Share Name Share Symbol Market Type Share ISIN Share Description
Pantheon Resources Plc LSE:PANR London Ordinary Share GB00B125SX82 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.34p -1.89% 17.65p 17.30p 18.00p 18.00p 17.30p 17.50p 237,520 16:35:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.0 -8.8 -3.7 - 89

Pantheon Resources Share Discussion Threads

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DateSubjectAuthorDiscuss
14/10/2019
08:29
      Upgrade Logout MonitorQuoteChartsTradesNewsFinancialsToplistsAlertsPortfolioLevel 2Free BBPBB Copyright © 2019 ADVFN plc Switch to Desktop View Santos Share News - STOSantos Share News - STO Current Price AUD7.85 +AUD0.40+5.37% Bid PriceOffer PriceAUD7.84AUD7.85High PriceLow PriceOpen PriceAUD7.99AUD7.76AUD7.90Shares TradedLast Trade9,109,15906:10:26 ConocoPhillips Selling Northern Australia Assets for $1.39 Billion -- Update Intraday Santos Chart 13/10/2019 11:49pmDow Jones News    By Robb M. Stewart  MELBOURNE, Australia--ConocoPhillips (COP) has struck a deal to sell its operations in northern Australia for at least US$1.39 billion as the oil giant seeks to shift capital to other projects it believes will generate the highest longer-term value. The assets being sold to Australia's Santos Ltd. (STO.AU) include ConocoPhillips's controlling stake in the Darwin LNG gas-export project and cover production of about 50,000 barrels of oil equivalent a day and proved reserves of about 39 million barrels as of the end of 2018. The deal adds to other asset-exits agreed by ConocoPhillips in recent months, including an agreement in April to sell two subsidiaries focused on production in the U.K.'s North Sea for about US$2.68 billion in cash. Also in April, the company closed the sale of its 30% interest in the Greater Sunrise gas-fields to the government of East Timor for US$350 million. ConocoPhillips has been divesting some of resources and focusing in part on projects in Alaska and Louisiana, as well as in Canada and Asia. Asia Pacific and the Middle East together are the second-largest segment in ConocoPhillips portfolio by production, and include the assets in Australia as well as producing fields in China, Indonesia, Malaysia and Qatar. The deal with Santos covers the company's 56.9% interest in the Darwin liquefied natural gas facility and the Bayu-Undan field that feeds it, a 37.5% stake in the Barossa gas project, its 40% in the Poseidon field and 50% in the Athena field. ConocoPhillips said it will hold on to its 37.5% stake in the Australia Pacific LNG project on Australia's east coast, and will remain the operator of the project's LNG facility. Proceeds from the sale to Santos, which may include an additional US$75 million contingent on a final investment decision being taken on the Barossa project, will be used for general corporate purposes, it said. For Santos, one of Australia's largest independent oil and gas producers, the assets it is picking up will lift its earnings per share by about 16% in 2020 and increase pro-forma production by about 25%, it said. Santos already is a partner of ConocoPhillips in the north, and has an 11.5% stake in the Darwin LNG project's infrastructure and a 25% interest in the Barossa development that is set to supply the LNG operation in the future. Santos said it expects a final investment decision on the roughly US$4.7 billion Barossa project early next year, with first LNG anticipated in 2024. The gas from the Barossa field is expected to extend the life of the Darwin LNG operation by more than 20 years.
chuffer2
13/10/2019
17:59
HTTP://dog.dnr.alaska.gov/Documents/Maps/ActivityMaps/NorthSlope/2019-10-07_Activity_Map_North_Slope__Web.pdf It appears that ADVFN needs their Hxxp or Hxxps to be changed to capitals HTTP or HTTPS. So year 2000!
davidblack
13/10/2019
15:19
Good link Dacron,good to see the activity it one easy to read map.Here is a clickable versionhttp://dog.dnr.alaska.gov/Documents/Maps/ActivityMaps/NorthSlope/2019-10-07_Activity_Map_North_Slope__Web.pdf
astralvision
13/10/2019
14:49
HTTP://dog.dnr.alaska.gov/Documents/Maps/ActivityMaps/NorthSlope/2019-10-07_Activity_Map_North_Slope__Web.pdf
darcon
11/10/2019
18:13
Thanks hd.Hear what you are saying.Personally I think that more could be done but that is without the benefit of your in depth knowledge.All us minions can do is if we see the price slipping away and we think a company may require funds then exiting or standing aside may be a sensible policy. Difficult if you've got a decent position and believe in the long term story.
astralvision
11/10/2019
17:07
They have tried AV and doubtless still do. But nearly every case they've gone for, and I imagine they're the strongest, the perpetrators get away with it and the regulators get a slap on the wrist! It's not hard to cover your tracks if you're a financial institution, especially as various funds are run independently. How can one demonstrate that Chinese walls have been broken? Here's a hypothetical but very realistic example as I actually observed something analogous in a takeover situation. Fund manager A, who knows there's a placing coming and has been made an insider, bumps into fund manager B, who doesn't, at the coffee machine and says "Got any Pantheon Resources?" "Yes, quite a few," says B. A pulls a face and walks away. Fund manager B heads for his desk and sells some PANR. A month or so later, B knows a little something and a similar dialogue ensues. End result: both are winners and good luck anyone trying to find evidence, let alone proof, of wrongdoing.
