Pantheon Resources Share Discussion Threads

[pro_s2009] 26/1/2022 08:25

Soon enough this will blast through 80p and keep rising. Those talking their own book of the "78p" will soon enough be buying back in and chasing the price upwards.

[phsarkandalpp] 26/1/2022 08:17

8.20 a.m. share price 79.6p. Watch out, everyone. That 78p cap's about to descend. (Or was it 80p intothewild?)

[soggy] 25/1/2022 22:07

Scot - like Spangle, I'd be interested in the name of that small cap with the potentially high upside. Can you share it on here please?

[ashy43] 25/1/2022 22:04

I liked what Jay said on the webinar. " so how do fields grow in size?"You could increase your recovery factor, our recovery factor is in the low teens, about 13% overall, if we just go to a normal recovery factor of say 25% we will have doubled that 2.2 billion barrels to 4.4 billion barrels - so we have huge upsize I believe in our area.

[dhb368] 25/1/2022 21:10

hTTps://youtu.be/8B3KWSG8WPs

[dhb368] 25/1/2022 21:03

Webinar is up on YT now.

[unabkxb] 25/1/2022 19:32

Anyone know where I can get the audio recording of yesterday's webinar which I missed.

[ngms27] 25/1/2022 16:47

Rabito79, almost lyrics from 'Living on a prayer'

[rabito79] 25/1/2022 16:46

The main thing is we have still got each other.

[brinstocks1] 25/1/2022 16:36

Majestic Pantheon!

[scot126] 25/1/2022 16:24

Winner66, post #21492: lol, I am *trying my best* to "mute the deranged few" with weapons such as facts, maths and practical experience. Let's see whether they continue to "moot" their false theories after being schooled, shall we?! Lol.

Not sure what the PANR capital structure has got to do with "democracy" either, but good luck in your campaign! Lol.

dan de lion - yep, a bit quieter than of late. From some of the other forums, it looks like quite a few Yanks haven't yet watched the webinar? Let's see if the viewing numbers go up when it's available on YouTube? Anyone seen it posted yet? The stock seems pretty tight over on the OTC, with the UK leading the US market directionally for now = the opposite of 88E?

[spangle93] 25/1/2022 16:21

Very compelling, thanks for sharing, scot 126

Out of interest, which was the wee tiddler, £20MM m/cap? Sounds very exciting. There's actually a copper mining exploration company I like that's got a m/cap of about £5MM, half of which is cash or shares in a big fish, but I'm always up for hearing about others slanted towards upside opportunity.

Is that the same company as the lowest percentage figure, if not which company was that?

TIA

[scot126] 25/1/2022 16:15

Dear All - I forgot to summarise the recent Canaccord O&G sector piece which saw PANR included in the Top Picks section and the TP moving from 200p to 220p. Please find below the references to PANR included within the report, together with an attempt to give context where appropriate.

Canaccord "Q1 22 sector update - lots to go for." [dated 11/1/22]

Canaccord Genuity view

The sector heads into 2022 with (almost) a spring in its step despite having been beaten early on by COVID and buffeted by continuing ESG issues. Yet, of course, it is still not quite the talk of the town and the concerns, especially the E part of ESG, are quite rightly not going away. But much stronger commodity prices - oil and now gas - have buoyed the sector, derisking the 'difficult' stories, and adding real shine to the 'good' stories - quality assets, seasoned management, growth potential, consistent FCF generation, and shareholder returns - which still look in our view notably undervalued.

This sense of undervaluation has lain across the sector for sometime now, and the likelihood is it will continue due to the ongoing structural change in energy. Yet, we still think there is plenty of scope for a narrowed valuation gap while retaining a more cautious view on the sector than in its heyday.

While analysts routinely extol the sector's appeal early in the year, 2022 feels better than for some time. With a little more balance in the debate about the need for hydrocarbons (we'll need them for many years and reduced investment could see continued strong pricing) and the continued demonstration of widespread cashflow generation capacity (can that be ignored indefinitely?), the sector could do well.


If companies can show they are genuinely delivering improved asset management to reduce their (hydro)carbon footprint - a convincing and consistent industry-wide approach to measurement has yet to evolve in our view - and to present greater S and G advances, more investors may become alive to the sector's improvements and cashflow. It could be a very good year.

Oil and Gas price revision, sector valuation.

We are increasing our base commodity price assumptions and making some specific stock adjustments to incorporate recent newsflow.

