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Share Name Share Symbol Market Type Share ISIN Share Description
Petrotal Corporation LSE:PTAL London Ordinary Share CA71677J1012 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  2.25 12.68% 20.00 19.50 20.50 21.00 18.50 18.50 7,684,353 15:16:39
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 7.8 -4.2 0.8 26.5 164

Petrotal Share Discussion Threads

Showing 4376 to 4399 of 5175 messages
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DateSubjectAuthorDiscuss
15/4/2021
10:43
Sorry but you can’t possibly, with a straight face, claim that your speculations about whole right wings parties suddenly voting far-left, to be news. It’s clear those kinds of speculations is to scare people. Why would I block you so you could continue spread your fear unquestioned?
doughcyclone
15/4/2021
10:26
As an investor I like to know the truth. That is my agenda. If people do not want me to post news (whether it be good or bad) then there is always the filter. You can then not see what I am posting. I have in fact been investing on my own account for over 30 years. The key to success as I see it is getting accurate up to date information upon which to rely to make decisions. When looking at the political process in different countries it is a mistake to rely on the analysis of the media. Looking at the presidential election in Peru we have: Castillo 19 who I would expect to be backed by Mendoza 8 That is only 27%, but there are all the blank votes and they may vote for someone although I would hazard a guess that they won't. Aliaga had 12% which would take Castillo to 39. I would hazard a guess that Fujimori will still win, but I think this shift (which will not move all of the votes and may only move half) is significant.
johnhemming
15/4/2021
10:10
A material part of the right suddenly voting far-left? Um yeah good luck with that. Your agenda is clear.
doughcyclone
15/4/2021
09:32
https://eltiempo.pe/rafael-lopez-aliaga-pedro-castillo-segunda-vuelta-mp/ Rafael López Aliaga , candidate of Popular Renovation , surprised everyone by expressing that he would give his support to Pedro Castillo , from Peru Libre, who will go to the Second Electoral Round scheduled for June 6. Its going to be close, but if a material part of the right backs Castillo I would expect Castillo to win.
johnhemming
14/4/2021
13:23
Yes, thanks John. Buffy
buffythebuffoon
14/4/2021
11:58
That links enables looking at the database of arbitration cases between Canadian companies and Peru.
johnhemming
14/4/2021
11:25
I was referring to the link in your last post before mine. Any further back and I’d cite the post number. Buffy
buffythebuffoon
14/4/2021
11:17
Yes indeed. Just look at Venezuela and its oil reserves what a crock.
sleveen
14/4/2021
10:53
>What’s the link in relation to please? Which link? What I have looked at is the process that would be used by Petrotal to enforce the Canada-Peru FTA (Petrotal being registered in Canada) in the very unlikely event that Petrotal gets Block 95 etc taken away by the state. When it comes to assessing risks I like to consider a range of possible outcomes. Arguably it is probable that Castillo won't win. If he does win he is talking about general financial changes not simply pushing companies off leases. It is, however, worth understanding how international trade law works and what the basis of enforcement operates. I post the links here because I think it is helpful for other shareholders, but I may have had more of an interest historically in international law than many. I have a case myself in UNECE at the moment. The problem for Peru Libre is maths. Investors will always assess investments based upon a calculation as to what they have to invest, what the likely return is and other factors. If the state creates shifting sands where there is less contract certainty at times investors won't invest alternatively they will want a higher return for their investment. Hence the actions of people like Peru Libre (if they do what they say they want to do) are likely to be almost entirely counter productive. However, it being politics it is entirely possible for people to do things which are entirely counter productive. It is also possible that SL violence kicks off again. However, it was not in the Bretana area.
johnhemming
14/4/2021
10:19
What’s the link in relation to please? Buffy
buffythebuffoon
14/4/2021
08:55
Quite happy to see the fall to be honest, my average is below 10p and I want to double my holding as the projections of where we could be 2024/2025 are complelling.
pec2004
14/4/2021
08:55
I do hold Petrotal. https://icsid.worldbank.org/cases/case-database
johnhemming
14/4/2021
08:51
Are you a shareholder John? Buffy
buffythebuffoon
14/4/2021
08:48
All I am doing is trying to provide useful information such as this wikipedia page: https://en.wikipedia.org/wiki/Canada%E2%80%93Peru_Free_Trade_Agreement People can make their own decisions. This is also relevant http://arbitrationblog.kluwerarbitration.com/2017/12/16/bear-creek-mining-v-peru/
johnhemming
14/4/2021
08:38
Let’s not get carried away. Scare stories abound in some regions, and the majority never come to fruition. Nothing has happened here; it’s likely nothing will. This is a multibagger without a shadow of doubt. Of course, you must make up your own mind and not be swayed by bulletin board posts, without which you’d have been perfectly happy. Buffy
buffythebuffoon
14/4/2021
08:18
We had political instability before the elections.
johnhemming
14/4/2021
08:16
So now we have political instability following on from community instability. Peru will gain a reputation of being anti-investment. 70% tax regime, no one will invest in Peru. Stupidity beyond belief.
sleveen
14/4/2021
06:03
If it had not been Fujimori herself then Castillo would have lost. However, there are two questions: a) In an unpopularity contest what will happen? b) Peru has compulsory voting, but about 20%+ of people cast invalid votes (intentionally) will some of them vote for him. Still we don't know. Investment as with anything else has known unknowns and unknown unknows. This is an unknown that people have become more aware of.
johnhemming
13/4/2021
21:10
Yes a left populist won the first round. 2nd, 3rd, 4th and 5th place are all to the right though. Surely Fujimori will win the final round in June. Can’t see Castillo getting above 50%.
doughcyclone
13/4/2021
19:28
This is the standard phrase: http://perulibre.pe/programa-economico-de-peru-libre/ 8. The contract-laws, which shield mega-corruption in perpetuity, must be eliminated, making transnational companies keep 70% or more of the profits and only 30% for the State, and sometimes exempt from taxes. This proportion must be reversed and if the company does not comply with the new rules, the site in question must be nationalized. The complexity for Petrotal is that a large amount was invested previously in Bretana which is why there should not be tax taken until the project in the round is in profit. What the 30:70 - 70:30 thing means is not clear. However, it is the shifting sands that causes the real problem with all of this and the concept that the state should not be bound by contract principles. (which is what you get from populist trots). Still we are some way off from this anyway.
johnhemming
13/4/2021
18:51
Thanks for the links John, plenty of reasons for caution!
johnroger
13/4/2021
18:36
This is perhaps quite a useful article https://www.argusmedia.com/en/news/2204922-perus-presidential-rivals-shake-investors Of note in this is Castillo wanting to change the constitution which means he sees it as a problem to what he would like to do.
johnhemming
13/4/2021
17:06
I found this a useful link: https://constituteproject.org/constitution/Peru_2021.pdf
johnhemming
13/4/2021
06:05
I think the Fujimori Castillo run-off will cause concerns. I personally want to see the balance of seats in the congress to make a further judgment. I don't think Castillo has much support in the congress and there may be 87 people elected who would vote to impeach either of the candidates. I would expect this uncertainty to hold back the share price and it will probably take beyond June to get any certainty to replace this. I think the Monthly average b/d are most useful with 7,963 in April and 7,072 in March. The peruvian government have an average of 5,643 for 2020.
johnhemming
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