Petroneft Resources Share Discussion Threads

[rockin robin] 16/1/2015 17:37

Everyone has a point of view. But still interesting to see the supply & demand mismatch & the 'over-done' reaction to the Price of oil...

[dbarr0n] 16/1/2015 13:09

steel.. mail box

[rcturner2] 16/1/2015 08:33

I can't see that being anything other than a buy. The price drop on the day looks like usual mm tricks to panic some sellers to balance the books.

[lr2] 15/1/2015 23:52

If it was a 'sell', the city boys will want to shift the shares on at a profit so look out for a near term price rise for no obvious reason.

[steelwatch] 15/1/2015 23:46

Incidentally, the Tuesday trade is marked 'Y' - 'Y' Late Trade, so could have been a sell triggering the drop that day


free stock charts from uk.advfn.com

[steelwatch] 15/1/2015 23:33

Kev - yes, just found that too. First press of the "earlier" button on the advfn page shows there were only 10 trades today, but going back further reveals as LR2 states above.

[kevjones2] 15/1/2015 23:29

Yep LR2. It's on LSE. Looks like a buy to me but I can't be certain.

[lr2] 15/1/2015 23:23

It's a trade from Tuesday, SW.

13-Jan-15
14:16:39
4.05
10,000,000
Buy*
3.75
3.95
405.00k
O

[steelwatch] 15/1/2015 23:19

ravin - looking at the LSE list of trades for today, the 10m does not appear. advfn have it marked as L(ate) reported, so may be from a previous day which would explain why today's share price was not affected by it. Therefore, anyone's guess as to whether a buy or sell.



LSE doesn't seem to have access to earlier days.

[kevjones2] 15/1/2015 21:49

Double post

[kevjones2] 15/1/2015 21:47

Ravin, I was thinking the same thing until I read numerous oil company discussion boards today. Everyone seems to be complaining that their companies' share prices have been dropping despite much more buys than sells. So, I think that that 10m share buy served to stop the share price dropping even lower rather than not helping it to rise (if you know what I mean).

Bottom line is this: the oil price crisis and its negative influence on market sentiment cannot be overstated enough.

Still, it looks like the vultures are circling around some of the penny stock oilies. Even the big boys are suffering - Tullow for example. Ptr seem ideally positioned for something of a decent share price rise (6/7/8p) as soon as oil prices increase.

[seangwhite] 15/1/2015 18:56

Well Spudders if Natlata has bought more it means someone has sold!Lets hope it is not DF as he is the only board member with a decent enough holding.Looks like T5 results might not be till next month which might be no bad thing in the present turbulent Oil industry enviroment VGLTA

[ravin146] 15/1/2015 18:54

Ok 10m not bad...def a buy but why did that not push up the sp?!

[spudders] 15/1/2015 18:17

RR, someone has faith. Let's hope it's not Nat having another bite, could cause trouble.

[rockin robin] 15/1/2015 17:35

Hmm..10,000,000 reasons not to sell atm

[steelwatch] 15/1/2015 09:00

RCT - Yes, I agree on oil supply which is increasing still in the US in particular as more wells are being fracced and completed due to backlog caused by shortage of fraccing and completion crews. However, the onshore rig count is dropping month on month and depletion will start to kick in as the year advances. Then, of course, there is the sticky issue of servicing debt...

[rcturner2] 15/1/2015 08:16

Steel, one interesting thing in that article is that gold was flat in 2014. I think oil when it settles will stay low for 6-12 months and that will be the tough period. Supply is ahead of demand in oil and supply is not yet dropping. All the producers are cutting forward capex but not current production. Depletion will depress supply eventually but that will not happen overnight.

[rcturner2] 14/1/2015 18:24

A good question. Afren if it survives will be a bargain, but there is no end in sight yet for the fall, it looks so much like the gold shakeout which of course has not gone back up to where many predicted. I actually think the safest route to play the oil price fall might be in the services sector, I like PRES for example, which has real profits and a dividend and is only 70% oil and gas. Share price there has been crucified recently.

[sif12] 14/1/2015 17:07

every oil share is taking a kicking.

put it this way, theres always certain things that have to be assumed..mine is that oil will recover later this year to around $60.

given you spend so much time posting on various threads when you hold nothing, you must have a view as to which cos offer best value if/when oil recovers?

[sif12] 14/1/2015 15:00

RCT, so out of the goodness of your heart you spend you free time posting for other benefit?

your posts on this board and others aren't of an analysis nature, no breakdowns etc, to indicate value, they are just negative for the sake of.

I genuinely want to hear sound analysis providing contrarian view.. eg on current production, plus potential from new drills, revenue, cashflow, potential further risks at say oil at 30 or sustained at 40..put a negative spin on it, but structure something instead of just bitter cycnical posts..

its either you sold, lost and so want further falls to validate you decision, or you just have way too much free time..

based on no debt, strong partner and a much visible plan ptr seems like a good bet..same thinking around tpl.. oh and pmo over medium term

sif

[granto2] 14/1/2015 14:39

RCT, I am a holder here, and I am not entirely happy, but I do think it offers potential long term. I'm holding.

[rcturner2] 14/1/2015 14:29

When I held this share, we got some valuable opinions from non-holders I found. Since holders tend to be looking for reinforcement of their decision to buy they are not impartial, this is only human nature. Non-holders on POG and Afren for example have provided input that cannot be undervalued.

[dbarr0n] 14/1/2015 14:15

RCT ... That is an opinion which I don't entirely agree with.
In my opinion times like these are good to be buying as long as you can hold for the medium to long term.
There might be a little more downside but not much in my opinion.

But when I am on the ditch I keep my opinions to myself. lol