Parkmead Share Discussion Threads

[itscominghome] 07/11/2018 13:53

70p by the 16th - good figs could be 80p - good figs and a good Nexen/Tie back update then woooosh its off to the races and we're talking pounds not pence.

[robs12] 06/11/2018 19:24

Tournesol...if that is the case I hope you go out and buy yourself a very, very nice one.
I am still expecting a half case ;-)

[tournesol] 06/11/2018 14:43

90p before year end

:~))

[chutes01] 06/11/2018 14:05

buyers stepped in straight away, they are messing with the price, this could rocket

[fardels bear] 06/11/2018 13:59

Treeshake before news do we think?

[chutes01] 05/11/2018 15:41

buying ahead of results next friday

[dodgydd] 05/11/2018 15:17

Nexen will take a share of the 100% PMG owned Perth field.
The question is how much of a percentage.
PMG are now spending lots of monies with Nexen for survey's.
This field will not produce for two years yet, will Nexen cover cost of a H2s sweeting plant for the stake in this field ?
Any ideas ?

[ny boy] 05/11/2018 13:05

Looking good here

[archie61] 02/11/2018 21:08

robs, great analysis, I agree we’re way undervalued, if GPA and West of Shetland comes off this is a £500m+ business. I’ve got 80,000 now and only just in profit after topping up 5 times over last year.

[fardels bear] 02/11/2018 20:08

I always thought I was a bit of a Del Boy. Nice to hear that Tom is a wide boy too..

[robs12] 02/11/2018 19:47

Can't advise on that - your call!

I'm also intrigued by "Parkmead is analysing both oil and gas, and wider energy related opportunities, which could broaden and enhance the Group’s revenue stream" and whether any progress on that, whatever the 'wider energy related opportunities' might be.

[fardels bear] 02/11/2018 19:29

Well we know who to string up if that happens..I suppose it depends how far one is in.I have 35,000 and I remember zengas announcing he'd bought an initial 75,000. If I double up its still not going to make me overweight.What do you reckon?

[robs12] 02/11/2018 19:20

Double up?

I'd like to, but already added quite a lot more this month and have too many already - my biggest holding.
I think there is a high probability that there will be good news.
And not just on NL gas and cashflow, which should be nice but is really noise/small fry in the scheme of things - just a means to keep paying the salaries. The dutch assets don't really appeal to me at all except for short term cashflow - the dutch are moving away from gas production and gas use rapidly.

At the least I'm hoping for some filling in of the dots on GPA & WS, and we'll probably have to continue reading between the lines rather than being sold to - I certainly don't think we'll be getting any shiny company presentations with powerpoints showing fancy seismic etc etc - which is fine with me. TC is nowhere near ready to sell yet, which is why everything is quiet quiet quiet...

Remember, cash at Dec 17 was £24.4m, and they turned cashflow positive (£26.7m 2016, £29.6m 2015). Gas production has increased, maybe the gas price also. They presumably paid out some $$ to increase the Perth & Dolphin stake in February. But assume they have the same cash now. Their FPM stake is worth approx £5.7m today. Panmure Gordon valued Aupec at £4m. So that's £34m, disregarding tax losses (PG put at £12m in Feb).

At today's shareprice, they are capitalized at £58m, so that leaves £24m for their O&G assets.

2P was 46.3mmboe in March, 2C now 95mmboe, mainly GPA. The 2P at $5/bbl is approx £1.60/share alone.

The dutch gas is worth maybe 5p a share - PG valued it at 2.1p, but since then the Diever field size has doubled etc..

Then there's the explo potential on top.

PG put a risked NAV at 86p in February, but things have moved on since then.
My own calculation meanderings suggest it should be more than double that now. Unrisked, the numbers are of course stupid.

So I am confident. But from an all eggs in one basket perspective, wouldn't be so confident as to double up! TC might get run over by a wheelbarrow for instance...

[fardels bear] 02/11/2018 18:15

What do you suppose are the odds on there being any exciting stuff though?

[archie61] 02/11/2018 17:39

Fardel, I’ll Be buying more before the 16th for sure, Prelims should be very good, increase in production and revenue from Dutch gas assets should give us a 10-20% uplift, that’s without the really exciting stuff! GLA

[fardels bear] 02/11/2018 17:24

If you had the money available from a sale elsewhere, would anybody double up?

[mallorca 9] 01/11/2018 07:37

Well at last - we know we get an update this month.

[archie61] 31/10/2018 15:52

Paul & Shark maybe?

[mallorca 9] 31/10/2018 15:51

Ben' s in his autumn years now, bit like myself.

[mallorca 9] 31/10/2018 15:49

It's a cruiser my friend.

[fardels bear] 31/10/2018 14:44

Ben wouldn't wear Armani on the speedboat though, would he? C'mon..

[archie61] 31/10/2018 14:16

I think you'll be able to afford Armani when this comes in fardel lol.

[fardels bear] 31/10/2018 13:34

Would Ben prefer Helly Hansen or Henri Lloyd?

[fardels bear] 31/10/2018 13:34

I've just unfiltered you now.

As it happens I do need a new wheelbarrow. And at some point in the future I get to wheel away as much cash from here as I am hoping for, it had better be a big one.