Petroneft Resources Share Discussion Threads

[whoppy] 08/3/2022 16:33

BREAKING
US announces ban on Russian oil

President Biden has confirmed a complete US ban on Russian oil, gas and coal imports.

He says moves means the "American people will deal another powerful blow" to Putin's leadership.

"We will not be part of subsidising Putin's war," Biden adds.

Despite mounting fears of rising gas prices, the move has widespread bipartisan political support in the US.

Oil prices have been surging in anticipation of Biden's announcement - with the price of brent crude, the international benchmark, rising more than 5%, to $130 a barrel.

The US move is more immediate than in Europe, which is far more reliant on Russian oil and gas.

[whoppy] 08/3/2022 16:28

BREAKING
UK to phase out Russian oil.

The UK government is to phase out Russian oil and oil imports by the end of 2022.

This transition period will give the market, businesses and supply chains more than enough time to replace Russian imports – which make up 8% of UK demand, it said.

It echoes a similar proposal from Washington, where President Biden is set to announce a complete US ban on Russian oil, gas and coal imports.

The EU has also today made moves to reduce the continent's reliance on Russian gas, saying it aims to cut its demand by two thirds by the end of the year.

The UK is less reliant on Russian fossil fuels than many European countries. But Russian supplies still make up 8% of overrall imports into the UK, and 18% of UK diesel comes from Russia.

[whoppy] 08/3/2022 14:23

Biden is going to ban Russian oil this afternoon. UK likely to follow suit.

US expected to ban imports of Russian oil.

US President Joe Biden is expected to announce a ban on US imports of Russian oil later today.

The announcement is expected to come as the latest sanction in response to Moscow's invasion of Ukraine.

The White House said Biden is set to speak at 15:45 GMT to "announce actions to continue to hold Russia accountable for its unprovoked and unjustified war on Ukraine" .

Biden's administration has been under increasing pressure from US lawmakers to take this step.

[broken_arrow1] 08/3/2022 14:06

Only 500,000 available at offer then it moves up, the advertised bid is not correct, it was 1.23p when showing as 1.1p, they want your shares.

Looking at volume the drop from 3.4p to 2p was on pitiful volumes of shares traded, no wonder they are trying to deter buyers with that wide advertised (but false) spread.

[whoppy] 08/3/2022 13:54

Shell are pulling out of Russia completely and are not buying Russian oil. While I do see PTR as cheap, it's cheap for a reason, considering the uncertainty and what British firms are likely to be pressured into by the government, regarding Russian oil, and what sanctions Putin will impose on British firms, particularly oil interests, you can be left with nothing at a stroke. PTR very vulnerable and it's highly likely they will be sanctioned one way or another.

[1utah] 08/3/2022 13:36

Russia are struggling to sell the oil and now US to ban Russian oil today
Breaking news on Bloomberg. This price will go down as fast as its moved up. gla

[mindthegapup] 08/3/2022 13:15

Bid price of 1.10p is false - MM's will take 500k at 1.225p and up to 800k at 1.183p

[don777] 08/3/2022 12:17

the new Chairman Mr Alastair McBain worked in china before and speaks fluent chinese.
he could bring chinese money in PTR.
plus 50% of our L61 is owned by a big India state oil company.
so we are in safe hand with hopes.

[m1sterx] 08/3/2022 11:51

PTR related




*Walter Bloomberg

@DeItaone
·
16m

*CHINA MULLS BUYING STAKES IN RUSSIAN ENERGY, COMMODITY FIRMS

[tadtech] 08/3/2022 11:34

Not surprised to see the share price recovering, the near 80% fall from the January 5th high of 4.85p was excessive.

Even considering political risk the shares, in my view, should be trading no lower than 3p which would equate to a market value of only £40m.

Directors continue to convert their loans into shares which means they are totally aligned to retail investors.

I never ever thought I would get the chance to buy at current levels again, a great opportunity in my considered opinion.

Good luck trying to get a decent slice of stock !!

DYOR etc

[arab3] 08/3/2022 11:34

How much to sell broken arrow ?

[m1sterx] 08/3/2022 11:19

Up 34% today but that is just the start.

4.9p in January.

[broken_arrow1] 08/3/2022 11:08

They now want 1.55p for 1m and 1.45p for 500,000, a very significant premium.

