Providence Resources Share Discussion Threads

[druidinvestor] 04/9/2020 09:57

Hopefully it was a pen and a DCCAE stamp :)

[hermana3] 04/9/2020 09:36

Images of Energy Minister Eamon Ryan in Parliamant yesterday led to speculation that he had nodded off once again during a session. This time they might be exagerrating a bit as he is holding something in his hand.....

[hermana3] 03/9/2020 17:56

Yes at least ancient Biden sleeps most of the the day at home! Eamo comes to work to sleep....

[raisethestake1] 03/9/2020 17:53

His pink bicycle tyres are hardly made from hemp.I wonder how he heats his house,charges his mobile phone etc, because without oil and gas he couldn't carry on as he does.He needs a good shaking to wake him up.Talk about sleepy Joe Binden. We have a sleepy green Minister Eamon Ryan

[hermana3] 03/9/2020 15:11

Steel, The Minister is a right plank and a green one at that! Feel like going into the Parliamant bicycle shed and letting the air out of his pink bicycle tyres.......

[steelwatch] 03/9/2020 15:04

herm - sure am preoccupied with developments elsewhere, but still holding and waiting here. Checking the permit status daily for months...jeez!

[hermana3] 03/9/2020 10:12

And it would help if The Minister would just do his darn job for once. Of course he wants to be Minister for Climate Change rather than Minister for Natural Resources! At this rate Natural Resources Sector will go the route of the less than universally loved Tobacco Industry Sector and become a money making pariah...

[aimbagger] 03/9/2020 09:24

100%, I get that and I would imagine many long termers are still feeling sore. Once the FO is officially signed however and Alan Linn has proved his worth further I feel that even long termer will be looking to average down with renewed confidence.

[hermana3] 03/9/2020 09:04

AIM, Some have no vision and it also could be due to all the question marks of previous management here. Legacy issues if you know what I mean....

[aimbagger] 03/9/2020 09:00

Sure does! I quite like that though, let it rise gradually under the radar and then when news does start to flow and retail begin to cotton on to the value on offer here, we're already handsomely in profit. I always buy ahead of news, amazing how many don't and then chase it when released.

[hermana3] 03/9/2020 08:57

AIM,It seems sometimes like we are the only ones left on here! De Steelmeister must be preoccupied elsewhere....

[aimbagger] 03/9/2020 08:28

Nice buying this morning. Hopefully see the share price push through 5.5p soon and onto new recent highs ahead of news.

[aimbagger] 02/9/2020 14:14

Yes herm, oil prices could rise to $65 according to analysts, some 45% higher than current $45.Barryroe is going to be breakeven at c$26 making it hugely profitable & due to the quality will sell at a premium to Brent!Also estimated to contain 0.5-1.2TCF of gas which is hugely significant, especially as it looks like they plan to develop it as a gas field for the increasing need in country to save on importing vast amounts in the future.Future mid cap!

[hermana3] 02/9/2020 13:19

And Alan has high hopes for Natural Gas at Barryroe too. Surprised there arent a few more availing of current lull in share price to accumulate a few.

[aimbagger] 02/9/2020 13:12

Mirabaud note March '18 (based on 40% net to PVR) states that even a small first phase development of 56.4 mmboe, using $70/bbl & discount rate of 10%, is worth £373.3M unrisked & £224.3M risked (60% CoS) = 45p unrisked & 27p risked based on 835.4M shares! Huge upside.

[hermana3] 02/9/2020 09:25

Nudging up again today in the slow runup to sleep loving Minister Ryan finally signing off on Barryroe Site Survey....

[hermana3] 01/9/2020 17:22

Yes nice wee 2% rise on tiny volume. Eamon Ryan The Natural Resources Minister should be back in his office by now so a sign off on Barryroe Site Survey could be anyday now.....

[aimbagger] 01/9/2020 10:44

Nice start to the day/week. MM's supply seems to have dried up as it's moving on little volume.

[hermana3] 31/8/2020 09:15

Cep,Have to wait until opening in a few hours across The Pond.

[cephalosaurus] 31/8/2020 08:50

Bank holiday no trading today in England

[hermana3] 31/8/2020 08:49

CN_wire

JUST IN:
#Goldman Sachs says Brent prices expected to rally from $45/bbl currently to $65/bbl by 3Q21 and Raising Q221 onward demand profile, expecting oil demand to rise by 3.7 mb/d from January to August next year.

[hermana3] 28/8/2020 17:10

Only one modest buy reported late. As usual dont take much to rise or drop this very illiquid stock.

[hermana3] 28/8/2020 16:50

Me too. Chunky buys coming in late....

[roadster750] 28/8/2020 16:40

Think there might be a bit of after hours action.

[aimbagger] 28/8/2020 16:35

Cracking close to the week and a higher low in on the chart.