Petrotal Share Discussion Threads

[bozzy_s] 12/5/2025 21:30

Strong results, positive commentary around oil price / hedging / capex flexibility. And I liked the increased share buybacks since the price tanked. Excellent stuff.

[arlington chetwynd talbott] 12/5/2025 10:48

Very nice indeed. Just going to keep reinvesting those chunky dividends.

[gutterhead] 12/5/2025 10:47

Good narrative about protecting returns for shareholders
A lot to like
Will we ever breach and stay over 50p again?

[qs99] 12/5/2025 10:03

Nice set of results.....hopefully the Tariff BS will ease & oil will settle in the $70s, allowing more cash/yield etc etc....DYOR but have bought more today at these depressed prices...

[spangle93] 12/5/2025 08:57

1Q corporate and operational update



Zeus broker commentary (free to download)


For 2026, we adjust down our Brent oil price from US$70/bbl to US$65/bbl. Our total risked NAV adjusts for our forecast changes, moving from 102p to 100p.

[johnroger] 07/5/2025 13:18

News from Forbes, thanks to LSE thread

The North Peruvian Oil Pipeline is ready.
On the other hand, Narváez reported that the North Peruvian Oil Pipeline (ONP) is ready to transport oil from the Amazon to the northern coast, despite the four attacks on its infrastructure so far this year.

Narváez reported that maintenance of the pipeline, classified as a critical national asset, will require approximately $112 million this year, slightly less than the $127.8 million it will require in 2024, according to Petroperú figures. In this regard, the CEO of the state oil company noted that maintenance of the ONP will be transferred to the Ministry of Energy and Mines, pursuant to an emergency decree issued in September of last year that transfers the pipeline's expenses to it. "We are pushing for the Ministry of Energy and Mines to fulfill this mandate; we hope it will be soon," Narváez noted.

At the same press conference, Petroperú's exploration, production, and pipeline manager, Tomás Díaz, explained that the company is in talks with PetroTal to resume shipping crude oil from Station 1 of the pipeline.

"We hope to close the agreement with PetroTal by the end of this month. It will be up to its board of directors to decide when they begin delivering an average of 15,000 barrels per day," Díaz said. He added that the pipeline has storage capacity at its nine stations, and that only Station 5, located in the province of Datem del Marañón in the Loreto region, is inoperative due to the presence of teachers demanding attention from the Ministry of Education.

The pipeline is 1,106 kilometers long and has been repeatedly subjected to outages and attacks on its structure in recent years, resulting in temporary suspensions of its operations.

Relevant facts
The Talara refinery has a loading capacity of 70,000 barrels of oil, out of a national total of 81,600 barrels, with a refining cost of $12.60 per barrel, according to company data.
Peruvian President Dina Boluarte inaugurated the new Talara refinery in late 2023, with an investment of more than $5 billion and projected to process 95,000 barrels of oil per day.
Forbes Staff / EFE.

[kaos3] 05/5/2025 17:38

long term oil chart

[johnroger] 25/4/2025 12:21

Manuel Pablo Zuniga-Pflucker, President and Chief Executive Officer, commented:

"I would like to join my fellow directors in extending a warm welcome to Denisse Abudinen. She brings a wealth of experience in the global oil and gas industry, that will strengthen our leadership as PetroTal focuses on executing its growth and development strategy."

Interesting appointment

[nicolaw] 23/4/2025 20:55

Nearly 15% divi here.... Market clearly not liking this share... on my watch list

[spangle93] 23/4/2025 15:28

In this audio note, Zeus’ Dan Slater summarises the investment case for PetroTal.

PetroTal has released its Q1 update, reporting strong production leaving the company well set to make its full year guidance, alongside highlighting flexibility in its H2-weighted 2025 CAPEX programme to allow appropriate response to forward oil prices.


6 mins long
First half is a summary of the 1Q RNS, the second half steps back and looks at the attractiveness of investment into the company.

Not fully comprehensive, particularly on the exploration upsides aspect, but good reminder/intro to the investment here.

