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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
  -0.10 -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 46501 to 46524 of 46700 messages
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DateSubjectAuthorDiscuss
03/9/2021
14:46
14 years, 5 months, 27 days since I first bought these. That's a Slow rerating.
parknas
03/9/2021
14:05
Well it was at 0.4p. 9x in under a year not bad going. Another 9x to go.
jfreshfield
03/9/2021
13:08
Slow being the operative word for the rerate.
seangwhite
03/9/2021
10:03
The slow rerate continues
jfreshfield
01/9/2021
23:11
I'm most interested in the forward drilling plan.....can't think the reserves report will be anything but confirmatory / positive - and the financials should show the effect of the turnaround
jfreshfield
01/9/2021
21:50
Hopefully m&ls report knocks this out of the park
telegraph1
01/9/2021
17:24
Looking very good here.
jfreshfield
31/8/2021
10:50
These are buys this morning and I have added another 275k at 3.42
jfreshfield
27/8/2021
14:26
They want a very large premium for anything over 500,000 shares, probably conscious the shares were trading at 4.7p in July. Those 500,000 shares, currently available at 3.43p, will soon be taken one suspects.
broken_arrow1
27/8/2021
13:29
September newsflow. We should be getting 1) financial results 2) resource upgrade 3) forward development plan for appraisal / exploration / expansion 4) potential for funding news (bank?) for expansion ? 5) petrogrand loan repayment from operating cash flows 6) further debt conversion. Nice 100pc from here would still be undervalued imv
jfreshfield
27/8/2021
13:27
Any sells recently have been mopped up. Book has to be so so tight
jfreshfield
27/8/2021
11:03
Tick tock.
jfreshfield
27/8/2021
09:14
Looks like the share price is about to go on a run up, NOTHING available online and a large premium being asked for just 100,000 shares.
broken_arrow1
27/8/2021
08:21
The Final Results are due to be published in September and I expect them to be good, there could also be more operational news. I have been adding to my position, PTR share price always seems to move ahead of news so I expect some trader buyers to appear around current levels which will drive volume.
silverspoon2009
26/8/2021
15:33
Just bought 164k. It's just a golden opportunity at this level. Onwards!
jfreshfield
26/8/2021
15:32
Book seems to have turned up this afternoon. Large premium being asked for 500,000+ suddenly.
broken_arrow1
26/8/2021
09:51
Directors and debt holders are converting their loans into shares for a reason, a liquidity event is coming. The 3 year timetable to sell the company is closing down, the clock is ticking.
goldenshread
26/8/2021
09:45
Many thanks to this poster who suggests 10p a share is worthy just on continuing operations and production 1Realist29 Jul '21 - 21:01 - 33121 of 33192 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: $28 Revenue: $16.7m Cost of sales: $17.45m Gross loss: $745k Net loss: $11.4m 2021 (projected) Production: 2289 bopd (currently) Estimated ave $/barrel: $68 (current price $76) Revenue: $56.8m Cost of sales: $25.5m Gross profit: $31.3m Net 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.
mrmcnee
26/8/2021
09:42
Have added this morning, the drop offers opportunity, still believe a takeout price will be north of 10p. Not many left around current levels, they want a large premium for 500,000+
mrmcnee
25/8/2021
10:18
Am sure they will all get converted in time.
jfreshfield
24/8/2021
15:25
It is only a small % of the debt. Why not convert them all and cause more dilution. They will still recover their cash + a decent premium
jasper2712
24/8/2021
13:55
telegraph, I would imagine it's to make it more attractive - makes no sense otherwise.
kevjones2
24/8/2021
12:39
They've made it known that there are active sale discussions ongoing and ceo brought in to turnaround and sell business three years ago. I imagine all convertible will convert and expect the other debt in the business will be paid off through cash flow. It's a positive
jfreshfield
24/8/2021
11:48
Are they clearing down this debt to make it more attractive for a potential sale or for some other reason can’t understand the reason for giving shares otherwise
telegraph1
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