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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
  -0.15 -5.36% 2.65 2.60 2.70 2.80 2.65 2.80 761,620 09:01:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.4 -5.7 -0.8 - 22

Petroneft Resources Share Discussion Threads

Showing 41526 to 41550 of 41625 messages
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DateSubjectAuthorDiscuss
17/5/2021
09:51
The post from Tadtech is very encouraging, seems to have been invested in Petroneft a VERY long time - off and on - according to the search facility on this site. If this poster feels the shares are on the cusp of a significant re-rate it's time to take note IMO. Seems to suggest folk are underestimating the prospective upside here if things go according to plan.
silverspoon2009
17/5/2021
08:42
No online buy side quote available with most retail brokers, IG still have 250,000 at full offer then it goes higher, for larger size there is a significant premium. Anyone who wants in best place a limit order at full offer.
broken_arrow1
17/5/2021
07:58
At the close on Friday they only had 250,000 shares available at full offer, the size limits on the buy side have reduced significantly over the last couple of weeks. The above implies another decent up move is imminent.
broken_arrow1
16/5/2021
22:06
Will be adding tomorrow, expecting strong share price growth over the next month or so.
mrmcnee
16/5/2021
17:53
Russian Domestic Oil price hitting 12 month highs once again, this is very beneficial for Petroneft. As a result of high oil prices Rosneft returned to profit recently. Https://www.themoscowtimes.com/2021/05/14/russian-oil-giant-rosneft-back-in-black-as-prices-recover-a73903 As others have pointed out I believe the next update will be very material for Petroneft shareholders, the remedial work on well L2-a is ongoing with results expected by end June. The well in question has the ability to seriously change PTR production profile, putting them closer to the 3000 bopd attained in 2012. It is worth noting that the last time Petroneft produced 3000 bopd they were valued at £224m, appreciate things have changed but it gives an idea of future prospective upside. It is obvious the current market valuation of £34m is totally out of kilter to forward production plans, reserves, possible corporate activity and the rising domestic oil price. The new management team are not messing around either. I have not been so excited about PTR as a investment proposition since I was buying at 9p in 2009, sold at 55p 18 months later, I see a similar percentage move in due course. Took some more stock on Friday.
tadtech
15/5/2021
09:33
It does not take much in the way of volume to move the share price The shares are tightly held so any reasonably large purchaseoves it up quickly
seangwhite
14/5/2021
15:56
Interesting volume kick this afternoon, is news coming next week one wonders? Worth noting the company has a "for sale" sign over it, for the right price of course, nothing short of £100m IMO. Now valued at only £31m
goldenshread
14/5/2021
15:32
Only 250,000 shares available at full offer then it moves up again, the book is very positive currently, looks like the Zak Mir target of 4.3p by month end is on.
broken_arrow1
14/5/2021
14:34
The result from the workover of the former MOL well - that delivered flows of 1000 bopd - is eagerly awaited, the new team at Petroneft have performed impeccably from a operations point of view. If this well performs then PTR would be producing about 2500 bopd, makes the current value of £30m farcical. If they announce success with a decent production level the shares could easily double from current levels. No wonder buyers are starting to appear !!!
observer007
14/5/2021
14:22
Book has turned positive, buy size limits have been reduced, only 250,000 shares at full offer now. RSI is a neutral 55, so plenty of room for upside ahead, good entry point for traders.
broken_arrow1
14/5/2021
09:51
Not a particularly large amount of stock on the book currently before it moves up. I notice they expect results from their operational work before end of June so I suspect buyers will start entering shortly in anticipation. Always better to buy illiquid shares like PTR before larger volume kicks in.
broken_arrow1
14/5/2021
08:42
Goldenshread The well you refer to is not a exploration well, this well (named L2a) was initially drilled by MOL and flowed at 1000 bopd - MOL never had a chance to case the well so flow was hindered and they moved on. Petroneft aim to run a liner into the well to protect it's integrity and then re-test If all goes according to plan this well alone could increase current production in a range of 40% to 70% . It is obvious what management are doing, targeting low cost operations for maximum impact, folks selling the shares are balmy, on operational success the share price could surge ahead with 5p+ possible
silverspoon2009
13/5/2021
21:07
Hope your hunch is right. Any good news should see 4p in a short time frame. Looks favourable for a take out layer on when reserves are properly verified.
seangwhite
13/5/2021
10:06
The shares have consolidated nicely around the 3p level, I expect the re-rate to continue and am happy to wait. The new BOD seem determined and confident they can deliver significant value way beyond the current market cap of £30m, the time to buy is when it is quiet. The next news (drilling result from Licence 67, 90% owned) is imminent, Tomsk is oil rich so am expecting a strong RNS, previous in location pay levels have ranged for 10m to 80m and flows around 500-800 bopd, this one well could materially alter the market valuation of Petroneft.
mrmcnee
11/5/2021
12:06
Buyers returning to Petroneft ahead of what could be a very interesting update, their plan to increase production and drive down costs is working splendidly, also with one eye on a corporate sale (at the right price) Materially undervalued but the shares are increasing hard to buy, any sales are immediately mopped up. The next update could further drive the re-rate, 4p/5p is on, even then only £40m/£50m m/cap.
silverspoon2009
10/5/2021
15:17
There has been some decent buying over recent sessions that's for sure.
goldenshread
10/5/2021
15:07
Book is getting stronger behind the scenes, looks like a move up coming, the next move could target 4p - 4.5p range, this is definitely re-rating.
broken_arrow1
08/5/2021
11:51
The new team have done well and I hope if they are approached to sell it can achieve double digits for the share price take out.
seangwhite
07/5/2021
14:25
One Field which has just gone into production has 19 million barrels of oil this will be developed quickly to prove up the value and they have already moved on to another field on a work over all this and more happening on L67 at 90% ownership. over on L61 already producing 900 bopd net with plans to significantly increase with 50% ownership Now this seems to me at £30m to be very cheap the new board are seeming to want to prove up as much as they can very quickly, not forgetting they swapped Debt for equity so maybe a sale of all assets will happen this year ? Big Question is how much ? I am seriously thinking $200 million.
1utah
06/5/2021
22:31
Bonkers to be selling now. This company's actually getting the stuff out of the ground, and in increasing numbers.
organstop
05/5/2021
10:32
Good to see the lowest bid and ask becoming well established at over the 3p marker. f
fillipe
04/5/2021
16:19
Very important to see PTR rising after the initial dip. Rarely happens here. Could be the start of something big.
kevjones2
04/5/2021
12:55
Hopefully they will continue to feed the market with news - I suspect that is not far away.
mrmcnee
29/4/2021
07:59
Gone quiet here, suppose a re-trace was inevitable at some point but doubt it will last long.
broken_arrow1
28/4/2021
10:39
MMS killing this ,
rpat2
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