Petroneft Resources Investors - PTR

Petroneft Resources Investors - PTR

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Stock Name Stock Symbol Market Stock Type
Petroneft Resources Plc PTR London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-0.05 -1.33% 3.70 12:56:26
Open Price Low Price High Price Close Price Previous Close
3.75 3.65 3.75 3.75
more quote information »
Industry Sector

Top Investor Posts

seangwhite: I agree that holding PTR for 11 years definitely makes you a long term investor.
1utah: Only one way the share price is going its been a steady rise to this point and the news coming over the next 2 months will move the share price forward. The potential is huge and now the right management team are in place its all about being patient as an investor. As said before the shares are in very tight hands so when exploration news lands for L61 and the development news on increasing production from L67 we could be looking 10p+ in early 2022.
telegraph1: I agree with you sean no point in ramping this up until more solid evidence is in investors have to make there own choices but I would advise caution at the moment this can turn either way on a sixpence but I hope long term holders get some of there money back soon
1utah: In 2011 the share price was over 70p with around 40% of the number of shares that are now in the market. At the time Petroneft owned 100% of Licence 61 and 50% of license 67. They now own 50% of Licence 61% and 90% of License 67. The asset base has always had massive potential but the previous board wasted money drilling hole after hole without the 3D's. The New Petroneft still has the amazing asset base but now has the experience on the board and the management team to get the best from these assets. Example being L67 now in production and the fracking that give a 400% increase to production on some old wells. With the known oil and exploration target upgrades along with production at 1200bopd this should be today valued closer to 10p then we await the reserve report and then increased production. Its one of these shares with a great turn around story attached and for what ever reason the market is missing it. A massive plus point for the investors that are already in here is that not many shares are available so this will rise quickly from here with good news flow. Then with the data room open the company is getting interest from cash rich oil companies so I would expect in 2022 if not before Ptr will have an offer on the table well north of 10p.
1utah: Another good day on small volume of trades. The board and large investors that have submitted a TR1 hold 80% of these shares. The company is still under the radar and that can be seen by the lack of content on the forum boards and no telegram set up yet. The company has a new life with this new board and the updated auditors report on reserves will have many of investors scrambling for shares, then comes the broker report that will put some real numbers to this company. Have a look back at some previous broker reports on the website the uplift in market value here will be significant.
1utah: Follow @JerseyTrader & @Earlofwisdom on twitter. Great timing by petroneft as Oil demand has gradually increased after the initial shock of the Covid-19 pandemic, and OPEC+ continues to hold back volumes from the market. The consequent high price movement has been further supported by a slow ramp-up in US tight oil activity. In conjunction with the persisting low investment environment, E&Ps are enjoying super-profits. The Free Cash Flow means more surplus cash for E&P companies and historically there has been a strong link between FCF and activity levels. Merger and acquisition (M&A) activity has recovered in 2021, with transaction values increasing by around 30% compared to 2020. Watch this space Petroneft has massive reserves close to major oil companies running on the same pipelines. No chance of a low ball off as the board & TR1 investors hold the majority of the shares.
1utah: With the board and other significant holders having 80% along with long term investors and those holding below 3% the real free float is probably less than 10%. Some Interesting posts on Twitter with real knowledge recently I have a feeling this will re rate quickly as production is increased in the coming months. When you forget about the past and look at this with fresh eyes its got serious potential. The Board and the team have the experience as already shown and when they recently converted debt to equity, reduced costs and did not use the debt to pay for the construction of the all weather road its time to take notice of what actually is going on. My Prediction is that this will be North of 10p by year end and continue rising through the winter programme. At that point more of the asset base will be proved and production 3/4 times current levels ready to be sold in 2022.
kevjones2: I should mention that I can see why this is such an attractive investment for new investors too.
goldenshread: The new CEO has delivered both operational improvement and has kept his word on market communications. The most recent interview he re-iterated the team are determined to deliver shareholder value, it is also worth noting a outright sale of either the licences or the entire company cannot be ruled out. More news is imminent. CEO comments after his appointment..... Having spoken to investors in the past, one persistent theme that comes through is the desire for the company to communicate more proactively with its investors and the market, as the new CEO this is something that I am committed to achieving. We engaged a financial advisor with the aim to test the market for both of our licences. This process is ongoing and I am very pleased with the level of interest and the calibre of companies that we are currently talking to.
rolo7: Share holders on stockepedia only 9% free float?! Korobov (Maxim) Individual Investor Natlata Partners, Ltd. Corporation Shaftelskaya (Daria) Individual Investor J & E Davy Holdings Limited Holding Company Francis (Dennis Carl) Individual Investor GPIM Limited Investment Advisor Zhai (Duming) Individual Investor Sobraliev (Ali) Individual Investor Sturt (David) Individual Investor McBain (Alastair D) Individual Investor Others Report date Holding Change % Held Jan 14, 2020 240.6m 240.6m 28.67 Jul 10, 2020 210.1m 1.6m 25.03 Jul 10, 2020 80.8m 2.7m 9.62 Jun 18, 2019 59.2m 6.0m 7.05 May 14, 2020 46.8m 10.5m 5.58 Jan 16, 2020 45.3m 45.3m 5.40 Jul 10, 2020 28.0m -9.0m 3.34 Jun 18, 2019 23.0m 0.0 2.74 Jan 14, 2020 16.5m 12.5m 1.97 Feb 1, 2021 12.7m 12.7m 1.51 9.09
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