Pantheon Resources Share Discussion Threads

[scot126] 21/7/2020 11:33

Don't lose sight of Noble's debt, pre-deal. EV (Enterprise Value) of Noble is approx $13bn. Also, included in the 2 bbo figure are offshore gas assets (eastern Med) and shale oil assets in the Permian and Colorado. Does Noble own any large scale, *conventional* Alaskan assets with breakeven costs per barrel of mid to high $20's per barrel? Hmmmm....nope, 'fraid not! GLA

[sporazene2] 21/7/2020 10:21

yes agree with you Darcon - I wonder how long that deal has been in the making; but certainly the last 4/5 months have been a major constraint, with Chevon being west coast HQ'd and Noble in Texas. I also saw the Denbury thing yesterday which turned out to be fraudulent! Price of oil breaking out of a 4 month high today, with not much technical resistance back to $50 by the look of it.

[darcon] 21/7/2020 09:46

The market for M&A in the oil patch has warmed up: HTTPS://oilprice.com/Energy/Energy-General/Chevron-Acquires-Noble-Energy-In-First-Major-COVID-Oil-Deal.html The Chevron/Noble transaction announced yesterday is “the first major deal since the oil price plunge in March which hit the U.S. shale patch.“ It demonstrates that deals are being done and hopefully bodes well for a deal being done eventually on PANR’s farm-out

[senttothegallows] 21/7/2020 09:30

If we see a repeat of yesterday's buying we will be in to the 20's in my view

[michaelsadvfn] 21/7/2020 09:26

Could indeed spike on buying and it’s maybe a good sign that the bid is back up to yesterday’s closing price before 9.30 instead of 15.30 as it usually is! All imo Scot. 🤣

[senttothegallows] 21/7/2020 08:12

Looking at yesterday's trades any buying will likely see a spike today. Agree with most comments this does look like we are about to see a very significant breakout. It is still ridiculously cheap in my view.

[pro_s2009] 20/7/2020 23:41

Chart does look primed for a solid big move up on news, just need the news.

[astralvision] 20/7/2020 17:03

Good day for PANRWe're ready to roll! Yay!

[senttothegallows] 20/7/2020 16:25

Someone is loading up big time today

[bigwavedave] 20/7/2020 13:48

I've added also. A very long term holder here (rarely post) with a much higher average price, unfortunately. Just have a sense the mood music is changing in our favour.

[segaris] 20/7/2020 13:33

Def looks like something's afoot ??Grabbed a few more this morning before the US opens. This could get really giddy this afternoon as stock does appear v tightly held. imho of course

[davidblack] 20/7/2020 13:26

The geological story is clearly 5 star. But for whatever reason in the 20 months since the acquisition the market just hasn't taken onboard that message. Perhaps this move is a small start in the right direction?

[btgman] 20/7/2020 13:12

Panr's last upgrade supports a share price an awful lot higher than current share price. The Kuparuk Formation upgrade is next followed by "Slope Fan System" (Brookian) is as all 3 can be drilled and tested from 1 well. Testing over 1 billion barrels of recoverable oil in 1 single well. This is before we add in Theta West and Leonis AIMHO GLA BTG

[davidblack] 20/7/2020 12:57

I like a few others here hold onshore Trinidad explorer Touchstone or TXP who had a reserve update this morning. It moved up 15% on the wholly expected news. So maybe a serious rise is on the cards here at Pantheon? Maybe taking us into the 20p plus area? Or maybe more. Similar logic with pipelines nearby, although the weather in Trinidad is apparently less cold. Who would have thought!

[senttothegallows] 20/7/2020 12:57

I wouldn't be surprised to see this in the late 20's post upgrades. in my view

[astralvision] 20/7/2020 12:41

3 month high, all primed and ready for take off?

[astralvision] 20/7/2020 12:40

Inching up, I like the look of this!

[senttothegallows] 20/7/2020 12:13

Looks like something is brewing in my view

[astralvision] 20/7/2020 11:02

Well done that man!Hope you will be well rewarded!

[astralvision] 20/7/2020 09:44

Stand by yer beds for massivo incoming upgrades!Bit ramptastic but what the hell, that's what we're expecting and soon.

[senttothegallows] 20/7/2020 07:36

Interesting week ahead upgrades potentially within trade range time to buy un my view