Pantheon Resources Share Discussion Threads

[ringsing1] 05/11/2021 14:20

Assuming Scot is right (sale in 22/23 season), when will the buyer realistically achieve ‘first oil’ ?

I am just trying to ascertain how many more COP2x events the buyer will have to endure, before they start seeing a return on their $4bn (hopefully more) investment…

[bobbiedazzler] 05/11/2021 13:59

« The longer this goes on the better » Not so sure. Yes it may prove up more resource, but the oil price spike that I expect next year - north of $100 a barrel - is probably going to be the ideal backdrop for a sale and is probably also oil's « last hurrah ». The oil price will get to a level where it destroys demand, and it will never recover given COPs, climate change etc.

[dhb368] 05/11/2021 12:55

That said, and I do agree with the above sentiment, I think that you should always have MANUAL stop loss in mind.
With most stocks that I buy I record a target 'take profit' price and a 'stop loss'.
In the days when IG took spreadbets on most stocks I ran a small position (sometimes just £1) with a stop or trailing stop. It was a good reminder when that was closed out to re-evaluate my holding.

[rafthorney] 05/11/2021 12:52

Yeah thats what puts me off sirmark,seen it happen before.

[sirmark] 05/11/2021 12:40

Nope... when ever I've used them they have been triggered only for the stock then to bounce of my level. Every time the have cost me money :(

[gorgeousgeorge01] 05/11/2021 12:38

Stop loss? What's that? I think I used one a long time ago. Generally speaking it would have been a mistake. Think post Talitha.

[rafthorney] 05/11/2021 12:22

Does anyone use a stop loss on panr?

[dhb368] 05/11/2021 11:52

"sometimes I think buys appear just to prove me wrong" - In that case please just keep on doing what you have been doing...

[forwood] 05/11/2021 11:48

Lol GG - sometimes I think buys appear just to prove me wrong! Well, we do have ftse at post pandemic highs helped by the falling pound as a result of the Bank's failure to put up interest rates. So that's a help. But on the downside, Brent has fallen 6% from its recent highs to just under 81. Still more than double from this time last year, which is perhaps fitting as PANR is more than double this time last year!

[sirmark] 05/11/2021 11:31

For those without L2 (pretty much the recent high 88/89) so a push to that level we be a huge sign and a jump to the late nineties / pound will be in full swing IMO

The MM's are on the offer as below
87 30,000 WINS 07:50
88 30,000 PEEL 07:51
88.6 30,000 MREX 11:22
88.6 50,000 SCAP 11:22
88.6 30,000 CANA 11:23
88.6 50,000 SING 11:22
88.6 30,000 CFEP 11:22
88.7 30,000 STFL 11:05
89 30,000 ARDA 07:55

[sirmark] 05/11/2021 11:24

GG agree seems like there's a hell of a lot of support at the level... as if they know :)

[gorgeousgeorge01] 05/11/2021 11:17

"Looks like we bounced really well :)"

I must admit to having been surprised by the resilience of the share price during this period of uncertainty. I took advantage of last week's weakness at 79p. I'd expected to pay rather less. It all goes to show that you can never quite tell. Anyway, game on!

[sirmark] 05/11/2021 11:16

All of these MM's moved up

1:14 SING 50,000 80.5
11:14 CANA 30,000 80.5
11:14 SCAP 50,000 80.5
11:14 MREX 30,000 80.5
11:15 CFEP 30,000 80.5
11:05 STFL 30,000 80.3

Looking like a push to 89 in on the card for either today or the next new sessions.

[sirmark] 05/11/2021 11:12

Looks like we bounced really well :)

[gorgeousgeorge01] 05/11/2021 11:04

"If I'm honest I wish I had the balls to trade sometimes as the movements look pretty easy,"

look at it this way. No one realised a profit by not selling. Listening to Bloomberg Radio this morning, you'd think markets are a horserace. Jonathan Ferro is on form!

[gorgeousgeorge01] 05/11/2021 10:25

"...but I personally won't believe that or assign any value to it until a plan is put in place to monetise it."

I don't disagree with you, although I find myself less and less a 'fundamental investor' and I assign no value to the Kuparuk at this time either. That's not to say that the company doesn't assign a value and will not act meaningfully and decisively to unlock it.

I'll be perfectly frank with you and say that I've made very little profit over the years from any form of fundamental analysis. In the final analysis, that may well prove to be a costly mistake. But in the meantime...

