Pantheon Resources Share Discussion Threads

[forwood] 24/8/2022 14:17

This post about trading / investing in PANR is mainly addressed to the many new investors who have come on board as a result of the Motley Fool tip and the news yesterday. Welcome!

I've been in PANR since Texas days and have built up a substantial shareholding here. It's not all been plain sailing. There've been many great ups and some fairly vicious downs. The chart tells the tale but for those who've been in a long time (say from April 2018), PANR has been a very good investment and there looks to be a lot more goodness to come.

Pantheon now is a substantially different company from Texas days. There was lots of disappointment then. You can read about them on this thread from March through to December 2018. The legacy of those times has left a mark where occasional operational mishaps and bad luck (inevitable with oil exploration companies) are often a catalyst for a loss of confidence and substantial correction.

The two main changes in switching from Texas to Alaska were the acquisition of the inherently better prospective acreage along the Dalton Highway/Taps and a technically superior team of people involved with Great Bear. Pantheon was able to leverage Great Bear's exploratory work and seismic data, and GB's bad luck due to the state of Alaska reneging on financial support. Along with that came the involvement of a Hedge fund, Farallon, who provided much needed financial support with a susbtanial shareholding that has been sold down almost ever since. You will see several references to Farallon as a seller, which is acknowledged to be simply F exiting its position without reference to the business case for remaining a long term investor.

Farallon's selling has generally depressed the share price growth against the value prospect suggested by the exploratory drill finds totalling >22bn oil in place. It is unknown how many shares they still have to sell (probably <5%) but you will see them blamed for any consistent selling when otherwise you might expect the share price to be continuing up. Whether they are responsible or it is the work of active share traders is unknown.

As work has progressed, it is my impression that Pantheon has developed confidence and expertise, culminating in the recent and to date trouble free Alkaid 2 drill, where we look forward to a successful flow test starting late September through October.

The rest is the dynamics of energy investment in a febrile market. There is a tendency here to 'sell the news'. This was in part responsible for the recent drop from 150 down to 87, a drop that was probably exacerbated by Farallon selling and Peel Hunt 50p 'sell' target, based largely on scepticism in PANR's ability to conduct a successful drill at Alkaid 2. Despite the success here, the PH analyst remains sceptical.

BTW, the Theta West VAS report news was not exactly new. Most of the key information had been given out in the online webinar April 2022, a copy of which can be found on the company website.
Hope that helps, and good luck!

[madd_rip] 24/8/2022 13:34

Says the habitual liar and hypocrite

[37bodie] 24/8/2022 13:11

All I have to say about today's posts from someone is you'll never win an argument with a hypocrite.

[rabito79] 24/8/2022 13:02

'At least Rabito will be happy for 88E, I mean, they have an LKA CPR now, just like PANR have one...............so says Rabito'Is this not baiting pro? Had you been drinking? We're you getting emotional? Can you not interact normally?

[madd_rip] 24/8/2022 12:53

Sociopathic narcissist, is what you are, plain and simple. And a habitual liar

[pro_s2009] 24/8/2022 12:51

forwood, markets look forward........people who live in the past are just that.

The trouble is, the Uber Bulls take everything the wrong way.

If you were to say, for example........

"A question, are PANR avoiding testing Alkaid in 2021 as they perhaps think it might be bad".........that would be a question. It is not a statement of fact.

Now the Uber Bulls would suddenly suggest you are stating facts, but in fact you have asked a question, asking a question does not infer anything.

This is where they get muddled up and lost in their own emotions. They suddenly start accusing, when in fact, asking a question is simply that, asking a question.

Now if somebody said "PANR "ARE" avoiding ..........." that is a statement of fact and could be misleading........... but if someone says "ARE" PANR avoding.....it is now a question........

This is how the English language works........... questions are questions, statements are statements........

Lots of sticky people trying to twist their own agenda into things - end of the day, I really dont give a hoot about whats been posted anywhere yesterday, today is a new day, markets move forward and if you want to make money, keep moving forward forwood.

Companies use the "Forward Looking Satements" disclaimer all the time, which basically means anything said now, may be out of date immesdiately after its been said. Things change all the time.