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Petrotal Corporation

0.75 (1.78%)
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 Shares Traded Last Trade
  0.75 1.78% 43.00 924,190 15:19:22
Bid Price Offer Price High Price Low Price Open Price
42.50 43.50 43.00 42.25 42.25
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Crude Petroleum & Natural Gs 332.38 188.53 218.70 1.92 370.75
Last Trade Time Trade Type Trade Size Trade Price Currency
17:07:51 O 110,000 43.00 GBX

Petrotal (PTAL) Latest News (1)

Petrotal (PTAL) Discussions and Chat

Petrotal (PTAL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type

Petrotal (PTAL) Top Chat Posts

Top Posts
Posted at 25/4/2023 07:36 by ashkv
Pipeline back, Production at 21,500 March 2023 average, Brazil export route capacity increased, Zero debt, 10% Dividend Yield and 10% of share capital to be bought back - buybacks imminent...

Share price should be 80p plus!!!!

Share Price : 45.50p
PTAL Current Share Price vs 52 Week low of 34p on 20 Mar 23: 33.82%
PTAL Current Share Price vs 52 Week High of 62.6 on 9 Jun 22: -27.32%
Brent Price : $82.50
Shares Outstanding : 883,800,368
Market Cap GBP : £402,129,167
GBPUSD : 1.25
Market Cap USD : $502,661,459
Debt: $0
Cash (31 Mar 2023) : $71,000,000
Net Cash: $71,000,000
Surplus Balance 31 Dec 22 ($75mn PetroPeru $75mn): $74,000,000
Net Cash + Surplus Balance Estimate (31 Dec 2022): $145,000,000
PTAL Q1 2023 Actual Average Production: 12,193
PTAL 2023 Production Guidance Mid-Point: 14,500
PTAL March 2023 Average Production Sales: 21,500
PTAL 2022 Production : 12,200
Enterprise Value (USD) : $431,661,459
Enterprise Value(USD)(Net Surplus Balance = Including Receivables) $357,661,459
EV/BARREL Q1 2023 Actual Average Production Till 29 Mar 23: $35,402
EV/BARREL 2023 Production Guidance Mid-Point: $29,770
EV/BARREL PTAL March 2023 Average Production Sales: $20,077
EV/BARREL (Net Surplus Balance = Inc Receivables) 2023 Mid-Point Guidance: $24,666
EV/Barrel Full Year 2022 Actual : $35,382
Decommissioning Liabilities (FY 2022 Results): $13,393,000
Dividend Yield - Payable Quarterly (2023): 10.55%
Net Payout Yield (NPY = Div + Buybacks + Tender) : 20.55%

Posted at 30/3/2023 07:51 by valhamos
"In addition, PetroTal is pleased to reinstate a US$0.015 per share quarterly eligible dividend(1) with expected record and payment dates in June 2023. On an annualized basis, this represents US$0.06/share and an approximate yield of 13.9% based on a trading price of US$0.45/share. "

I cannot see that yield lasting long - the share price will have to increase accordingly.

Posted at 30/3/2023 07:18 by ashkv
Wow what a set of results - Debt free, Buybacks for 10% of outstanding shares and nearly 14% dividend at current share prices...

Happy to be in at these rock bottom prices :) :)

Posted at 17/3/2023 09:29 by thommie
That looks promising. Best loadings row I have ever seen by ptal. The additional 300k loading capacity seem to be online already.Just a pitty the oil price just crashed by 10$\bbl and the loadings are priced as FOB Bretana plus 2 months. So the rise in loadings is a little bit flattened by less earnings than before.If you have twitter you can also follow fi gambler for the production numbers, he monitors it since a long time and uses graphs as well.hTTps:// recent bad share price performance from 42 to 37p in my opinion is due to makro events re bank fears and the constant selling out of the recent 8,8m shares that BurggrabenH just converted their warrants in. They also were responsible for the last fall from 60 to 40p because of their hard selling. So I guess a big chance it will be possible to get in cheap before thr shareholder returns will be announced in q2 after the complete retirement of the bond in around 1 week.
Posted at 09/3/2023 12:15 by king suarez
Still warrants to be cleared. From the accounts it looks like they expire this June - this is why we keep seeing the share price fall back after every rise.

I suspect we'll get a good uplift in the share price in H2 this year once the warrats are gone and dividends commenced. Not long left to accumulate cheap shares imo.

Posted at 17/2/2023 09:25 by thommie
Jep, I guess it had sth to do with the tsx listing? If it really was a transaction it would have shifted the price afterwards very hard to the up no matter if it was a buyer or a seller as the mm would stop depressing the share price after a huge buy is done at a certain price or the selling pressure after a huge seller is gone would lead to less shares available than before which would make the share price rise as well. I cant see how anyone would be able to buy or sell such a huge stake on the open market taking into account the usual 300-400 000 shares traded per day.
Posted at 16/1/2023 15:31 by king suarez
Anyone buying in on the back of the presentations had been expecting a sustainable FCF yield of around 35% at today's share price.

