Share Name Share Symbol Market Type Share ISIN Share Description
Petro Matad LSE:MATD London Ordinary Share IM00B292WR19 ORD USD0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.275p -2.91% 9.175p 9.10p 9.25p 9.90p 9.10p 9.45p 9,574,429 16:23:40
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 15.3 8.8 3.1 3.4 47.70

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Date Time Title Posts
21/2/201801:04MATD RISE OF THE PHOENIX3,844
05/6/201707:19The Resurrection Of MATD362
23/1/201720:10Petro Matad7,108
02/11/201608:52Petro Matad (MATD) Shell is to pay Ј12m cash to disengage from its commitments224

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Petro Matad (MATD) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2018-02-20 17:08:599.18116,50010,688.88O
2018-02-20 16:36:279.64350,00033,733.00O
2018-02-20 16:30:039.1510,9921,006.02O
2018-02-20 16:26:439.2510,703990.03O
2018-02-20 16:23:349.20108,6959,999.94O
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Petro Matad (MATD) Top Chat Posts

Petro Matad Daily Update: Petro Matad is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker MATD. The last closing price for Petro Matad was 9.45p.
Petro Matad has a 4 week average price of 6.88p and a 12 week average price of 6.38p.
The 1 year high share price is 38.75p while the 1 year low share price is currently 5.13p.
There are currently 519,845,881 shares in issue and the average daily traded volume is 9,124,302 shares. The market capitalisation of Petro Matad is £47,695,859.58.
kirk 6: This time I reckon the share price will double in no time. Such a massive resource
aimshares: A post yesterday from a very respected poster on LSE chat BBI do agree with his post similar to what am thinking.18:47 Price: 6.88MisterPositive 7,310 postsGood to have you back Mr. P.Hamm: Thanks. Yes Bergen deal termination is fantastic news indeed. Was surprised how quickly it dropped back to 6p from 32p when Bergen came on board in May 2017. Personally I thought they would terminate Bergen deal after Farm-In agreement. My own guess is either Matd is very confident of Farm-In partner coming on board soon after 3D seismic results OR they might have been given the nod / wink / nudge by the incoming partner who requested 3D seismic in the first place. Speculation on my part at this stage but all will be revealed soon. However price moves up well ahead of anticipated news especially when the potential end prize is so big. With Bergen agreement termination effective 1 Dec, I would expect share price to start the ascend back towards the 32p in coming weeks ahead of Farm In deal news first followed by Spring 2018 spud date.Strong Buy
aimshares: Even though the Bergen Global agreement was not great the drills were funded . And the share has slowly has gone up from the 3p range over time and the market after some time has expected it and the share price has consolidated at the 7p range .And with only 6 weeks away from 3D results and the planned spuds and up coming drills Why take out the Bergen agreement which leaves with no money for the up coming drills so late on .It just does not make sense unless you have something solid in place Ie, partner or farmout ,you just would not cancel the Bergen funding with the 3D and up coming drills it does not make any logical sense to me .So yes your right it's wait and see with what they have lined up but it has to be good other wise why cancel the funding for the up coming drills so late on .
aimshares: ducatimanI really can't see a placing it will be to dilutive 3 drills an average per drill of about $7 mill means about $21 mill USD .Lets just placing at 5p means 420 million shares to place which will be over 700 mill shares in issue .Its way to diluted Bergen Global would have been the better option even though they are depressing the share price.Gut feeling they are very close to a farmout deal .But I may be totally wrong just a gut feeling
s1zematters: So we have reached the stage on these BB where pointing out factual content about a outstanding 20 million share convertible instrument that can be excised at circa 20% off the share price at any time is a deramp?? Oh dear! Anyway, If i was looking at MATD i would be very interested in that fact. This has no effect in the long term share price with regards the drilling in the spring but would explain the large overhang right now. Only someone buying for a quick buck today who has now been trapped would find such factual information annoying!
evil_doctor_facilier: Hello all. Right, so Bergen claim as at the 11th September to have had not sold any of their 16 million shares picked up at 7p. On the right hand logic would suggest they intend to sell the shares into the market otherwise why execute the warrant? Save them believing the price was running away it would make no sense to execute the warrant just to sit on them having the effect of sending the share price lower. Meanwhile on the other hand, I would have thought that they would have sold at least a tranche of shares already if selling immediately into the market was their plan. I admit to always being skeptical of Bergen holding RNS declaration , make of that what you will. That said,Cantor have not been overtly aggressive on the offer since the 7th, at least not to the extent they have dominated this share since the death spiral funding announcement. All afternoon the bid was 10.71 and the offer 10.75 suggesting no significant overhang in shares. So what to make of all this? Well you would expect the shares to move forward once the actual spudding date is announced sometime over the next 2 weeks. Although maybe September is now looking a tad overoptimistic for the actual spudding to commence, that could cause a mini blip in the price??? Therefore a cautious optimistic outlook remains to the extent you can be optimistic about AIM O&G exploration companies wildcat drilling. However i believe we need the actual date before meaningful movement to the north. Not one to bet the house on obviously,more your doormat, but there should be good solid action both ways in the coming weeks. I remain a holder.
