May I ask where you get those figures? |
Off to a flier in 2025. 22.5k bopd for first 5 days. Keeping up the momentum from a great December. |
Try some comparative TXP and PTAL charts. They look even worse (for you) if you factor in the PTAL dividend. |
Take off your blinkered group think.
TXP up nearly 25% in the past week and with good reason.
They have announced an earnings accretive deal buying Central Block from Shell, immediately increases production 30% and pays for itself in two years.
Also LNG market with tripled gas prices now opening up.
They have the Herrera fairway all sewn up with licence agreements, market yet to understand.
sorry for O/T, oil stocks benefitting nicely from daily rising oil prices this year, thee is definitely sector rotation into O&G stocks which should benefit us. |
TXP dirt cheap? Shame on you for mentioning a share like TXP in the same breath as PTAL. |
Quite right RA. I won't cheat and edit my post. I took the wrong column from the perupetro link. |
Have added Canadian stock price at bottom of header, think it was a good idea since you mentioned the price Bozzy. |
On another note taking into account block 131, Petrotal is now producing very close to half of Peru's oil, which should really give them a bit of clout in any future negotiations. |
Bozzy think you will have to add 18319 not 8579 (we have taken control of block 131). |
Final numbers for December 638,775 + 8,579 barrels = 20,882 per day per Royalalbert's brilliant link in the header.
Sounds pretty good to me.
In addition the shares closed at 35.4p equivalent in Canada, so looking good for another little rise Monday.
So far so happy with my decision to empty my savings to buy at 30p and 30.5p :)
RNS next week to confirm 2024 guidance smashed out the park? Just over 18000 bopd vs guidance 16500-17500? |
Also ITH & ENQ |
whole sector is going up.
PTAL, AXL, SEA, TXP, GKP, all dirt cheap and rising sharply.
Oil also broken upwards sharply this week. |
i am not that optimistic ... my position is ... waiting to add
why i am not that optiistic? in the short term ... few weeks
because there are holidays and the seller might be absent. similar to axl
because the share is gaping up and gaps tend to be closed
because i expect double bottom
i am just being smallish about the share price in the short term ... a game to me in chances based on ta ... to get the perfect buying touch ... otherwise i am a huge fan in the long term at this share price levels |
Nice day about time too!
Well done lads who got in today :) |
Finished at 59c mid in Canada (33.09p). Hope for +1p tomorrow :) |
Decent volume today - highest since May-24. |
Joined you Che7win, looks a lot oversold to me. Oak bloke substack was pretty interesting as well. |
Welcome, overall a good company. |
I've made initial small purchase here, looks too cheap to me. |
 Cerrito. I don't think anyone can forecast oil prices next month, never mind for the whole of next year. I personally think a lot depends on how the Permian basin performs and whether it sees any oil growth in 2025. Several Oil execs of the large US oil companies have come out and stated their production plans for 2025 is just to maintain, while for once OPEC+ paper to be holding the line on supply volumes.
Certainly looks like a very interesting year ahead when it comes to oil prices!
I am here for the dividend (and hopefully some capital appreciation), as I assume most PIs invested here are. At a free cash flow of $17m, net of the erosion costs, this should cover the divi going forward, but the management appear to have done the sensible thing and built cash reserves this year so should go into 2025 with a very healthy cash balance.
I am already over my allocation limit here so will only reinvest my dividends going forward but expect a bounce back in share price once some confidence returns to the energy market. |
133m$ cash end q3. |
Someone mentioned that free cash flow at current oilprice with a capex heavy year 2025 due to addional errosion costs and around 60m$ dividend payments per year doesnt leave enough headroom for more buybacks. With over 100m$ in cash one could say there is still enough room to buyback more. So my guess is another aquisition is about to be announced soon.... Btw anyone knows how much ptal paid for block 131 in the end? It was backdated to 1/1/2024 but no mention of any adjustments to the asset price of 5m$ in the closing rns of that aquisition! |
I don't know why they keep buying small amounts of shares, at this price they should be buying hefty amounts.. |
Link to Oak Bloke Substack review. Good reminder of the positives of Ptal in the face of the recent significant drop in share price
hxxps://open.substack.com/pub/theoakbloke/p/ptal-ob-2024-ideas-review?r=2gjk7y&utm_medium=ios |
I have been having a look but cant see any rns about it - but have we had a situation previously where the river banks have flooded and what does that mean for Petrotal's production. If you have a look at the river level at Pucallpa it is closes to the flooding level and there is rainfall scheduled for 12 out of the next 14 days. Will certainly make a change to be hoping for less rain for Ptal! |
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