President Energy Share Discussion Threads

[bengal1] 06/7/2022 22:24

Perhaps all of the above is now in play, with exception of the miserable share price Still invested Brasso?

[brasso3] 06/7/2022 21:57

The market is not interested in PPCs fancily worded RNS anymore.

The market wants to see cashflow being used to create organic growth.

- Increased production (failed)
- Increased reserves (failed)
- Reduced debt (failed)
- Positive cash balance (failed)
- Increase in share price (failed)

[bengal1] 06/7/2022 21:28

I suspect there will be a decent update before the AGM. A fews hours before the AGM if Atome is anything to go by. So 10 trading days off.

[dimpkins] 06/7/2022 21:22

Thanks Bengal1

[bengal1] 06/7/2022 21:01

Been drinking?

[piperpeter] 06/7/2022 20:15

Well, you wouldn't find a more undervalued target than PPC's 25 million barrels of 2P oil reserves, that's for sure.

Pp.

[bengal1] 06/7/2022 18:20

The Accounts to end Dec don't really inspire or excite. It is the trading from 2022 Q1 to Q4 that will make all the difference, especially with Louisiana, and the fullness of higher prices and volume combined. Throw into the mix Paraguay drilling and Argentina possible farm-in then it all becomes a different proposition. Well that's my view anyway despite the miserable share price The market bond balancing the books to get Paraguay into play presumably. Far from bust, and maybe there might be a cheeky bid for the company that also secures a significant proportion of Atome. Who knows (PL?). Whilst PPC might be looking for acquisitions (bargains) we are probably a target for the same.

[dimpkins] 06/7/2022 18:07

Bust? Why have they not generated cash and need to tap the bond market?

[piperpeter] 06/7/2022 16:15

US$20 million EBITDA this year?

Pp.

[bengal1] 06/7/2022 16:12

It's the free cash flow and profit that is important

[piperpeter] 06/7/2022 15:58

This years revenue, as things stand, will be approximately US$45 million, which is approximately GBP37.7 million.

Current market cap GBP28.3 million.

Pp.

[piperpeter] 06/7/2022 15:51

Current market cap of GBP28.3 million is now lower than last year's total revenue of GBP28.6 million.

Pp.

[bengal1] 06/7/2022 15:39

Current ops update should impress.

[bengal1] 06/7/2022 15:37

Taken an extra nibble.

[activmojo] 06/7/2022 15:35

Why not hold any cash to expand and develope Paraguay if the drill is successful

[brasso3] 06/7/2022 14:02

PL would like a salary + interest payments + a dividend no doubt!

[piperpeter] 06/7/2022 14:00

Agreed.

Current market cap is now equivalent to last years revenue.

Perhaps the Company should send some of the dollar based profit back to the UK and pay a dividend.

Pp.

[brasso3] 06/7/2022 13:47

Hopefully not in Argentina!

[piperpeter] 06/7/2022 13:33

Could do with an acquisition to detract attention from the free cash flow, EBITDA and profit the Company currently finds itself accumulating.

Pp.

[brasso3] 06/7/2022 11:34

Its a good job the BoD do not look at the share price!

[brasso3] 05/7/2022 22:13

Sells at 1.35p/ 1.36p today.

Oil rolling over and now below $100/ barrel.