[loafingchard] 16/4/2025 16:29

Thanks, I know they have been a problem for DEC holders even with W8-BEN forms completed, still got whacked for the full 30% tax!Thinking of moving from Jarvis to IG for my ISA. Anyone any thoughts on that or alternative suggestions?Best.

[glawsiain] 16/4/2025 16:23

Iweb is with halifax

[loafingchard] 16/4/2025 14:48

Ok I know the NR301 Canadian tax withholding form has been done to death here. I have always applied the form NR301 (and American W8-BEN form) to my accounts at Jarvis stockbrokers without issue and received my Canadian dividends at the reduced tax rate of 15%. All good until now, Jarvis / X-O appears to be going down the swanny. So now I'm looking for a new broker who does not charge a recurring monthly management fee, has low trading commissions and WILL allow use of the Canadian and American tax withholding forms. Are iWeb associated with a high street bank? Some brokers such as Jarvis are happy to apply NR301 Canadian withholding tax form and the American W8-BEN withholding tax form to the XO ISA so foreign dividends are taxed at 15% as opposed to 30% without the forms.From what I understand, other brokers such as those which are stockbroking arms of high street banks do not allow use of the W8-BEN or NR301 to reduce dividend tax on American / Canadian shares.Correct me if I'm wrong, any advice welcome. I'm sure others will have the same issue.Cheers for your help.

[cat33] 12/4/2025 20:44

Just keeps growing https://oilman.beehiiv.com/p/oilman-jim-s-letter-april-12-2025Worth reading

[spangle93] 10/4/2025 07:53

Good production update for Q1, plus reassurance about the dividend
PetroTal is closely monitoring the oil price outlook. As disclosed previously, we have hedges on nearly 40% of our remaining 2025 oil production. We also have a high degree of flexibility to manage our capital program in line with our funding capabilities. We remain committed to developing our assets at a responsible pace, in tandem with a stable return of capital program, and will provide additional updates to guidance as necessary."


Research note issued


To be honest, the conclusions are pretty unchanged from previously, and the note involved quite a lot of restatement of the RNS using different words

PetroTal held US$113.6m cash at the end of March (US$103m unrestricted), from US$114.5m at the end of 2024. During Q1 2025, production cash flows have been balanced by CAPEX spending and a partial unwind of the payables position built up previously. Alongside this, today’s statement reiterates the company’s hedging position, where 40% of expected 2025 production is hedged using a US$65.0/bbl floor and US$82.5/bbl ceiling. Taken together, alongside the strong existing production, these leave PetroTal well set to in the face of current oil price weakness, supporting CAPEX optionality and shareholder returns.

[mwj1959] 09/4/2025 15:50

Whether the buybacks are good or not will very much be dependent on the oil price. I've seen $40 potentially mentioned as a sort of worst case scenario and if that was the case buying back at 30p won't look too clever. Very difficult to make a call here imho, but personally I'm holding fire still at these levels.

[pec2004] 09/4/2025 09:41

Anyone noticed they have upped the buybacks on the share price weakness.

Good move imho and will be interesting to see if it continues.

[taurusthebear] 04/4/2025 14:41

Looks like 30p to be tested again. I'm not that bothered as I have less than half my liquid assets in shares. I won't add further as that way I rule out the twin poisons of the stock market, fear and greed.

However, partly care of PTAL divis, I will have 20k to move to my ISA next week. I'll let the dust settle on this Trump-induced fiasco before adding to my PTAL holding, as long as oil stays above $60. If not, no deal.

[cat33] 24/3/2025 12:59

Comprehensive analysis of PetroTal as of 24 March 2025https://oilman.beehiiv.com/p/comprehensive-analysis-of-petrotal-as-of-march-24-2025Really good write up

[briggs1209] 23/3/2025 10:25

different brokers seem to use different tax rates. ii seems to be 15%

[loafingchard] 22/3/2025 16:24

Don't know pec but it works with my XO ISA, 15% tax instead of 30%.

[pec2004] 22/3/2025 15:29

Is Trading212 W-8BEN friendly for PTAL shares in an ISA.

[johnroger] 21/3/2025 12:38

Add my thanks also.

[gutterhead] 20/3/2025 19:16

Great work KS thank you