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PTAL Petrotal Corporation

47.50
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Petrotal Corporation PTAL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 47.50 12:29:00
Open Price Low Price High Price Close Price Previous Close
47.50 47.50 47.75 47.50 47.50
more quote information »
Industry Sector
OIL & GAS PRODUCERS

Petrotal PTAL Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
14/02/2024FinalUSD0.0228/02/202429/02/202415/03/2024
13/11/2023InterimUSD0.0229/11/202330/11/202315/12/2023
08/08/2023InterimUSD0.02530/08/202331/08/202315/09/2023
30/03/2023InterimUSD0.01530/05/202331/05/202315/06/2023
12/12/2019InterimCAD0.001719/12/201920/12/201920/01/2020

Top Dividend Posts

Top Posts
Posted at 18/4/2024 09:59 by pughman
Shareholders have been receiving a special dividend every quarter since Q3 23. Ptal call it a liquidity sweep.
Posted at 17/4/2024 15:04 by popit
This is a Canadian share

So is there a Withholding Tax deducted from the dividend if not held in a SIPP ?

Is it a deduction of 15% or 25% on the dividend ?
Posted at 16/4/2024 13:24 by royalalbert
Link to PTAL website,



Presentations,



Operations,



News,



Link to Perupetro production figures for all producers, please note these can deviate from PTAL figures due to sales points and oil storage at PTAL site.



Trading economics brent oil price,



River Levels at Iquitos, these are the guidelines I believe for the graph,
The 3 bands at the top are alert levels for flooding Yellow Orange and Red. The dotted line is average, the brown line low for the time of year, the blue high for the time of year. Black level now.
Posted at 03/4/2024 07:40 by thommie
Well, perupetro figures are a nice tool if u watched it over the years to indicate problems often much earlier than the company itself told us. I guess in reality it's possible that we lost 5 days of production, as the field got shut in for at least 3 days. And after u restart it, it takes time until you reach max production, maybe u never reach it, as by shutting down one of the esp's got damaged and refuses to restart, so a workover to change the pump, costing millions is needed. I dont understand why ptal even shut down production, if the storage is around 90 000 bbls which equates to 4,5days of full production one may think you can just produce into the storage and shut in the field when it is full... So why shut it in before? The only explanation I have is that the storage was already nearly full when the accident happened or that ptal believed they need to shut down for a long time anyway. In the past they often reduced esp rates to produce less so that they didnt have to shut down the esp's completely, fearing the esp failure... But what do I know... Im glad they solved this oil leak issue very fast, although not their own fault...
Posted at 27/3/2024 18:59 by husted
True, but they budgeted for the capex including erosion control at $77 Brent.

The last quarter dividend only cost $18m. We got 2 cents, so $9m cost for each cent.

PTAL say each extra $3 on Brent adds an extra $10m of free cash flow, so if Brent averages $83 that's $20m. But that's annually,so divide by 4 and you get $5m extra this quarter for dividend. So in theory, they could manage an extra half cent costing $4.5m

ie 2.5cent dividend ?????

Edit: this looks wrong, as budget is only for 1.5c div, so maybe extra half cent gives us 2c div this time.
Posted at 15/3/2024 09:09 by m24xp
Received my (first) PTAL dividend here this morning and it's been taxed at 25%. I did fill in a W8-BEN form in advance which I was under the impression would reduce the tax rate to 15%.

Was this the wrong form or has someone (broker?) messed up?

Or could it be because I hold them in an ISA, given the purpose of the tax treaty is to avoid double-taxation and obviously there is no tax on the UK side in this case?
Posted at 05/3/2024 22:57 by tag57
RA maybe Ptal just needs to show it can maintain its divi over a period of time to start to pull in new investors. The geopolitical risk probably puts some people off too.
At under 45p I see the Ptal share price as a great opportunity to get a great yield with plenty of potential for this to grow, but then I am happy to take the risk vs reward on this too.
Each to their own I suppose.
Posted at 03/3/2024 21:55 by thommie
Some years ago I asked the company this question. And although I cant find the response atm it was: perupetro figures is fiscalized oil, the brazil shipments are fiscalized when loaded on barges at lot 95, oil to iquitos refinery is fiscalized when it is unloaded and oil that went through the onp pipeline is fiscalized when unloaded at the pump station in saramuro. So to summarize... The perupetro numbers might be a little bit off the daily or monthly production figures, but they are absolutely true. In former years I even pointed out statements in rns's to petrotal that werent fitting compared to the perupetro numbers that got published. Ptal after months committet, that the numbers from perupetro are the real numbers but werent able to explain why their figures didnt match. Overall over the last 6 years I am invested in ptal I found out that ptal tends to publish average short timeframes of production that look bullish. Even if they know that weeks ago it was much worse or know that it will drop in the coming weeks. Thats not really a lie, but it picks preferable timeframes of production that sound positive. Since the problems with protests vanished after last years social fund, etc. things I found out that this tactic is used much less, as there are much less problems with production interruptions. It's very rare that you are able to compare production like this, normally you can only rely on the production announced in company rns's.
Posted at 22/1/2024 12:47 by ashkv
I own PTAL and not pleased with the massive increase in expenses, tremendous Capex, community payments, 4mn for IT, Recent RNS that Petrotal have hired ex-Founder to replace a salaried position on a contract basis etc...