evil_doctor_facilier: We are witnessing somewhat of a groundhog day experience on Matd yet again. Firstly the share price is walked down to 8.5-9p, then some very suspicious looking 100k= buys come flying in randomly that sparks PI buying. A million or so are sold by cantor ,then suddenly the share price is quickly slashed down aggressively by them. Rinse and repeat! We have seen 3 times now in last few weeks. Classic mm ruse to shift a share overhang... At the risk of repeating myself, do not believe the movement in this share as sustainable until Cantor cease these games. What's more, i suspect the overhang number of shares could well increase. If it does, these games will not be ending anytime in the next few months. This has a distinct whiff of some calibration with a large shareholder who wants to sell on the quite. Who could meet that criteria i wonder?
evil_doctor_facilier: I am personally at a complete loss how on earth this individuals formed the opinion that Bergen would not take advantage of the low share price to excise its option to purchase the monthly $1.2 mil of stock? Moreover the funding agreement is actually set up for Bergen to do this Monthly. Is it not the case that last week large volume buying, specifically Thursday and Friday had no impact on the share price whatsoever and small volume sells instantly had the MM's running away from the bid. Where prey did all that stock originate from? Until Aim companies stop selling their shareholder down the proverbial river with suicidal funding exampled here, then they do not warrant any interest from investors whatsoever. Clearly the presentations timing is at very best suspicious and i suspect 'positive' news flow will inevitable be followed by these transactions. Clearly no one is going to win here save Bergan.... I would put forward as reasonable argument that you would have greater odds achieving a positive financial outcome playing 'pea in the shell' at Oxford street than owning these shares!!!
evil_doctor_facilier: Regarding today's issue of shares at 7p after Bergen selling and i suspect buying as well to create smoke and mirrors all last week . How on earth this man has the temerity to criticise the quality of others posts is amazing! Mattjos 13 Jul '17 - 22:15 - 1646 of 1658 0 1 Bergen & associated parties are specifically prevented from shorting the stock but, not prevented from going long the stock at this stage of the proceedings, are they? What stops them being a buyer / trader now with bias to being long the stock in the run to the drills? An upward trend on the share price in the coming weeks will suit them on that tack & suit the company also.. gains on that tactic merely help them achieve ending up being at least flat, if not in profit, on the funding deal ahead of the drill results and everything thereafter is jam for them. ---------- Mattjos Bergen are currently averaged at something around 30p, are they not? Think they are selling now for a 60% loss? --------------------- Mattjos 13 Jul '17 - 12:30 - 1643 of 1659 0 0 lol ... look at Bergen's average to date ... you think they'll be wanting to sell them at less than 40p? -------------------------------------- Mattjos Bergen are averaged very considerably higher than the current share price & are barred from playing the short side also. Surely they cannot risk seeing the stock price continuing to trend lower below their average, just in case the first drill is a duster.
smithless: prettybullish - back end of last year the mgt stated no reason for the share price going up! You could say forewarned. A lot of wild momentum trading took the share price from 3p to crazy heights earlier in the year -it was based on virtually nothing. It stated it had $6m of cash back in January, which would imply a cash burn of $0.6m per mth. Had a further $5m from Shell since (this has to be repaid if a farmin happens) and $1.2m from Bergen ($2m from the conv hasn't been announced so not included). I suspect it has used another $3m in cash since January, so... 6+5+1.2-3=$9.2m for a drilling campaign. This isn't anywhere near enough, that's why it did a deal with Bergen. Will Bergen be selling? yes. What's is acceptable level for the management to see its share price fall to? 1p IMHO. It has no choice. These are wildcat drilling's in a remote part of the country, with no infrastructure and no history of a discovery even being made in the two blocks or anywhere near them. Very high risk, with about a 3% chance success and that's before a viability study, if they are lucky. I can't see Bergen taking this sort of risk, therefore the likelihood is the share price will weaken or if any news flow Bergen will sell into it. As for a farmin, its not going to get better terms than BG and it would have to repay $5m to Shell. Could be lucky, but investors should be realistic
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