Pharos Energy Share Discussion Threads

[oilinvestoral] 02/12/2022 13:44

Reducing the overall hedging losses has a few benefits:1) The EPS will improve and that is likely to lead to a better rating / share price.2) While a lower oil price may reduce overall FCF in H2, it makes Snyder cash flow similar to unhedged peers (or potentially better than unhedged peers if the price falls below the average hedge)3) It gives management a small amount of vindication and potential starts to rehabilitate their damaged reputation.

[dunderheed] 02/12/2022 10:48

Fair point I suppose, lol!

[greyingsurfer] 02/12/2022 10:38

I'd say it's better than "losing" money on the hedging?

But "losing" more money on the hedging means PoO is higher, and you get paid more for the unhedged oil. So the more you "lose" on hedging, the more total revenue is.

[dunderheed] 02/12/2022 09:38

I'd say it's better than "losing" money on the hedging?

[thdba0] 02/12/2022 08:45

Over 10m shares bought back now, only around 500k to go.Is 'making money' on the hedging really such a good thing?

[cwa1] 02/12/2022 08:19

Thanks for doing the oil price hedging sensitivity analysis oiA, it will be interesting to see just how close they are when the actual figures come out-after all you're only as good as your last oil price hedging sensitivity analysis ;-)

Couple of days with no buyback-would've thought that since the share price has drifted back a little bit they would've been more aggressive buyers-always assuming they have the courage of their convictions...

[cwa1] 29/11/2022 14:42

I couldn't agree more that fewer, better quality, posts on a bulletin board are better is my, rather sad, preference! I also think that if there's nothing substantive to say then it's fine not to say anything.

That's not to say that any insightful or helpful posts when there IS no real news wouldn't be welcomed of course!

[oilinvestoral] 29/11/2022 14:19

"It seems moribund and lifeless here apart form ongoing share buybacks"-------There's not much to discuss at the moment CWA1. We're all here and patiently waiting for:-1) TGT /CNV drilling update 2) Egypt LT rig restart 3) 125/126 farmout discussions4) Egypt NBS exploration well spud I would also add that: "quality matters"! The quality to quantity ratio of posts has significant improved in recent times! The board used to be drowning in (pardon the pun) "drivel" which is no longer the case!

[geckotheglorious] 29/11/2022 14:07

CWA1
"It seems moribund and lifeless here"

An unintended consequence of chasing EE off the platform. I see Nigel hardly posts here either. A pity - the board is poorer for their absence.

[cwa1] 29/11/2022 07:49

It seems moribund and lifeless here apart form ongoing share buybacks with little or nothing of substance to report.

Today's very modest director share purchases are barely worth mentioning-but just for completeness:-

The Company was notified on 28 November 2022 that, on the same day, Jann Brown, the Chief Executive Officer and Sue Rivett, the Chief Financial Officer, purchased Pharos Energy plc ordinary shares of £0.05 each ("Shares") at a purchase price of £0.26 per Share. The Shares were purchased on the open market pursuant to trading plans entered into by each Director on 19 April 2022.

[yasx] 18/11/2022 14:17

You have a point Al - The last thing we need is Jann engaging in another InvestorMeet event!

At 30p I will bank yet another very substantial profit from this dud - as bad as the management are, it keeps on delivering for me.

[oilinvestoral] 17/11/2022 21:51

To be honest given the tailwinds we've experienced recently (relative to sector peers), I would rather that Jann kept shtum for the time being LOL! It would only take another Ratner moment from Jann to send us plummeting back into the teens....but seriously though, news is overdue on many fronts and I would expect an update sometime this month. If nothing else, the 2 TGT wells should be completed if there are to meet the 2022 target of 3 wells in Vietnam.Those all important farmout discussions are becoming more vital by the day... Anything positive from Egypt is a bonus

[yasx] 17/11/2022 10:06

I know Pharos is holding up well as a result of the buybacks and purchases by the recent holder, but when is this Co. ever going to deliver any meaningful news? Anything on the drilling front? What has happened to 125? It seems to have vanished, like the dust in the wind.

I know 12/4 Q2=Q3, June is July and all that, but, surely even in Kent there must now be a sense of frustration....

[ark87] 08/11/2022 11:51

You’d think if Jann was sitting on any good news would be desperate to get it out with a shark circling? Maybe their is no good news or she still hasn’t bothered to Google Radoff? Regardless, chart looking very strong, expecting to go over 30p this month. Radoff hopefully will take us 40p+

[oilinvestoral] 08/11/2022 10:20

That's my thoughts exactly magic Spehar I can't see how he has accumulated over 20 million shares on the market as the liquidity simply isn't there. I was thinking may be Lombard odier who sold off some shares in the summer may have given him some ...

[cwa1] 07/11/2022 20:42

Excellent news, pleased to hear there's continued stake building in the background

[magic_spehar] 07/11/2022 19:02

Great news indeed OIA. An activist shareholder with a decent holding is exactly what we need here.

The fact that he keeps on buying despite the relative illiquidity here is very positive. Perhaps he has been able to buy directly from larger hereditary sharesholders which would be even better of course.

Hopefully in time he'll be able to unlock the hidden intrinsic value of this company.

[nigelpm] 07/11/2022 18:27

let's hope so - he's going to have a challenge here that's for sure.

[oilinvestoral] 07/11/2022 18:24

Good news! Our new friend Mr Bradley Louis Radoff continues to accumulate Snyder shares (liquidity and daily trading volume permitting). He has now gone up from 4.164% to 5.029%. I think he'll place his cards on the table at around 10% IMHO, let's see...

[jimarilo] 07/11/2022 12:11

According to the latest data from the Australian Bureau of Statistics, excess mortality was over 17 per cent in July. It is similarly elevated in other highly vaccinated populations.

In Germany, excess mortality in people over 60 increased by 174 per cent between 20 September 2021, when 85 per cent of people over 60 were fully vaccinated, and October 2022.

In the UK, there have been more excess deaths in the last three months than at any time during the pandemic or indeed since 2010. In the most recent week, excess mortality in England was 16 per cent.

In the US, excess mortality in people aged 25 to 44, and in those aged 75 to 84, is 18 per cent, and it is 15 per cent in those aged 65 to 74.

The situation is all the more alarming because there should be fewer deaths now, since so many people died earlier in the pandemic. There has also been a dramatic rise in people with disabilities.

As for "Covid", in Australia, vaccine efficacy appears to be negative, judging by the statistics in NSW which are far from perfect but the best in Australia. They show that 88 per cent of people who died were vaccinated even though they made up only 85.5 per cent of the population. They also showed that the unvaccinated made up only 0.15 per cent of people in hospital with "Covid" and only 1.1 per cent of people in ICU.

[steved9] 07/11/2022 08:21

Nurse! Jim’s escaped again!

[yasx] 04/11/2022 14:19

Pharos holding up but no news at all from the Co - it really is time to deliver something.