Gutterhead, don’t forget about the 15% WHT to come off the yield |
Analyst note by Zeus is available on research tree
It seems to be a holding update, pending next week's guidance
Overall, this is a positive statement, showing good production data and reassuring on the cash position, and we look for further detail on 2025 work programme plans and production guidance in the statement next week.
We have tweaked our 2024 forecasts for the reported production and cash flow outturn. These changes partly roll over into 2025 from the point of view of cash flows/the cash holding. Our target price of 95p is unchanged |
Added. Undervalued due to historic risk issues. 14% dividend at current price.
Should be 100p imo |
Cheers Albert!
So a good update and substantially better production so far this year! PTAL looking strong. |
Dividends look assured for the immediate |
Click the link inserted in header for Perupetro figures.
Look for Petrotal in the table. |
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. |
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