Cannot buy anything at full offer currently.

[broken_arrow1] 08/3/2022 09:24

Only 100,000 at full offer then it moves again. They want 1.30p, a significant premium, for 1m, last week you could buy 1m under offer price !

[observer007] 08/3/2022 09:13

Looks like Tadtech has timed his/her entry point perfectly once again, seems to know Petroneft intimately !

Some comment in the media how Russian stocks are being bought by Chinese & Indian investors, Petroneft was trading at 4.5p in January I noticed.

[broken_arrow1] 08/3/2022 08:57

The book is is turning, can only buy £5k of stock at full offer then it moves up, last week there was £30k available.

[m1sterx] 08/3/2022 08:39

Lots of Russian stocks bouncing hard, for risk adverse types there could be huge returns for relatively small cash outlays.

[whoppy] 07/3/2022 15:39

Sky news breaking news

"Russia vows to target British interests with sanctions"
"Russia's foreign ministry has vowed to impose tough yet proportionate measures against British interests in Russia over what it called "sanctions hysteria" in London.
It said Britain had clearly chosen to move towards an open confrontation with Russia, leaving Moscow with no choice.
It said the unspecified measures "will undoubtedly undermine British interests in Russia".

[whoppy] 07/3/2022 15:36

That will change. Germany said they weren't going to shut down NordStream 2. But they did.

EU avoids talk of energy sanctions.

The crisis in Ukraine has already spurred the EU towards mini-revolutions considering its usual slowness to take action.

Brussels got rid of age-old taboos such as sending weapons to a country of war and applauding the rearming of post-World War Two Germany.

Now the taboo of taboos, known as energy security, looks like it may be smashed too. Russian violence against Ukraine is heaping pressure on the EU to impose energy sanctions. The bloc depends on Russia for 40% of its natural gas and a quarter of its oil imports.

What’s the point of all the EU’s financial sanctions, if Vladimir Putin’s war chest is filled on a daily basis with oil and gas revenues, you might ask?

So here we are: the US and Ukraine’s indefatigable President Zelensky are leaning on Brussels to slap sanctions on oil imports at least.

Eastern EU countries, like the Baltics, strongly agree. They feel particularly exposed by the Russian threat.

But other EU members, like big hitters Germany and Italy, feel more threatened by spiralling energy prices.

Emmanuel Macron of France is about to stand for re-election as president. He too is wary of making what could be unpopular moves amongst drivers and people needing to heat their homes.

So, for today, the EU has avoided talk of energy sanctions. Instead, it’s repeated plans to move as fast as possible from energy reliance on Russia: finding alternative suppliers and working on renewable energies.

But turning that wish into reality will take time - something Ukraine does not have.

[space_dust] 07/3/2022 15:31

More 'comfort; for PTR shareholders.



Conflict News

@Conflicts
·
1h

BREAKING: Russian energy imports 'essential' to Europeans' daily lives, cautions against oil and gas sanctions: German Chancellor Scholz

[whoppy] 07/3/2022 15:22

There won't be any surrender in Ukraine or a back down from Putin. It will end when Russia's economy has been laid to waste and the Russian people will be demanding where their money is. No one is touching Russian oil if they can absolutely help it and Europe are about to turn themselves away once alternative supplies from Saudi Arabia and Venezuela have been found. Urals oil is selling at a massive discount to Brent. Russia will announce all western interests in Russia have been sanctioned, especially British companies. PTR have no other assets to fall back on.

[space_dust] 07/3/2022 12:58

EUA bouncing hard on a possible 'war end' settlement.

[tadtech] 07/3/2022 12:49

Have been buying since Thursday, cannot believe the current share price, Petroneft has served me exceptionally well historically.

Not for widows or orphans but I see the current price as great money making opportunity.

DYOR etc.

[goldenshread] 07/3/2022 12:44

First signs of Russia looking for a way out - more peace talks being discussed, a few Russian stocks have started to bounce.


KREMLIN SPOKESMAN SAYS UKRAINE MUST RECOGNISE CRIMEA AS RUSSIAN, AND DONETSK AND LUGANSK AS INDEPENDENT STATES || SAYS IF THESE CONDITIONS ARE MET, THEN RUSSIAN MILITARY ACTION WILL ‘STOP IN A MOMENT’