Petroneft Resources Share Discussion Threads

[organstop] 28/6/2021 22:43

Biggest volume I've seen for years. People catching up. More than sensible given recent developments.

[jfreshfield] 28/6/2021 19:31

Great volume day out of nowhere

[1utah] 28/6/2021 18:19

Dean you are right its stupid cheap compared to others just goes to show what great PR can do for a company (no names mentioned) and petroneft PR I am sure will be increased in the near future.

The current proven assets and the future growth of the asset base is huge hopefully we will get a development programme soon on how they go about increasing production.

With pipelines all in place and production at around 1200bopd net already its providing free cash into the company to pay for further development.

[chris cat] 28/6/2021 16:18

Big volume day, pity it hasn't held above 4p but hopefully 4p and beyond over the next few weeks/months

[deanroberthunt] 28/6/2021 09:29

this is stupid cheap, I suppose you have to discount a bit for operating in Russia, but still.

[jfreshfield] 28/6/2021 09:15

This move was always on the cards it's been consolidating for ages around 3-3.2

[johnswan193] 28/6/2021 09:07

4p best offer right now...

[jfreshfield] 27/6/2021 22:27

Sure and if this gets closer to fairer value then great but it needs to hold

[rolo7] 27/6/2021 22:25

i know but zac brings in more buyers pure fundimental share but low free float helps.

[jfreshfield] 27/6/2021 22:22

Irrelevant. This isn't a charting share.

[rolo7] 27/6/2021 22:12

zac from vox puts 5p target on ptr hoping for more!

[jfreshfield] 27/6/2021 16:30

Tadtech - this is what they say in the accounts, seemingly missed by most. As previously announced the Company has engaged a financial advisor with the aim to test the market for both of its licences. This process is ongoing and the level of interest and the calibre of companies in the process to date is encouraging. Over the past 2 years the asset acquisition market in Russia has seen increased activity, especially for the larger domestic companies, albeit that activity has diminished due to the onset of the Covid 19 pandemic. In the event of a possible sale, it is expected that both loan facilities would be repaid from the proceeds of sale of one of the Licences.

[tadtech] 27/6/2021 13:41

I am very pleased with the performance of the share price since I bought back in just under 1p, the new team have delivered so far however feel their main job is yet to be completed, namely a trade sale of the company.

So how close is a sale of Petroneft Resources to the likes of Gazprom or Rosneft, these two seem the most likely candidates. There is a clue that no-one seems to have picked up on, namely the lack of near term financial clout PTR has to deliver material oil production increases.

The new team are reluctant to both issue more equity and take on debt, in fact the board are reducing debt, they have even converted their own loans into Petroneft shares.

So it is evident, in my considered opinion, a trade sale is close, their stated goal (to sell the company) was within 3 years, they have around 7-8 months left.

I would imagine there could be some haggling on price given local rising oil prices, whatever happens there is significant equity upside ahead, I remain convinced no sale will occur under £100m, equates to IRO 10p a share.

A bow and ribbon has been placed around PTR by the new team, shareholders can now wait in anticipation for the inevitable to happen, still one of the best options in the junior O&G space.

[jfreshfield] 27/6/2021 13:10

Looks like Jersey Trader has had a busy morning over on twitter. Some really good summary points

[1utah] 27/6/2021 11:49

Follow @JerseyTrader & @Earlofwisdom on twitter.

Great timing by petroneft as Oil demand has gradually increased after the initial shock of the Covid-19 pandemic, and OPEC+ continues to hold back volumes from the market. The consequent high price movement has been further supported by a slow ramp-up in US tight oil activity. In conjunction with the persisting low investment environment, E&Ps are enjoying super-profits.

The Free Cash Flow means more surplus cash for E&P companies and historically there has been a strong link between FCF and activity levels. Merger and acquisition (M&A) activity has recovered in 2021, with transaction values increasing by around 30% compared to 2020.

Watch this space Petroneft has massive reserves close to major oil companies running on the same pipelines. No chance of a low ball off as the board & TR1 investors hold the majority of the shares.

[jfreshfield] 27/6/2021 11:15

Another good one https://twitter.com/traderjersey/status/1409081767454294022?s=21

[jfreshfield] 27/6/2021 10:14

https://twitter.com/traderjersey/status/1408442875537498121?s=21 Interesting points. I think there are a few more things to add to this for sure.

[petrocar] 25/6/2021 19:15

Got it! Thanks JF!

[jfreshfield] 25/6/2021 14:34

Follow Jerseytrader as does Oilplayer2009 and Earlofwisdom.

[petrocar] 25/6/2021 14:07

1utah, I went to Twitter to read the posts you mentioned but don't find any recent posts. Can you direct me to these... I'm interested in learning more. Thanks

[jfreshfield] 25/6/2021 13:31

Pretty good week all in all.

[1utah] 24/6/2021 20:04

With the board and other significant holders having 80% along with long term investors and those holding below 3% the real free float is probably less than 10%. Some Interesting posts on Twitter with real knowledge recently I have a feeling this will re rate quickly as production is increased in the coming months. When you forget about the past and look at this with fresh eyes its got serious potential. The Board and the team have the experience as already shown and when they recently converted debt to equity, reduced costs and did not use the debt to pay for the construction of the all weather road its time to take notice of what actually is going on.

My Prediction is that this will be North of 10p by year end and continue rising through the winter programme. At that point more of the asset base will be proved and production 3/4 times current levels ready to be sold in 2022.

[parknas] 24/6/2021 19:19

Began buying March 2007.
Stopped buying December 2012.
Doubled my amount this year beginning in February.

[jfreshfield] 24/6/2021 17:53

Glad it comes across that way. I've got a share price target that seems v rampy from where we are now, but laying it all out afresh you can see how we could ease up v quickly from here. Hopeful that given all the horses we have running and optionality on appraisal, even if one or two duffers come in there is serious upside developed elsewhere.