Petrotal Share Discussion Threads

[pec2004] 22/4/2021 08:50

Very quiet board as no posts on results. This shows PTAL is under the radar.

[johnhemming] 21/4/2021 08:14

>Who agrees with me.
Which is, of course, a good demonstration of how a democracy works. People don't always agree with each other as is demonstrated on this thread.

In Peru people have voted for a range of different presidential candidate and there will be a run off.

I remain interested in what happens and if Castillo wins (which on the information we have so far appears most likely) I am not intending to sell my holding. However, "Share prices, their values and the income from them can go down as well as up and investors may get back less than their original investment."

[buffythebuffoon] 21/4/2021 07:59

Who agrees with me.

Buffy

[doughcyclone] 21/4/2021 02:07

New production numbers, 7500 bopd april 1-19.

And I agree with thommie.

[thommie] 20/4/2021 19:27

john after 5 days of the same info about a 20% party that might change sth in peru we know everything about it now, you can stop it. thx :)

[johnhemming] 20/4/2021 18:10

The nub of the issue is a good quality company facing political uncertainty. Anyone investing has to think it is likely that Castillo will win the election. He has actually said he wants investment and we then have the usual question of what is necessary to encourage foreign investment.

One of the things that is necessary is some predictability of terms. Hence if a company agrees something with the state then there needs to be certainty that this will continue to be the situation.

There is however an election going on and whoever wins (and I don't see it as a walkover for Castillo) will not take office until late July.

I would expect the uncertainty to hold down the share price until there is more certainty.

[bradvert] 20/4/2021 15:49

Not the RNS, as TAL has hardly moved today.I think London is just catching up with the big price move in Toronto yesterday.

[johnroger] 20/4/2021 15:06

Moving up strongly, election worries receding or update effect?

[thommie] 20/4/2021 12:52

so basically 31mio in cash coming in for sure now, alone paying for 2 producers and one water injector. plus 30% of production guidance secured above 60$\bbl. I topped up a little bit with what I was able to secure out of the panr desaster yesterday.

[johnroger] 20/4/2021 12:31

"Internally, financial and technical fundamentals have never been stronger, and our management team have many years of experience operating in different environments that transition politically. Peru has attracted material external global capital and we believe it will continue to remain an attractive jurisdiction for investment, following the results of the upcoming Peruvian elections."

[doughcyclone] 20/4/2021 11:48

All oil (1.8m bbl) in ONP hedged. 1.2 million barrels of this years forecasted oil production hedged, representing 32% of forecasted production April 1-December 31. True-up payments of $31m expected from oil in ONP. Hedge prices of $60.60-$66.00. Year-end results being announced April 22.

[johnhemming] 19/4/2021 07:07

Opinion Poll has Castillo in the lead


This is a different report of the same poll which appears to have different figures (and be an automated translation of something).



This is the pollsters twitter feed


I have not been able to find the original document as yet and probably will get on with something else now anyway as the twitter feed identifies some of the key points.

Here is a list of mining companies active in Peru


It will be interesting to see what happens to the share price for those that have a material proportion of peruvian exposure.

My own personal view is that Castillo will be held back to some extent by Congress, is fighting againt mathematics (and maths will in the long term win) and in any event is talking mainly about royalties which is not as adverse to business as Corbyn's policy in the 2019 General Election which actually involved seizing a proportion of listed companies.

[doughcyclone] 18/4/2021 22:22

I think we can ignore that post as it seems to be referring to another stock.

[johnhemming] 17/4/2021 20:22

One thing I particularly like about this stock is knowing what production is going on almost in real time.

[thommie] 17/4/2021 20:07

Interesting discussions. Im not really scared. btw it cant be far away when the deviated well will be finished as they are not doing a horizontal section at this one. expect lower initial rates compared to the last horizontal wells which yielded Initial production of around 5000-7000 bopd - for a few days at least :)afterwards they will drill a water disposal well and go one with another 3-4 horizontal wells.

[johnroger] 17/4/2021 15:07

Your buy at 15.125p John?

[johnhemming] 17/4/2021 10:59

I don't know and in the end it does not matter. I accept that he is not supporting him in the run off. When politicians talk to the media there are a lot of conversations that go on in the background that affect how things are reported.

On the other hand at times the media will report things inaccurately. We cannot know.

I would not have been surprised if he were flying a kite to see which way the wind blows. Frankly with the number of Venezuelan refugees in Peru (and the history with SL) it is surprising that so many people vote for hard left candidates. But this is South America.

[doughcyclone] 17/4/2021 10:53

RLA never actually supported Castillo in the run-off, I read. He was misquoted/misinterpreted. What he meant was “if Castillo becomes president I will support him”. Big if. Basically just saying he respects democracy, nothing controversial.

[johnhemming] 17/4/2021 10:43

Thanks to doughcyclone for pointing out that Lopez Aliaga reversed position yesterday morning. As I have said things change and it is worth being kept up to date with the most recent information.

However, I don't spend all of my time researching Peru and I get information from a number of sources including doughcyclone and other posters on ADVFN. I also sleep and eat at times and don't spend all my time looking at ADVFN.

I must admit I am midly miffed at people positing that I only post information that fits a particular narrative. However, in the end people come to their own conclusions.

The challenge with investment decisions is to be able to decide when you have information that requires that you change your mind on an investment. I bought some shares at about 9.30am yesterday believing at the time that Aliaga would back Castillo even if only a third of his supporters would. Obviously if Castillo loses then there is a substantial reduction in investment uncertainty.

As people may know I have some experience of politics and my guess would be that he would have been under substantial pressure from his supporters not to back Castillo and it is fair to describe Castillo having similar ideology to Chavez.

[doughcyclone] 17/4/2021 01:15

I must say I’m quite surprised that our self-appointed Champion of Knowledge, Mr Scientia Potestas Est, didn’t come back here to correct his misinformation. After all, Lopez Aliagas tweet has been out for quite some time. Oh, well, I guess it didn’t fit the narrative.

[doughcyclone] 16/4/2021 20:56

hXXps://www.bloombergquint.com/business/peru-would-be-a-dicatorship-under-castillo-lopez-aliaga-warns

[doughcyclone] 16/4/2021 20:52

” In a tweet late Wednesday, Lopez, a conservative businessman, denied rumors that he had spoken to Castillo or planned to meet with his Free Peru party.

“Popular Renovation will not support the party of Mr. Castillo because his governing plan will turn our country into a cruel dictatorship like Venezuela or Cuba,” Lopez wrote.” [...]