Providence Resources Share Discussion Threads

[njl53] 03/10/2018 21:21

Is there anything known about Spanish Point that could go in the Outlook-Key Activity boxes at the top of the thread or is it now consigned to the history books?

[hermana3] 03/10/2018 21:15

Abu, Many thanks and I should head across de pond more often!!!

[abudhabi123] 03/10/2018 19:38

Welcome back Hern...

[hermana3] 03/10/2018 19:21

Big Hugh upbeat too. Nice rise here on me hols...

[blueteam] 03/10/2018 19:15

wow next few days could be very interesting as really looks like with all that good news may well head close to 30p. Expect some heavy buying in the coming days.

[dafrog] 03/10/2018 18:43

On Ian King Live, Sky.

[2solaris] 03/10/2018 18:42

Any chance of a normal chart in the header please.

[2solaris] 03/10/2018 18:41

CEO on Sky news.

[thetoonarmy2] 03/10/2018 17:37

Still an up day it was only the mms playing with the spread still 17.5p to buy, the news article in Dublin didnt really have any effect.

[steelwatch] 03/10/2018 17:14

Hawkeye abu deserves the credit

[offerman] 03/10/2018 17:10

Cheers Steel

[abudhabi123] 03/10/2018 16:43

TIPPED 200% UO PRE DRILL
[...]

[funtimejonny] 03/10/2018 07:20

Thanks for posting roadster and Druid.

[matt] 03/10/2018 07:08

The Mirabaud calcs when applied to LOGP look to illustrate the even greater undervaluation there.

[druidinvestor] 03/10/2018 06:50

Private bank Mirabaud has upgraded its price target on Irish oil and gas explorer Providence Resources by more than 50 per cent after the company amended an agreement to sell a stake in its flagship Barryroe prospect.Providence said last month that it had finalised an agreement with Chinese explorer Apec in respect of a farm-out agreement for its Barryroe site, a move Mirabaud sees as a "major step towards commercialising" the oil field.Assuming a discovery is made, Mirabaud valued Providence's stake at over $1.3 billion (€1.12 bn)."We consider the company to be in an almost unique position, offering deep value but with a clear roadmap to commercialisation," analysts James Midgley and Tim Hurst-Brown wrote in a note to clients.The private bank is not considered an independent commentator on Providence because it is currently engaged by the oil explorer to provide corporate finance services

[roadster750] 03/10/2018 06:50

ftj.
Private bank Mirabaud has upgraded its price target on Irish oil and gas explorer Providence Resources by more than 50 per cent after the company amended an agreement to sell a stake in its flagship Barryroe prospect.

Providence said last month that it had finalised an agreement with Chinese explorer Apec in respect of a farm-out agreement for its Barryroe site, a move Mirabaud sees as a “major step towards commercialising̶1; the oil field.

Assuming a discovery is made, Mirabaud valued Providence’s stake at over $1.3 billion (€1.12 bn).

“We consider the company to be in an almost unique position, offering deep value but with a clear roadmap to commercialisation,” analysts James Midgley and Tim Hurst-Brown wrote in a note to clients.

The private bank is not considered an independent commentator on Providence because it is currently engaged by the oil explorer to provide corporate finance services.

[funtimejonny] 03/10/2018 06:31

The Mirabeaud report on PVR gets coverage in todays Irish Times. Sorry I can't post. I don't have a subscription and I've used up my 3 free views for this week. Can anybody copy snd paste it here?

[papillon] 02/10/2018 23:08

Both LOGP & PVR do appear very cheap. I topped up in LOGP today.

[njl53] 02/10/2018 22:39

Steel, many thanks for the excellent Mirabaud report.

[abudhabi123] 02/10/2018 15:56

itsriskythat...
hxxps://www.rt.com/business/440068-oil-opec-iran-sanctions/

[itsriskythat] 02/10/2018 14:44

Thanks for posting the report.

Mirabaud says on page 7 .. "we expect the shares to trend toward towards the 100-140p/shr mark". :)

Meanwhile in the real world there are more sells than buys :(

So when are Lansdowne kicking BHC to produce their own "independent" valuation?

Just for starters, and to get them going ..

Mirabaud have 40% Barryroe valued at 97.7p per share to Providence (NAV risked at 64.5% and $70/bo)

The equivalent for Lansdowne is 10% Barryroe valued at 24.6p!

[riley9] 02/10/2018 14:00

Spreadbet co's are all either phone or close only. Usually a sign they don't want to many more buying as they know which way it's going....

[steelwatch] 02/10/2018 13:36

Ah, the joys of tinyurl.com:




Make it short guys!