Brent: $77.5/bbl (was $72.5) 2022, $70/bbl (was $62.5) 2023, and $67.5/bbl (was $62.5) 2024+

Top picks:

Pantheon (PANR): high impact exploration/appraisal drilling/testing in Alaska

scot126's summary of the Canaccord tables:

PANR - spec buy - TP 220p from 200p - upside to TP 173% [scot126 - of the 16 stocks in the coverage list, PANR's 173% upside to TP was the second highest percentage.]

PANR: [overview] Drilling/testing operations underway in Alaska, key drilling and testing programme over coming months with lots of newsflow.

PANR: Central NAV = 495p, SP/Central NAV = 16%, Full NAV = 495p, SP/Full NAV = 16%, difference between TP and Full NAV = 56% [scot126 - of the 16 stocks in the coverage list, PANR's differential of 56% was the second highest percentage differential.]

In PANR's sub-sector of 9 UK O&G stocks, the *average* SP/Full NAV was 57% and the median was 58%. The next lowest percentage to PANR's 16% figure was 41%.

Across the whole coverage list of 16 O&G companies, PANR's SP/Full NAV of 16% was the second lowest percentage figure.

scot126 - on all metrics (with the exception of a wee tiddler c.£20m mkt cap) measured, PANR has the greatest upside risk. IMHO it is *not* priced correctly currently to take into account of this rare, potentially elephant-sized upside risk.

[winner66] 25/1/2022 16:02

The share price will do what it does , supply demand rules apply . There is no cap , repeat no cap , that’s just a ridiculous opinion muted by a deranged few. There are always physiological levels to pass , that’s a very different scenario to a cap , which suggests an impossibility. Ridiculous, even defies democracy .

[dan de lion] 25/1/2022 15:48

PTHRF is a bit quiet.

[scot126] 25/1/2022 15:42

Ref. johnswan193's post #20451 = amateur hour. That's not a financial model. You've never compiled one in your life, have you?

- How many quarters do you anticipate the CB holder will hedge out their exposure?
- What's the current short position on PANR?
- What's the borrow availability on PANR shares, and how expensive is it?
- How does the jeopardy attached to the cashflow generation from Alkaid-2 (and Alkaid-3?) affect the 78p cap label you have attached to the stock?

Waaaayyyyy out of your depth again, dunce's cap johnswan193. Fact.

[johnswan193] 25/1/2022 15:33

Ref. 20451 for my model.

Also still waiting for you to respond to being fact checked on your statement where 8 separate horizons were being targeted and that success in any would add $1bn to existing market cap. Remember you went really quiet when I called you out on that? Still gives me a chuckle.

[scot126] 25/1/2022 15:29

No, dunce's cap johnswan193. I assess the market is incorrectly pricing the upside risk to PANR's investment case using all accepted historical valuation methods and metrics. Still waiting for your financial model? I must have missed it. Just give me the post # and I'll go have a look at it now?

[johnswan193] 25/1/2022 15:13

The way Scot is going on one might expect HE is the one looking to ramp the share price and derisk ahead of results. To me the short term share price and the cap doesn't matter. Either results are bad and value is annihilated or results are good and the 78p effect no longer exists (and even if it tries to put the brakes on a rise it would represent an excellent but brief cheap top up opportunity).

[kiplig] 25/1/2022 14:49

I think even the Company would agree that it now comes down to drill & test results. We can speculate as much as we want, but it's irrelevant. They've a ton of data and clearly clearly have belief, so let's wait and see. Not even the company knows what the results will ultimately be.But one thing is sure. At $87 oil, success could bring enormous value. And all the bad news about the sector this past year or two has resulted in less upstream investment and quite possibly gifted us with a strong oil price.

[rabito79] 25/1/2022 14:35

We know there is risk, everyone know's there is risk. Welcome to oil exploration.What there is not is information out there which proves that the project is doomed to failure. There is not a trail of breadcrumbs leading to oblivion which only you and your 21years of investing has detected.If it fails on permeability it's not because they will have overlooked this, it's because it's different from what the current data suggests. I have not followed ADV but I do understand percentages. 86% is not 100%, I get it. Just because the 14% prevailed doesn't mean the numbers were wrong, or they were proven wrong. It just means that the risks they had identified won out.Britain and yourself may be tired of experts, but I am not. I like experts and I understand they will sometimes be wrong. When they are wrong I won't kid myself that I knew better than them, I will just acknowledge that sometimes data is imperfect and can lead you to the wrong conclusions.