hiddendepths
11/10/2019
14:00
Cheers hd.I've no first had experience but just observing over many years then it's not too hard to see what goes on.The picture you paint is a depressing one and our regulators seem happy to allow this robbery and extortion to take place.
astralvision
11/10/2019
13:55
Av - it's worse than you might think! The institutions being approached are formally asked whether they are willing to be made "insiders," which is a legal term which means they cannot deal at all or even talk about the issue BEFORE they're told anything by the company and/or its brokers. They can decline, which happens a fair amount, but at that point they know nothing of relevance to the share price. If they agree, they are in no doubt about what they are not allowed to do! So the law-breaking is overt and they do so in full knowledge of what they're doing.As a broker, I used to get really mad when such activity happened with one of our stocks. Fortunately I worked for a broker who had no tolerance for such behaviour and we weeded out several clients of whom we had suspicions. It worked to quite a large extent. Other brokers just seemed to shrug and accept it.
hiddendepths
11/10/2019
13:22
I've closed one of my 3 positions for the weekend. I think we'll see 17p again and I will consider adding back at that point.
stupmy
11/10/2019
13:09
It is obvious insider dealing takes place in the market place, our FCA is useless. The U.S does actually look into some cases, so it can be done. I assume the fca do not have the resources though and the LSE for whatever reason do not take an interest.
rich2006
11/10/2019
11:12
hdThanks for your insight, appreciated.Hear what you are saying, they are as guilty as hell but it's difficult to prove!But it does explain how institutions and others may be quite 'happy' to sell below the placing price as they've already made their money by in effect screwing the company and shareholders with their actions.It's bloody awful, imo, same as robbery yet they get away with it time after time.
astralvision
11/10/2019
11:05
AV - it's really tough to legislate against because the transactions can easily be made invisible. It's never as simple as just selling the shares, although that is the effect. There are all kinds of derivatives that can be used for a start and then there are sales from apparently unconnected funds, quite possibly not UK-based, which can be utilised with no-one being able to demonstrate the link. And there are doubtless new ways that have arisen since I left the City. But even when I was there, it was next to impossible to prove anything untoward had taken place even though it was apparent that it must have done. The FCA have a real job on their hands! It's easy to criticise but I don't actually think they could do much better in such circumstances. DB - that's a valid point, one I haven't seen mentioned elsewhere.
hiddendepths
11/10/2019
11:04
Quick look at the charts for the few weeks before the placing was announced I reckon you can pinpoint the day they started going out to institutions, early June, peaked at 25p. Looks like it got sold down into the placing, as per normal.
astralvision
11/10/2019
11:00
A different explanation may be that following the Woodford Investment trust scandal many funds have been forced to sell illiquid shares on compliance grounds. Those shares may have been bought at 18p but they might well be from the placing a year ago or just bought in the market. This compliance liquidity squeeze has been an issue for a lot of Aim stocks in the last four or five months. If that is what it was then hopefully it has finished?
davidblack
11/10/2019
10:58
Not saying it's happened in this case, but this is what happens in a lot of cases.Company taps up institutions etc for a placing. Institutions are sworn to secrecy, no dealing in the shares.But they start selling down the stock. They know they are going to pick up cheaper stock in the placing and it helps put pressure on for a cheaper placing price.They get the placing shares, already a nice profit from the pre sold shares.Then they can 'stag' the issue with the remaining shares. If the share price dips below the placing price they can just take a loss on that part of the deal and very likely still walk away with a profit. If not, they can take a loss and just move onto the next 'opportunity 'Of course the above doesn't happen in all cases. But just look at the dates when a company first starts doing roadshows and look what happens to the share price the FCA do absolutely nothing about the illegal behaviour.
astralvision
11/10/2019
10:44
So the "overhang" theory is that buyers at 18p have been persistent sellers in the 16.5p to 17p range? Can someone explain how that makes sense?
redhill9
11/10/2019
10:25
Yeah apologies, you guys are right. We would be at 40p by now if it weren't for all this persistent overhang. Curse this overhang. Just when the price gets moving, bang! More overhang. It's almost as if at any price there is a willing seller at the moment just causing so much overhang.
metalbee
11/10/2019
09:46
Maybe just a b1tch slap
polar bear1
11/10/2019
09:26
Of course there was an overhang, ie an ample supply of stock from a willing seller or two which meant the share price has been downwardly mobile to the point at which buyers could be found. Equally obviously the willing seller(s) has(have) finished and the share can move upwards because there are now more buyers than sellers at this somewhat depressed price. Does stating the bleeding obvious really merit a punch in the face?
hiddendepths
11/10/2019
07:09
Oops, was meant to be a LOL emoji
zala1
10/10/2019
22:59
I don't actually see it as anything and agree talks of overhang/STAGs etc are largely speculation.Anyway looking forward to my punch in the face, it will save me wearing my nipple clamps to the AGM.
rabito79
10/10/2019
22:40
No, you see it as overhang because that confirms your bias. Average daily volume for the last two months? There is no interest of value in the stock. Yet.
metalbee
10/10/2019
17:03
Metalbee, I think you may have just described a situation known as 'stock overhang'. hTTps://moneyweek.com/glossary/stock-overhang/
rabito79
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