Petroneft Resources Share Discussion Threads

[dbarr0n] 18/10/2015 17:29

Sean ..
1.The share price is in a rut not the company itself.

2.The company has been adding value through increasing production, increasing reserves and cutting running costs.
3.Who said the largest holders mistrust the BOD ?. Natlata were the only ones who said anything, and we know they increased their holding from under 3% in the summer of 2013 to 21 % last month so they added at least 127 million shares while on the other hand they said they were not happy with the bod and the way they were running the company.
What a load of bull ....
4.Who says they need to raise funds by equity raising ?.
If they were to fund the development of Sibkrayevskoye next year Petroneft would need in the region of $ 15 million for their 50% of pipeline, drilling pad and the first 5 wells.
If the defer Sib till 2016 and subject to oil price they may be generating enough cash to cover this project without borrowing or equity raising.
Sib should be self financing after that with an oil price of $65 - $70.

[seangwhite] 18/10/2015 12:27

We all know that large holders can pick up the phone and speak to the BOD and that the BOD actively try and garner support from the IIs when under threat.It is obvious that PTR is in a rut along with most other E&Ps due to current POO.The supporters of the BOD fail to answer the big question of how do they plan to add value when the largest holders apparently mistrust them mainly due to their record.How can they plan longer term if equity raising is off the table.Let's hope T501 comes good for all holders.VGLTA

[loganair] 18/10/2015 10:01

Large share holders in any company usually have one to one private personal discussions outside of AGM's.

[kevjones2] 18/10/2015 02:06

The lack of understanding/knowledge is extraordinarily evidenced every time they go on about Natlata/GI. Some posters here actually thought those companies would be pivotal discussion points at the AGM! Crudde nearly explodes in excitement every time the share price drops. Lol.

It is entertaining nevertheless.

[ravin146] 17/10/2015 23:03

Steel, lol.I forgot to mention, bod suck lol

[steelwatch] 17/10/2015 22:38

Knock, knock.


"Who's there?"






The usual knockers of course, regular as clockwork.

[seangwhite] 17/10/2015 21:06

RavAs the saying goes 'it's a long road without a turning'Let's see how much further our dear BOD have to travelVGLTA

[ravin146] 17/10/2015 14:29

Natlata and general must be on paper losses imo, and boy do they have cash to gamble. If in their position, would stand for any of this in last 6 months.

[ravin146] 17/10/2015 13:12

No shareholder value atm for new investors, money to made elsewhere at other oilys imo.Bod needs a shake up for sure!

[seangwhite] 16/10/2015 20:48

Fair summary Rav although it's hard to see how this can end without the largest holders being on board in both the literal and everyday sense

[ravin146] 16/10/2015 19:19

Crudde keep dreaming...short term this could hit 3p. Can't see any approach beside a cheap accumulation by natlata. I've said this before without a surprise increase in production, ain't going to happen now as far off 4000+, and importantly a surprise reserve update, ain't going near 6/7p.Oil price/Russia Syria Ukraine involvement, price will be suppressed. Current oil price rise should see this edge back near 4p but it is still low, held lower by the cheap accumulation by someone. This will be a slow burner, could even flat line at best hit 6-7p but that is still far off company valuations. Not attractive to new investors as can be seen by the low volumes excluding the accumulators.Funding going forward is another question that could peg the price. If cashflow is not enough it's all back to square one imo. Loans, share issue or even farmout more areas.Lacking positives atm, except that Oil is a partner and currently it's debt free, though production is growing it's not a market mover.Imo, dyor, gla esp long termers

[crudde99] 16/10/2015 14:11

It would be nice to see some move on Ptr as I too see this as the only means of share price appreciation ( however slight ) in the short term. I wouldn't hold my breath though as we've been languishing at these low levels for quite a while now without any inkling of an approach...

[rockin robin] 16/10/2015 09:15

https://www.bloomberg.com/news/articles/2015-10-14/oil-fall-means-almost-everything-for-sale-as-deals-accelerate

[rockin robin] 16/10/2015 08:01

What makes PTR such a compelling target ? When.....http://www.bloomberg.com/news/articles/2015-10-14/oil-fall-means-almost-everything-for-sale-as-deals-accelerate

[seangwhite] 15/10/2015 20:56

Well Rav my guess is we end up closer to 3.5k than 4k for output at year end.The large shareholders may make a move prior to a reserves upgrade but at the moment a small premium to 5p would convince most holders to take the money.Long term PTR's P2 reserves should be worth more but until they show they can produce it at a profit a low ball bid will take priority as a bird in the hand etc.VGLTA

[ravin146] 15/10/2015 20:18

Let external factors be what they are, ptr just needs to continue to drill and increase production. Reach 3800-4000, and it been a decent year. Anything below is satisfactory.As for shareholders, two large holders could easily takeover the company should they have the funds at rock bottom valuation imo.Dyor.

[danny111] 15/10/2015 10:43

RCT - if US drilling is "getting better", why is the EIA advising that their output is already falling from the peak of 9.6m bopd and is expected to drop to 8.5m bopd during 2016? Of course, you may have better information than the EIA!

[rcturner2] 15/10/2015 10:12

There are plenty of people that disagree on that.

US drilling has been massive in recent years and is only getting better. Now the world's biggest oil producer and adding huge levels of production on an annual basis.

[crudde99] 14/10/2015 22:50

I feel that it doesn't really matter all that much 100 barrels here or there as I feel that oil at 50 dollars a barrel is a major drag on all things oil at the moment, and that is not set to change any time soon...!!

[steelwatch] 14/10/2015 22:08

ravin - think it's a sign the Kremlin is struggling to balance the books with a considerable deficit in the oil column despite pumping oil at record levels to generate tax revenues. Expect swingeing budget cutbacks, food rationing and all hands to the plough to try to feed the populace. Doesn't mean they will stop producing oil, but eyewateringly expensive Arctic exploration drilling projects likely will get the chop.