Today's update has 'revised' that to around 13%. Still not bad, but... I am not surprised the share price has not shot up on the new forecast!

Posted at 16/1/2023 10:01 by ashkv
Share Price : 42.00p
Brent Price : $84.70
Shares Outstanding : 862,208,996
Market Cap GBP : £362,127,778
GBPUSD : 1.22
Market Cap USD : $441,795,890
Debt: $80,000,000
Cash (31 Dec 2022) : $104,000,000
Net Cash: $24,000,000
Receivables 31 Dec 22 ($75mn PetroPeru $75mn + $30mn Brazil Trading Partner): $105,000,000
Net Surplus Balance Estimate (31 Dec 2022): $129,000,000
PTAL Q4 2022 AVERAGE Production : 10,374
PTAL 2023 Production Guidance Mid-Point: 14,500
PTAL Max Proven Capacity (As of Jan 2023): 23,709
PTAL 2022 Production : 12,200
PTAL 2021 Production : 8,966
Enterprise Value (USD) : $417,795,890
Enterprise Value(USD)(Net Surplus Balance = Including Receivables) $312,795,890
EV/BARREL Q4 2022 AVERAGE Production : $40,273
EV/BARREL 2023 Production Guidance Mid-Point: $28,814
EV/BARREL PTAL Production Proven Max Capacity (As of Jan 2023): $17,622
EV/BARREL (Net Surplus Balance = Inc Receivables) 2023 Mid-Point Guidance: $21,572
EV/Barrel Full Year 2022 Actual : $34,246
Net Payout Yield (NPY = Div + Buybacks + Tender) : 22.63% (Auctus Estimate = $100mn)

Posted at 28/12/2022 15:56 by thommie
Good update. 3500 bopd on natural flow is much more than I would have expected. Perupetro figures till 26th are at 10 800 bopd monthly average already. Should go up to 12 500 bopd if they go one production at 20k bopd. Barges arriving at brazil will be in a sort of traffic jam as it takes more time to unload them in manaus than loading at bretana. Plus they are all lined up at bretana to load crude now, but once they started their journey to manaus it takes around 40days for the roundtrip back to lot 95. So if onp doesnt reopen in mid january they will likely have to constrain production again to I guess 10 000 bopd till the barges start to arrive from brazil again... Or onp reopens... They already showed 2 months in 2022 that the brazil route is capable of nearly 600 000 bbls per month together with the iquitos export if no disruptions occur. That would be 20 000 bopd!Stunning outlook, if social peace finally will start to shine through and no unexpected issues arise. But the reserve upgrade should be big again. They already hinted in this rns, that in addition to the 2P case they plan to drill 2 additional wells furhher south, because the last 2 wells drilled showed thicker oil column that is more widespread than anticipated. None of the longterm investors will be surprised by that, as the well drill results have been so much better in the last 3 years than expected under the known OOIP number given from the start. As someone once said... Good fields tend to get bigger and bigger over time.Somewhat muted share price response this time and after the last rns. I reduced my position 3 weeks ago due to the chance of short time gains in SAVE and planned to reinvest it plus the anticipated gain back into ptal. But it's not possible now, as save got suspended. I still own 120k shares in ptal so it's ok, as long as the SAVE investment comes good as originally anticipated.... I hope I will be able to buy back some ptal at the current cheap prices, before the train leaves the station next year after reserve upgrade and the payback of the 80m outstanding bond plus shareholder returns...
Posted at 25/8/2022 09:05 by thommie
It's quite funny. As usual the perupetro figures tell the truth re production performance. You will be told the reasons and problems months after that.Even if that performance since early july when they were speaking about a guidance of 18-19 000 bopd, just to have to constrain the production to 5700 bopd for 3 weeks 2 days later, were missed many people today are enthusiastic about the much lower performing case now as even with that it is so so much undervalued at the current sp! Ptal share price was supressed by the social issue problem since years, that now seems to be at least solved a big bit more than before. But this still is supressing the share price performance. Just think what will happen once they start to outperform their guidance instead of having to revise it down? That means no social issues again that hinder production or transportation. Onp repaired (scheduled for october now, was september before) and the early repayment in q4 that seems to be only a formality and will allow for the commencement of distribution to shareholders with the growing cash balance. But ofc, expect unjustified high performance share grantings of millions to directors again, filling their coffers on the back of us shareholders. In the end this will be such a cash throwing machine in the coming years that will make us able to accept it like it will be.I still dont get the reason BurggrabenH sold its shares just before these positive times are about to start soon. But I guess 400% is enough for an institution and, dont forget BurggrabenH still holds 3m shares plus around 8m warrants.
Petrotal share price data is direct from the London Stock Exchange
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