[forwood] 05/11/2021 10:18

OfficerDigby - you asked about the chart. The share price has been doing very well, almost but not quite regaining highs, mostly on the strength of positive news about plans for winter campaign. However, MACD on the daily has not unwound. It's been checked by the resurgent share price but not turned over to resume an upward trajectory. And by unwound, I would 'normally' expect to see that cross well over the half way point and touch lows, to show oversold. That it hasn't (and may not) can be taken as a positive. Stochastics however, have moved to an overbought position indicating the current move up could be over. News may or may not change that. So why don't I think it will continue up?

If we look to the shorter term indicators, the hourly in particular has topped out and is heading back down. The 2 & 4 hourlys also appear to be topping out. I've included both the daily (on top) and hourly charts for reference. These free charts btw can be seen on the You'd have to configure the indicators but that is relatively easy and you can save both the set up and PANR as your 'favourite'.

Those 'P's in a circle are candlestick patterns, and the ones shown are by and large positive. I've watched these for years and they tend to appear after the event, so I haven't been convinced they are anywhere near as reliable as the 3 main ones I use.

[sirmark] 05/11/2021 10:11

I'm hoping for a big bounce of the 82 to retest the 89 :)

If I'm honest I wish I had the balls to trade sometimes as the movements look pretty easy, but I just couldn't bear the thought of being out when the RNS hits....

[johnswan193] 05/11/2021 10:11

GG, that does not mean they would not be prepared to ignore it in future, given the outcome of that drill and depending on what their eventual conclusions are. Publicly I expect their stance will be that this remains an important part of company assets, but I personally won't believe that or assign any value to it until a plan is put in place to monetise it. Same goes for Alkaid, though perhaps that plan is already underway following analysis of the SMD.

[gorgeousgeorge01] 05/11/2021 10:09

"I have 0 issues with additional testing in winter 2022.

As long as we follow the guidance that would only add value. The share price would progress along with it and one could get out where one wants."

I think that's it exactly. A prudent long-term investment strategy. Yes, you might be a little early - some of us on this forum know all about that. But on the other hand, you are realising gains that can be put to work elsewhere whilst retaining a core holding. That's been my strategy throughout and it has worked out very favourably indeed. As a relatively young fellow (43), I have time on my side.

[gorgeousgeorge01] 05/11/2021 10:01

"GG, how have they demonstrated that they are not prepared to ignore the Kuparuk?"

Ermm, Talitha?

"Now the Kuparuk we spent a lot of time in the Kuparuk zone, and you, we got a lot of people asking why did you do that we will show you the reasons. The Kuparuk encountered some specific issues, was found to be what's known as oil wet as opposed to a water wet reservoir and that has to do with what fluid is around the sand grains. It was also an overpressure reservoir. And over pressure is your friend as long as you know in advance that you have it, it allows you to have higher initial well rates, typically you will have higher recoveries from over pressured reservoir, but it is not your friend if you discover it after the fact which is what we did."

[johnswan193] 05/11/2021 10:00

POS, no, I'm not saying they are overegging. See below, as soon as I read that I wrote it off. Hopefully that approach will later be proved to be overly conservative.

RNS 19-Apr-21:

Early analysis suggests that the Kuparuk horizon at this location might respond better to different drilling fluids and techniques, however ultimate recoveries may be lower than originally estimated. This work is just starting, and a formal conclusion will be reported when completed.

[cezuan] 05/11/2021 09:52

I have 0 issues with additional testing in winter 2022.

As long as we follow the guidance that would only add value. The share price would progress along with it and one could get out where one wants.

Problems only arise, imo, once ppl start sacrificing. E.g. dis-engaging with any present purchasing interest to get more value in the future. I cannot read "2023" w/o hearing a decrease of the clarity about reliable industry interest.

Imo that uncertainty is the 2nd biggest share price cap and it would make me nervous.

Let's see what the financing will be first though!

[johnswan193] 05/11/2021 09:50

GG, how have they demonstrated that they are not prepared to ignore the Kuparuk?

[sirmark] 05/11/2021 09:35

MM's on the bid

07:50 WINS 30,000 82
07:55 ARDA 30,000 82
09:30 STFL 30,000 80.2
07:51 PEEL 30,000 80
09:31 SCAP 50,000 79.9
09:31 MREX 30,000 79.9
09:31 SING 50,000 79.9
09:31 CANA 30,000 79.9
09:31 CFEP 30,000 79.9