Gravy train.. bare bones for investors considering production and country risk...

Alex Stahel on Twitter used to point out that massive Petrotal barge/transportation costs seems overly inflated/fishy... and here when fuel costs ARE DOWN -> TRANSPORT COSTS ARE INCREASING...

Share Price : 48.00p
PTAL Share Price vs 52 Week low of 34p on 20 Mar 23: 41.18%
PTAL Share Price vs 52 Week High of 50.5p on 21 Nov 23 -4.95%
Brent Price : $78.50
Shares Outstanding : 919,273,461
Market Cap GBP : £441,251,261
GBPUSD : 1.27
Market Cap USD : $560,389,102
Debt: $0
Cash (31 Dec 2023) : $111,000,000
Net Cash: $111,000,000
Surplus Balance 31 Dec 23: $2,000,000
Net Cash + Surplus Balance Estimate: $113,000,000
PTAL Q4 2023 Actual Average Production: 14,865
PTAL 2024 Production Guidance Mid-Point [16,500 to 17,500]: 17,000
PTAL 2023 Average Production: 14,248
Oct 2023 Production Capacity (22K Boed): 22,000
Enterprise Value (USD) : $449,389,102
Enterprise Value(USD)(Net Surplus Balance = Including Receivables) $447,389,102
EV/BARREL Q4 2023 Actual Average Production: $30,231
EV/BARREL 2024 Mid-Point Production Guidance: $26,435
EV/BARREL 2023 Average Production: $31,541
EV/BARREL (Net Surplus Balance = Inc Receivables) 2023 Mid-Point Guidance: $26,317
EV/Barrel Full Year Oct 2023 Production Capacity (22K Boed) : $20,427
Decommissioning Liabilities (FY 2022 Results): $13,393,000
Dividend Yield - Payable Quarterly (2024): 9.84%
2024 Net Payout Yield (NPY = Div + Buybacks + Tender) : 11.98%
Posted at 25/4/2023 07:36 by ashkv
Pipeline back, Production at 21,500 March 2023 average, Brazil export route capacity increased, Zero debt, 10% Dividend Yield and 10% of share capital to be bought back - buybacks imminent...

Share price should be 80p plus!!!!

Share Price : 45.50p
PTAL Current Share Price vs 52 Week low of 34p on 20 Mar 23: 33.82%
PTAL Current Share Price vs 52 Week High of 62.6 on 9 Jun 22: -27.32%
Brent Price : $82.50
Shares Outstanding : 883,800,368
Market Cap GBP : £402,129,167
GBPUSD : 1.25
Market Cap USD : $502,661,459
Debt: $0
Cash (31 Mar 2023) : $71,000,000
Net Cash: $71,000,000
Surplus Balance 31 Dec 22 ($75mn PetroPeru $75mn): $74,000,000
Net Cash + Surplus Balance Estimate (31 Dec 2022): $145,000,000
PTAL Q1 2023 Actual Average Production: 12,193
PTAL 2023 Production Guidance Mid-Point: 14,500
PTAL March 2023 Average Production Sales: 21,500
PTAL 2022 Production : 12,200
Enterprise Value (USD) : $431,661,459
Enterprise Value(USD)(Net Surplus Balance = Including Receivables) $357,661,459
EV/BARREL Q1 2023 Actual Average Production Till 29 Mar 23: $35,402
EV/BARREL 2023 Production Guidance Mid-Point: $29,770
EV/BARREL PTAL March 2023 Average Production Sales: $20,077
EV/BARREL (Net Surplus Balance = Inc Receivables) 2023 Mid-Point Guidance: $24,666
EV/Barrel Full Year 2022 Actual : $35,382
Decommissioning Liabilities (FY 2022 Results): $13,393,000
Dividend Yield - Payable Quarterly (2023): 10.55%
Net Payout Yield (NPY = Div + Buybacks + Tender) : 20.55%

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