Petroneft Resources Share Discussion Threads

[spudders] 29/8/2022 17:00

WSJ is reporting that Russia is pumping almost as much oil into the global market as it did before the invasion! Yet we are still in the doldrums, weeks ahead could be interesting 🤔 GLA

[frankeeee] 23/8/2022 16:03

Yes - the gap is closing almost as quickly it opened in February. The only thing I can see is that Turkey have doubled their imports. Don't know if that's enough to have such a dramatic effect. Good news for PTR - whatever the reason is :)

[don777] 23/8/2022 11:38

any one here noticed that the Ural-Brent price difference was dramatically changed from $33@16/08 to $24 today in a week?
Any comments on it?
TIA

www.neste.com/investors/market-data/urals-brent-price-difference

[don777] 15/8/2022 11:36

i know quite a few PIs made money on PTR last year.

[parknas] 15/8/2022 11:28

I don't equate Petroneft and good news as going together.

[don777] 15/8/2022 10:28

any good news on the way?
its very unusual for PTR's trading volume this morning.

[robizm] 03/8/2022 20:58

They said they are trying to maximise the amount exported in the 16 June updates

[loganair] 03/8/2022 10:17

I doubt PTR will go bust as their oil is sold solely on and for the Russian domestic market and therefore does not need to rely on the whims of the export market.

[thetoonarmy2] 03/8/2022 10:06

Just not looking good for PTR just need this Ukraine invasion to stop maybe get back to some form of normality whatever that is. The price below 1p Can't believe it what next? Will we go bust and the Russian pick up the assets for nothing

[don777] 16/6/2022 10:58

realized Oil price in May 2022:
L61 $74, L67 $62.8
financially very solid support here.

GLA.

[parknas] 16/6/2022 09:44

Cash and Cash Equivalents -WorldAce
Investments Ltd* 3,088,343
Cash Equivalents.
I have visions of a warehouse full of Levi Jeans.

[spudders] 16/6/2022 07:08

News out 👍🏻

[parknas] 15/6/2022 16:33

Results out next week?

[spudders] 04/6/2022 09:13

Grim, the Nomad is used to long periods of not being updated by previous management, I expect they can handle this short delay in news flow as current management are more on the ball. I’m sure there are safer and better opportunities to make a return on other assets for new investors other than a risky Russian Oiler. For me I’m happy sitting long & let it play out. GLA 😀

[grimreaper2019] 04/6/2022 08:55

This company must be very close to falling out with their Nomad, it is all very well keeping quiet due to the war in Ukraine but investors need to know how restrictions, sanctions, ability to sell oil, local or export, for what price, how operations have been effected due to potential inability to source equipment and so on.

According to the some historic posts Petroneft were about to embark on a drive to increase production via workovers and new wells, it is very poor form to not update, this usually means trouble ahead for shareholders.

One could argue that all the above is in the price but suspension pending clarification is a real possibility.

[don777] 23/5/2022 08:18

Observer,
i think it's very smart to keep the low profile at these days.
but it seems some buyers get back last few days.
they must find some things solid to support PTR, at least at the operational level.
D

[observer007] 22/5/2022 20:02

Not a whisper out of Petroneft since 17th January, they sure are keeping their heads under the radar.

[parknas] 17/5/2022 16:20

Annual results due next month as it was on the 22/06/21 last year.
Just over a month away.
I wonder what awaits us?

[spudders] 10/5/2022 17:04

Agree Kev, oilers posting decent profits! Value will out 🤞🏻

[kevjones2] 09/5/2022 23:33

Anyway, it's risky here now but I'll continue to hold. Big risk, huge reward. I think it's worth the gamble.

[kevbigtitjones] 05/5/2022 11:06

Well it would seem that moths do really get burnt. What more
do you need to see to sell up every cent you have here and
invest in something worthwhile.

All right Kev, still mouthing off?

[parknas] 14/4/2022 12:07

I wonder would Oil India put a bid in?
Still clutching at straws.

[tadtech] 14/4/2022 09:16

Gentlemen

I have followed Petroneft over the years, it has served me well but we are in extraordinary times and should point out there is significant risk buying or holding Russian stocks currently - I am sure we have sophisticated investors here who are aware.

Over the last week HSBC has stopped trading in both POG and POLY on their platform and I wonder whether this is the start of a purge by brokers, will they move to smaller below radar Russian companies in due course, if so it could be difficult to exit so please be aware and review your positions.

No advice intended.