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Share Name Share Symbol Market Type Share ISIN Share Description
Petroneft Resources Plc LSE:PTR London Ordinary Share IE00B0Q82B24 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 2.55 2.50 2.60 2.55 2.55 2.55 349,173 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.4 -5.7 -0.8 - 21

Petroneft Resources Share Discussion Threads

Showing 41476 to 41500 of 41500 messages
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DateSubjectAuthorDiscuss
22/4/2021
08:37
Patience will pay off here, around 1 month ago the CEO promised a swathe of near term announcements, none have come, to me this suggests there is corporate activity ahead, asset sale or sale of the entire company cannot be ruled out. It was been well flagged they are looking to sell out for the right price. Not a time to be out IMO.
goldenshread
21/4/2021
13:15
Same old story here,heading south again.🤞995;for an update soon. GLA
spudders
20/4/2021
09:31
The recent price action isn't indicative of a large imminent event unfortunately
chris cat
20/4/2021
07:58
The above post is interesting, I recall speaking to the then Finance Director of Petroneft back in 2007 about Swedish listed Malka Oil, at the time they had around 18 producing wells, soon after they were taken over by Gazprom Neft for $118m. There is no doubt in my mind that the legacy major shareholder in PTR, namely Natlata, want to exit at a profit from their investment. It was Natlata who inserted David Sturt as CEO and demanded changes in the boardroom, most legacy directors have left the scene. My view is Petroneft will not see out 2021 as a independent entity, news on this could come sooner rather than later, one reason I bought back in and have been adding. I cannot see Natlata accepting anything less than 10p a share (would value PTR at circa £100m) DYOR etc.
tadtech
19/4/2021
23:07
More evidence gleaned from the rather obscure Petrogrand SE most recent Annual Report that Petroneft PLC are, to all intents and purposes, up for sale, they state... 'Petroneft is actively seeking to divest both their licenses' They will receive a bonus payment of $5m should this event occur. The source is accurate because a director of Petrogrand is also a director of Petroneft, Petrogrand were formally known as Malka Oil whose production licences in Tomsk were acquired by Gazprom back in 2008 for $120m - Malka, at the time, were the same size as Petroneft. So there you have it.
flughafen17
19/4/2021
09:04
Definitely something going on beyond usual operational matters IMO. I posted the link to the CEO interview which followed the corporate presentation in early March, he said there would be more news-flow and seemed to imply it would be near term, over one month on nothing. My take is they are in discussions to either sell the company (giving Natlata an exit point) or create value by some other corporate move. We will find out soon enough.
goldenshread
19/4/2021
08:47
Not many available online with Proquote (used by most retail brokers) it's 'at best' only. With IG there are only 250,000 shares on offer at full price then it goes to a premium. Clearly they do not want to sell you many at current levels.
broken_arrow1
19/4/2021
08:25
Yep maybe news soon on output lbe need an asset unlikely wrong part of world.
rolo7
19/4/2021
08:01
Still no update which now seems a little overdue, it does make you wonder if something more material is going on {asset sale or sale of company) Not a time to be out.
observer007
16/4/2021
14:08
News next week seems likely, or will we get another one of these Statement-on-media-speculation Https://www.investegate.co.uk/petroneft-resources--ptr-/rns/statement-on-media-speculation/201807121515045017U/
silverspoon2009
16/4/2021
13:34
Positive or negative?
chris cat
16/4/2021
11:23
Book has just turned , interesting !
broken_arrow1
16/4/2021
10:53
An update cannot be far off, it does make you wonder if something material is going on behind the scenes as I was expecting one this week. The all weather road was near completion in early March so that is newsworthy as is further news on the mini refinery and a plethora of other updates were flagged in the CEO's last interview. Could it be that the takeover speculation is correct and that is delaying updates?
observer007
16/4/2021
08:27
There are only 500,000 available at full offer then a largish move to 3.2p.
broken_arrow1
16/4/2021
08:05
The above statement is more evidence they are up for sale and have clearly attracted decent interest. Recent operational and infrastructure improvements simply enhance the sale price which will be significantly ahead of the current share value. No wonder the market is tight.
flughafen17
16/4/2021
07:12
Good morning Apologies for my error on the share count yesterday, the number was taken from the Petroneft website but they have not updated to account for the director and related parties debt conversion, a significant event in my considered opinion. I wondered if anyone can recall this fairly recent statement which suggests the sale of the company is the preferred option. We believe that the continued and sustained improvement in our operational and financial performance demonstrated during the period will enhance our ability to generate value for our shareholders whether it be through a full or partial sale or continued development of the assets. This is a exciting time for shareholders, no wonder the share price is moving up, the company remains significantly undervalued. Good luck all.
tadtech
15/4/2021
13:03
Petroneft said this in their last Annual Report dated September ..... "We also continue to receive interest in our assets and business from a range of industry participants" Since then the oil price has strengthened significantly and PTR has increased oil production.
goldenshread
15/4/2021
11:50
Bidding just over 2.8 for 500k and offering stock 3p good two way trade looking to go better wouldn't surprise me to see 3 on bid 3.3 on the offer end of day.
thetoonarmy2
15/4/2021
10:31
L2 shows 400k to sell at 2.8p, 400k to buy at 3.1p. 100k sells going through at 2.8p, 100k buys going through at 3.07-3.09p.
johnswan193
15/4/2021
09:23
Just 100,000 shares sitting there at 3.1p - good luck getting those. Other than the above nothing much online currently, they want a premium for 250,000 shares @ 3.2p, most online providers are 'at best'
broken_arrow1
15/4/2021
08:28
The above interview, 19 minutes in ... 'we have a stable full of value creation opportunities' You bet they have !
observer007
15/4/2021
08:17
This is the last interview from the company. Https://vimeo.com/524218057
goldenshread
15/4/2021
08:07
It is true to suggest PTR's major shareholder is aggressive, they called 2 Requisition Meetings for a start and were scathing about the old management. Natlata first appeared on the register in 2012 as far as I can ascertain so they have been here a long time and want a return, sale of the company would suit them, for the right price. News was expected so one wonders if something material is ongoing, the last interview with the CEO was very upbeat.
goldenshread
15/4/2021
07:57
tadtech well over 1bn sgares in issue now plus more debt share issue to come, hope you are right.
rolo7
15/4/2021
07:03
Good morning. For what it is worth I fully believe Petroneft management are exploring ALL options to return value to shareholders but a takeout seems very probable. There have been a number of sector related buyouts in Russia recently, Petroneft commented the environment for such events had improved significantly in recent times. Make no mistake Natlata (current holding 25.79%) are aggressive shareholders and want payback for their significant long standing investment in the company. So what price would Natlata accept, my view is it would have to be in a range of 10p-15p a share (919m shares issued) One thing is clear Petroneft are miss priced in the market, that will become obvious shortly. Good luck all.
tadtech
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