Petroneft Resources Share Discussion Threads

[crudde99] 17/12/2014 18:44

It would be a very wise person who would hazard a guess as to exactly what Ptr will need to (as sif12 says) get moving....???

[loganair] 17/12/2014 18:39

sif12 - Brent Crude is currently down 2%. Urals oil tends to follow Brent rather than WTI which currently is basically unchanged.

I believe most of the fall in the oil price is due to Saudi Arabia wishing to crush the US fraking industry which at $60/bbl makes 60% of US fracking loss making.

[sif12] 17/12/2014 18:27

Rouble up, oil up, ptr down.. seems like we'll need a sustained rise in oil before we get moving again.

[seangwhite] 17/12/2014 10:58

At the present time they may as well leave any news till after Xmas when the world starts to look forward and maybe the oil price hs stopped its death spiral.Once the POO starts to stabilize ( it will) and shale and other marginal production is cut back if PTR can show a growing ooutput our BOD can revel in glory!

VGLTA

[steelwatch] 17/12/2014 09:50

ravin - if they had announced, assuming they could yet, that A106 is flowing at X bbls per day, I doubt it would have made any significant difference in the current febrile atmosphere.

[danny111] 17/12/2014 08:51

Ravin - totally agree. In my opinion, it's not the amount it's the fact that once again this BoD have not done what they said they would do. They said they would release news every 6-8 weeks and we are now outside the latter window, even though they should have news to report if they are not further delayed of course!

[ravin146] 17/12/2014 08:46

Steel I didn't say is it not rouble related, of course it is, as the amount of sells don't justify the price change. I'd rather hear that the well is producing 100bopd than nothing and then say a month down the line, actually it was in fact delayed or something like that. Ptr needs production growth and I don't believe 100 bopd is insignificant(not significant based on the big boys yes) based on ptr's history and small size, when we are talking 5-10% of current production level I'd say that is still good enough to announce as it all adds to the pot.

[steelwatch] 17/12/2014 08:34

Rouble bounced this morning.

[rockin robin] 17/12/2014 08:31

At 4p on the strength of 100k (x) shares sold - I don't think so.

[steelwatch] 17/12/2014 07:44

ravin - imo, this fall is due to panic fears over a collapse in the Russian economy, not lack of news in respect of one fairly insignificant production well which is most likely hooked up and flowing @ c.100 bopd!

[ravin146] 17/12/2014 07:27

It is ridiculous now, it should be in the bod's interest to keep this share price up or have some support, news must be on their deluded minds! 3p looks a cert if buyers don't flock like vulters now...happy Xmas from ptr!

[ravin146] 16/12/2014 22:31

Lol 6months. I'm here until jan and will evaluate if any news, and now price too!

[woodpecker25] 16/12/2014 21:00

I've taken a few at 4.1. Average down. Got to take a 6 month view on these imo. Hopefully have an RNS in that time too.

[rockin robin] 16/12/2014 18:29

Looks like someone bought all the sold stock - strange that.

[steelwatch] 16/12/2014 16:39

"It's basically people getting squeezed out via margin calls,” said John Kilduff, partner at New York hedge fund Again Capital, said. He noted that weekly data from the Commodity Futures Trading Commission showed many still long on the market despite the six-month long price rout.

[loganair] 16/12/2014 16:25

granto2 - are able to Buy at 3.9p in London.

Over the past 24 hours all I see when it comes to Russia is 'Panic' and 'Fear' in the markets and people saying 'you can't trust Russian's.'

Rouble down nearly 20% today.

In rouble terms Urals oil is trading at an all time high of over 4,400 roubles/bbl.

The Russian government needs around 3,600 roubles/bbl to balance the state budget.

[granto2] 16/12/2014 16:20

I have been trying to buy in Dublin all afternoon, there is nothing to be had for below.5.9 cent/ £4.72stg. I did get a few shares bought at 5.6c but then it dried up. What is going on in London ? my system won't let me buy there if the are also quoted in London….annoying. Are the MMs at it over there ?

[crudde99] 16/12/2014 16:13

The share price could be heading very low here as there are far too many head winds affecting PTR at the moment. Ptr receives only a fraction per barrel of oil produced of a still tumbling international oil price. Russia an absolute no no re. anything to do with business presently. Also to be honest the brand name still doesn't exactly instill confidence in potential investors and a silent non responsive B.O.D. certainly wont help with sentiment...

[dubhgeannain] 16/12/2014 15:42

If it wasn't a takeover target before. At 3.90 the vultures could be circling. Rationality seems to have deserted us for the moment.

I'm guessing Natlata have been castrated somewhat by the crisis in Russia and haven't been able to buy into this plunge. If it wasn't for them accumulating from the previous lows, where would the price have got to?

If I had the funds I'd be very inclined to average down here.

[rcturner2] 16/12/2014 15:17

They used to announce the Arb drills as soon as the flowrate was known.

[steelwatch] 16/12/2014 15:12

RCT - not unusual for PTR to bundle several news items into one update. At one time DF said approx. 8 weekly updates, but that was several years back.

[steelwatch] 16/12/2014 15:09

several Irish stocks getting hammered today for no apparent reason:

COP -13.3%
LOGP -14%
ORM -10.1%
PTR -17.1%