[ADVERT]
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
  -0.10 -2.63% 3.70 3.60 3.80 3.80 3.70 3.80 347,974 08:06:25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 1.2 -2.7 -0.4 - 39

Petroneft Resources Share Discussion Threads

Showing 46426 to 46448 of 46700 messages
Chat Pages: 1868  1867  1866  1865  1864  1863  1862  1861  1860  1859  1858  1857  Older
DateSubjectAuthorDiscuss
06/8/2021
08:52
Nice. They want full ask (3.6p) for any amount now. Looking strong.
1realist
06/8/2021
08:28
153k is my top up
jfreshfield
05/8/2021
22:57
Agree. And it would have to be at an absolutely huge premium to current levels if any offer was to be entertained by major shareholders. 80% of shares held by IIs and board members. They know. Big things coming here IMO.
1realist
05/8/2021
20:16
Still think ZOLTAV have something to do with this.
griffin63
05/8/2021
19:50
Fireworks indeed. 10p plus share this. Of course they might just be getting bought out as we speak given what they said in the interims. What price on that ? $2 per 2P? Is that why the reserve report is being done? Methinks so
jfreshfield
05/8/2021
16:47
I think we'll see an operations update soon as well, separate to the expected resource / reserve update. Could be fireworks soon IMO.
1realist
05/8/2021
16:36
The RNS on 29th June announcing the appointment of an Independent Reserve Auditor said the project (independent reserves and resource audit of the Company's assets)is expected to be completed before the end of Q3, at which time the Company will provide an update of the results. So we have until late September to wait at the longest. Mr. Sturt seems to get things done quicker so maybe we'll get results sooner.
kevjones2
05/8/2021
12:06
News next week on reserves I would hope
jfreshfield
04/8/2021
18:09
Yep. Perfect share this. Tightly held great chart and company improving bit by bit
jfreshfield
04/8/2021
08:45
Very few shares in free float and very few sellers around.Wouldn't take much more buying pressure for this to see a decent rise.Next news could be a major catalyst for that.
1realist
04/8/2021
08:20
Looks as if we are going to move up by the looks of it
tom111
03/8/2021
22:32
According to the last RNS we'll be getting an update before the end of the third quarter. Can't remember if that was specific to one aspect or a general update.Worst case is news at the end of September but hopefully much sooner.
kevjones2
03/8/2021
17:44
Expect the update might get rolled up with the recently announced reserves report due by end Q3.
seangwhite
03/8/2021
17:32
Feels like this is the range until we get news and then it moves v quickly on that
jfreshfield
30/7/2021
11:01
Operational update due.
griffin63
29/7/2021
21:01
I looked into rough calculations for the effect of increased production, improved efficiency and higher oil prices on licence 61 income:2020 (known)Production: 1562 bopd Ave $/barrel: $28Revenue: $16.7mCost of sales: $17.45mGross loss: $745kNet loss: $11.4m2021 (projected)Production: 2289 bopd (currently)Estimated ave $/barrel: $68 (current price $76)Revenue: $56.8mCost of sales: $25.5mGross profit: $31.3mNet profit: $22m (£16m)So just based on the increase in production and efficiency that was stated in recent results, coupled with the rise in the price of oil, it looks like license 61 income will swing from a small loss to a very big profit this year. 50% of that profit comes straight to PTR. If my calcs are right, then that would see PTR receive £8m net profit from license 61 in 2021. Just based on that, with a P/E ratio of 20, market cap would be £160m. And that's not including any value for the 90% ownership of license 67.I think the 10p / £110m market cap target could prove to be very conservative once next results are out. No wonder the BOD and major shareholders won't accept an offer anywhere near current levels.
1realist
29/7/2021
20:23
I looked into rough calculations for the effect of increased production, improved efficiency and higher oil prices on licence 61 income:2020 (known)Production: 1562 bopd Ave $/barrel: $28Revenue: $16.7mCost of sales: $17.45mGross loss: $745kNet loss: $11.4m2021 (projected)Production: 2289 bopd (currently)Estimated ave $/barrel: $68 (current price $76)Revenue: $56.8mCost of sales: $25.5mGross profit: $31.3mNet profit: $22m (£16m)So just based on the increase in production and efficiency that was stated in recent results, coupled with the rise in the price of oil, it looks like license 61 income will swing from a small loss to a very big profit this year. 50% of that profit comes straight to PTR. If my calcs are right, then that would see PTR receive £8m net profit from license 61 in 2021. Just based on that, with a P/E ratio of 20, market cap would be £160m. And that's not including any value for the 90% ownership of license 67.I think the 10p / £110m market cap target could prove to be very conservative once next results are out. No wonder the BOD and major shareholders won't accept an offer anywhere near current levels.
1realist
29/7/2021
12:47
Still pretty tough to buy in any meaningful size, the shares have bounced off a key moving average and have a great deal of upside potential - I see Zak Mir the chartist has 5.5p as a target price. A good entry price IMO.
flughafen17
29/7/2021
10:26
I would say there is a lot of stock held by people on this board with no intention of selling until the price is a lot higher.
parknas
29/7/2021
09:27
Still very little stock around.
broken_arrow1
29/7/2021
09:13
1Realist It has always been hard to get a decent line of stock in Petroneft, if I recall 70% of the company is held in tight hands, namely management and associated parties. One reason the value is low IMO. They are looking to exit at the right price, the major shareholder, in my opinion, would not settle for less than 10p a share (equates to £110m valuation) Petroneft in the old days had a £250m market value but the old Board were poor and failed to deliver. The new team have transformed the company and have converted loans into shares recently, to me this suggests a sale is close. Rosneft or Gazprom are the likely buyers. Now is not a time to be selling especially as the oil price is moving higher, recently Russian Domestic oil prices have hit 3 year highs. PTR could easily be valued at £100m now and be considered cheap, that 10p a share is not a fantasy price either.
mrmcnee
29/7/2021
08:54
Large move up coming, online limits have increased significantly, they now want 3.55p for very modest size, remember this hit 4.7p on 6th July.
broken_arrow1
29/7/2021
08:48
Zak Mir covered Petroneft yesterday, has a short term 5.5p target price. https://www.youtube.com/watch?v=HSJvTxshWdc&ab_channel=VoxMarkets
space_dust
Chat Pages: 1868  1867  1866  1865  1864  1863  1862  1861  1860  1859  1858  1857  Older
ADVFN Advertorial
Your Recent History
LSE
PTR
Petroneft ..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211017 22:05:43