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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
  -0.05 -1.56% 3.15 3.00 3.30 3.20 3.10 3.20 1,031,544 13:02:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.2 -2.7 -0.4 - 33

Petroneft Resources Share Discussion Threads

Showing 46176 to 46200 of 46800 messages
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DateSubjectAuthorDiscuss
11/6/2021
15:11
Agree a bit more work to be done but moving in the right direction. Would have been great if the L-2a well didn't return so much water as otherwise could have added to current production. POO has been kind to us and hopefully will continue to be. If a favourable end point can be achieved I fully believe David Sturt is the man to deliver it.
johnswan193
11/6/2021
14:41
Will need to drill a few more wells to get value from the assets. The big unknown is what results can be achieved from horizontal drilling. This is where the value lies in producing oil at increased rates from horizontal wells at lower operating costs. Speed at extracting oil from the ground will be key.
whoppy
11/6/2021
14:35
Since the date of this commentary (below) they have added significant value, it is interesting that nothing has been mentioned in the recent flurry of interviews re asset sales or sale of the entire company - but if in ongoing negotiations then that's probably why. Some quotes that are relevant to the topic... PetroNeft, whose focus is two licences in Siberia, recently said it was looking at "all options" - including the sale of its assets Industry veteran David Sturt - who was recently named PetroNeft's chief executive - said interest has been shown in the two Tomsk-based licences. A near-term sale has not been ruled out, but Mr Sturt said an asset sale in less than three years is highly likely. Asset acquisition activity in the Russian exploration market has increased in the past 12 months. Above dated May 2019
mrmcnee
11/6/2021
13:22
Proquote have shut down online buying, means many retail brokers are 'at best' only PTR right now. For info on Proquote.. Proquote which operates a significant trading connectivity hub, known as the RSP (Retail Service Provider) network that offers retail trading in the United Kingdom. Its clients include retail stockbrokers, market makers, wealth managers, institutional buy sides, and private investors.
broken_arrow1
11/6/2021
13:01
Buyers returning, one day there will be a RNS 'Recommended offer for Petroneft PLC' I wonder how far away it will be, given their previous timelines it could come sooner than many think. It pays to buy illiquid shares like PTR when it is quiet.
observer007
11/6/2021
12:20
Not just the RSI tells you this is cheap. It just is
jfreshfield
11/6/2021
06:56
The shares are now back in the buy zone with strong support at current levels, online size dropped late yesterday to only 500,000 shares, they had 1.2m earlier in the day. Worth noting the Relative Strength Index is at a 12 month low re-iterating the shares are cheap.
broken_arrow1
10/6/2021
21:22
Oil is going higher in the next year if PTR can keep going at raising output and proving up reserves the 10 to 12p range is easily met. Well done the BOD as this is definitely rising from the ashes.
seangwhite
10/6/2021
20:40
Natlata own 26% of Petroneft equity, they have been holding a very long time and supported the company through a number of fundraises. Having taken a look at their purchases it seems their average is in the 5p-6p ballpark. There is no doubt in my mind that Natlata want to exit, they were behind the management changes forcing the old brigade out initiating the 'for sale' commentary from the new incoming CEO in 2019. Any offer would have to be agreed, 10p a share would value PTR around £100m, I believe this would be acceptable to most stakeholders. Not a time to be out.
mrmcnee
10/6/2021
19:40
At least that but I can't help compare it to COPL's acquisition. It might be apples and oranges but I wouldn't be surprised if we go for nearer 200 million.
griffin63
10/6/2021
12:34
The recent podcast simply confirms what the plan is, namely enhance the value of the company by the fast route and then sell it, they are promoting themselves to prospective buyers via any means possible. If they were seriously intent on developing the project on their own they would have in place a significant funding route, they have not, the stated aim is to sell the company within 2-3 years and that is what they will do, they are on the last leg of that timeline. The question is at what price would be acceptable to the main stakeholders, my bet is the magic number would be IRO £100m or 3 times today's valuation. Re-iterate the shrewd are buying, had I been around in the 50p+ days then the window to average down is closing, I would be doing that now.
mrmcnee
10/6/2021
08:47
Yes I guess so. Actually it doesn't need too many investors to come in who are new to the story. Everyone loves a Phoenix stock. What's impressed me so far is the depth of progress they have made to ensure that in two months or so they will have significant forward development plans for both licenses. Beauty also is that 67 is access all year round now which is essential. It's a double figure share in my view and you are just buying at the bottom here with operators significantly derisked since new year and a benevolent oil proce
jfreshfield
10/6/2021
05:48
Jfresh, this is PTR! Too many have been burnt in the past. 30p to 70p+ now sub 3p. Value will out, one day!!🤞ӿ95;
spudders
09/6/2021
21:45
Bizarre how quiet this is
jfreshfield
09/6/2021
09:13
Always good to hear what David Sturt has to say.
parknas
09/6/2021
08:32
Great interview. Confident
jfreshfield
09/6/2021
07:17
Listen to our exclusive interview with David Sturt discussing their latest operational update for licence 67: hTtps://www.directorstalkinterviews.com/petroneft-resources-look-to-the-future-with-a-significant-degree-of-optimism-interview/412998931
ga_dti
09/6/2021
07:15
Yes I agree. I hope they do get one done as I think there is real scope to layout forward development and upside potential with the steps they have made. A resource upgrade would also be of note.
jfreshfield
09/6/2021
06:56
For such a laser focussed Board of Directors at Petroneft one wonders why they have not commissioned a research note offering a project valuation of the company. If I recall correctly, at one time, Petroneft was valued north of £200m but now only £30m. To answer my own question my best guess is there is no need for such research as they may be in final negotiations to sell the company (their stated aim) at a price which satisfies all stakeholders. In my considered opinion now is not the time to be out of Petroneft, not withstanding the low valuation and high oil prices that makes PTR a buy on these metrics it is a nailed on certainty some corporate action could happen sooner than later. No doubt the shrewd will continue to accumulate at current levels.
observer007
08/6/2021
19:09
I guess if they clear the debt, now being profitable, they might be able to fund an accelerated development programme with a new debt facility? Or just go slower with existing cash resources. Perhaps the concertos or just had their time and frankly they are all in the money from it with the company also v undervalued
jfreshfield
08/6/2021
18:21
I think the convert debt converting was more about optically reducing debt than a hint at a bid. I am pretty sure they could convert on announcement of a bid instead.
bmw30csl
08/6/2021
15:14
Their aim is to sell the company, it is clear to see, they have already added significant value, new road, refinery, converting debt, increasing Licence 67 to 90%, increasing production & reserves, increasing margins etc. Higher local oil prices make PTR a juicy target right now, would not be surprised if they have not already received approaches, we will soon know. This BOD do not sit around, their plan was to sell the company in 2-3 years, with only 11 months of that timeframe to go the clock is ticking. One thing for sure any sale will be at multiples of the current valuation.
mrmcnee
08/6/2021
15:07
No real volume. Need the PR / comms side to set out what forward development looks like
jfreshfield
08/6/2021
14:21
Unbelievable that this is now down on the day after such a positive RNS
chris cat
08/6/2021
09:40
This article dated May 2019 confirms the plan, note they target 2 to 3 years, well we are now into the final leg of the 2-3 year timeline ! Recent debt conversion into shares by directors and others close to the company should tell you all you need to know. Irish exploration company PetroNeft Resources looking to sell-up Https://www.irishexaminer.com/business/arid-30922828.html
mrmcnee
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