asking that Charles Archer contacts me in order that I can point out his PANR mistakes in the hope that he corrects them in the article.

[metalbee] 06/4/2022 02:26

Hidden Depths, fwiw here is my take on the current charts:

Key resistance at: 146p, 158p, 188p.
Key support at: 118p, 104p, 78p.

Daily Chart:

Short-term trend - bullish.
Intermediate-term trend - bullish.
Long-term trend - bullish.

EMA's (20, 50, 100, 200) are aligned, with price trading above. This is an intermediate bullish signal. Price has taken support from the 50EMA several times since mid-January, and has closed below it only once. Things are tightening here though, signaling a consolidation period is underway.

Ichimoku became "clouded" on the recent retrace, with the stock re-emerging last Friday. The emergence included a cross-up on the baseline and conversion lines, whilst lagging span still has some overhead, but future cloud is green. All in all, this is an intermediate bullish signal, although purists of Ichimoku would be waiting for lagging span to emerge.

Fibonacci is showing some interesting patterns, currently milling between the 0.5 and 0.38 zone. The 0.618 line is a new relative high (first resistance above), and the 0.786 line is a break of the second resistance above.

Bolinger Bands are converging towards a squeeze, stock above the central line and tending towards an upper band walk.

There is a bearish divergence in the RSI which pre-empted the news that the operational season was over. That move was short-lived, however it is still not technically broken. Although the hammer candle on the 29th indicated that lower prices are ready to be snapped up by the market. Thus, we are moving up with room on the chart to break the relative high - although I think this is unlikely to occur on this run up.

Bull Pennant formation is present which yields a price target of 203p. Given this is a blue sky area the price target hold's no technical significance, so were it to break the ATH at 188p there is no reason to assign it a resistance level based on this formation. I would start to look at fibonacci's and the interplay of moving averages at that point, and the fibonacci level's above this are significant.

Weekly Chart:

Mostly same as above, with a tendency towards more bullish signals of the same nature. Notably, all Ichimoku signals are up and bullish; and no divergence on the OBV.

Summary:

It's undeniably positive on the chart. Buying opportunity continues to present for traders, but against a rising 50 EMA which would be approaching 120p if the Stochastic cycle continues to play out the margins are reducing. Any who sold out South of 120p and are yet to take a new position appear to be out of sync and will likely need to pay a premium on their swing trade. If the webinar news is not enough to move the market either way out of its current tightening range, I think we will see the chart formation morph towards an aggressive ascending triangle as we approach the Summer drilling season. However, the resistance and price targets would be very similar, which is around 203p.

Also, can confirm that mr2009 (refuse to use any other moniker as it is not appropriate) is correct, stocks do indeed go up and down, and Pantheon is no exception to this market truth.

[zeusfurla] 05/4/2022 23:52

RNS dated last Friday and seems to have been some more buying this week from someone. I guess that 3% has built up over a few weeks since TW LBF.

[sirmark] 05/4/2022 23:21

Nice RNS and so it starts ... the 3% here 4% there ..... got to love it when the see competitors for the shares/ company they want.

[pharmawotsit] 05/4/2022 22:12

 The overall theme of that article is well-intentioned - but it's rushed.

 Just a few of the howlers that leapt out at me.

 The reference to 7 billion barrels of oil in place should be 17 billion barrels

 The WH Ireland analyst's name is Brendan (not Brandan)

 Archer quotes a financial loss that is 3 orders of magnitude too high.

 Sloppy - and aimed at the spreadbetters I guess - but it's publicity.

[chris0805] 05/4/2022 21:53

"Charles Archer is an experienced freelance writer specialising in financial law"Surely there's a way of getting the errors corrected... given the first sentence in your post!I guess the more word spreads... the more errors there will be. :-((

[fordtin] 05/4/2022 20:39

"Charles Archer is an experienced freelance writer specialising in financial law. He has a background in stock market analysis and financial services recruitment. Since 2017, he’s worked as a freelance investment writer, predominantly covering UK Enterprise Investment Schemes and US stock market IPOs for private investors.

Charles has had investment articles covering the US, UK and Chinese stock markets published by The Motley Fool, Business Insider, International Business Times, Fineco, DBC Media, Interactive Investor, Sharesight and Investing.com.

Charles has a BA (Hons) in History with Politics, as well as a Master’s degree in Law from the University of Law. He is currently working towards Chartered Financial Analyst status with the CFA Institute."





Shame he couldn't be @rsed to proof read or fact check!

[probabilityofsuccess] 05/4/2022 20:36

‘kin hell……….

“While the company made a $4.4 billion loss, this is largely meaningless compared to the potential revenue”

I’d be happy if the potential in the second part of the sentence was related to the typo in the first! 🤣

[brian boru] 05/4/2022 19:23

Could be buying on behalf of a major who don’t want to be identified…230;…………as yet ?

[rideacockhorse] 05/4/2022 19:18

There'll be more of this sort of thing to come in the coming months. Further proof (if indeed it is even needed) that the winter programme massively de-risked Pantheon and in so doing has caught the attention of some bigger fish. The sprats and guppies are going and the basking sharks arriving. The trend will continue upwards. On the down days we know who will pop up on here (Hi johnswan) but the trend is your friend. Watch the trend. This goes in one direction only. Hold for the sale. That's when the money will be made. All else is beer money only. Clearly we now have movement behind the scenes and the market is reflecting that.

[bobbiedazzler] 05/4/2022 18:19

Sanjay Motwani's Sansar Capital says it specialises in Iraq and emerging markets. Alaska clearly too good an opp to miss

[fordtin] 05/4/2022 18:17

"Who is SANJAY MOTWANI"



The first to break cover. Who's next?

[huntman] 05/4/2022 18:01

New notifiable interest of 3%, Family office backed by Blackstone - amongst others

[bobbiedazzler] 05/4/2022 17:48

Two oddities to ponder. Close today similar to close on the day of the Ukraine invasion and not far above the 127 level after the positive BFF test at Talitha. I would argue the mispricing is a lot worse

[zeusfurla] 05/4/2022 17:33

Strong activity in the end of day auction. Buyers and sellers are playing a careful game but I think there is some sustained but gradual buying going on. Expecting a yo-yo before the webinar. Interesting to see the short position last month on PANR rising from 1.64% to 2.52% (thanks to MT for posting elsewhere). Positions are being taken or protected by holders. Volatility expected. I'm just holding. I have the right amount of shares - no need to do anything.

[doublestexan] 05/4/2022 17:31

I was sure happy to see the report on the Theta West move test results. So very much work, talents, expenses for top
Class Consultants carefully chosen,
Top rig, experienced roughnecks and
Expenses for drilling.
So many top, well chosen companies
chosen by a C level staff / board members. Excellence in identifying seismic and sub surface work ups by Pantheon geologists.The ship has been guided , in my opinion, with care , highest degrees of professionalism and preciseness! Congratulations to Pantheon and Great Bear.
Looking forward to the webcast this month and to drilling the Alkaid well this summer. Not far off. It is all very encouraging!!! Good luck to all!

[rideacockhorse] 05/4/2022 17:26

Pro is right. It is a yo-yo trend. Today was very much a "yo" day; tomorrow though could be a "yo" day.