Ruspetro Share Discussion Threads

[sat69] 31/1/2013 23:05

Yes. I believe there is a 10% chance it will hit 35p. The most likey risk of this is there being a further substantial delay in the coming online of the machinery that is hampering the condensate production.

[rojer108] 31/1/2013 22:45

Any chance this will hit 35p? I've set s buy order for 5k.

[sat69] 31/1/2013 18:36

Ok - Thanks Darcon. There is no doubt in my mind we have turned the corner with this stock. We should easily hit 80p again at some point this year.

[darcon] 31/1/2013 18:14

From Dow Jones article: ""Sibur chose a very favourable moment for the primary placement, this allowed it to boast the lowest coupon among the currently outstanding Russian 'BB'-rated papers," said Mr. Sklemin.

Whether debut issuer and independent oil and gas development and production company RusPetro PLC (RPO.LN) will get away with similar pricing will remain to be seen after it concludes meetings with investors on Friday ahead of potential dollar bond. RusPetro is rated B- by S&P."

I think there is a chance we will get the results of the $350mn loan note and its pricing tomorrow afternoon.

[darcon] 31/1/2013 18:10

From the company's RNS: "The Directors intend to convene a general meeting of shareholders on 18 February 2013 to obtain the necessary shareholder approvals required. The Directors expect to post the circular to shareholders containing the background and reasons for the Conversion and the related approvals required from the Shareholders and to convene the necessary general meeting, on or around 1 February 2013."

[flyingbull] 31/1/2013 18:08

Oil Challenge: February " >20% Up" and ">20% Down" oil stock competitions. Deadline for entry is later today (Thursday) at midnight.
Best of luck.
fb

[sat69] 31/1/2013 18:06

Darcon - Are you expecting any news tomorrow?

[darcon] 31/1/2013 17:42

I added some more today. Crunch time tomorrow

[sat69] 31/1/2013 16:39

Once we close above 52p there is a massive gap all the way to 80p to be filled.

Interesting that SOL has taken an uptick.

[wigancasino] 31/1/2013 16:03

Are we on the turn or yet another false dawn?

[black bird] 31/1/2013 13:29

ruspetro annouce in feb 12,000 bopd should do thr trick share price 31-1-13 47p

[black bird] 31/1/2013 13:26

i2 k b o p d feb annoucement should do the trick S/P 31-1-13

[black bird] 31/1/2013 12:59

Ruspetro feb annoucement should do the trick, 12 k bopds/p 47p 31-1-13
or have all the analist got it that wrong, look at targets in 2012

[sat69] 30/1/2013 17:31

Excellent! - Well done.

[darcon] 30/1/2013 17:30

Thanks Sat69. SOL chart now added!

[darcon] 30/1/2013 17:28

Another interesting link:

[sat69] 30/1/2013 17:19

I gave precise instructions in post 679. Looks like you missed them.

[darcon] 30/1/2013 17:14

I had a buy limit order in place.

I don't know how to put a SOL chart into the header.

[sat69] 30/1/2013 17:10

I tried adding yesterday but they went into auction. As soon as they came out the price started rising again. That is a clear indication of the seller being filled and buyers coming in.

Any luck with that SOL chart?

[darcon] 30/1/2013 17:08

I hope so. I was able to add a few more yesterday during the spike-down. This is now my largest position.

[sat69] 30/1/2013 17:06

Judging by the price action of the last 2 days, I believe our big seller has now gone. We should start moving sharply higher very soon. I can see a quick move to 80p in the short term.

[darcon] 30/1/2013 17:06

Above is a link to an nteresting report from Veles Capital dated Monday, 28 January 2013 on the market for Russian bonds. They state on first page that: "Ruspetro starts a road‐show of Eurobonds for 50 mn USD." This must be a typo mistake as S&P's credit rating is on the basis of a USD350 mn notes issue as follows:

"Rating Action
On Jan. 25, 2013, Standard & Poor's Ratings Services assigned its preliminary
'B-' long-term corporate credit rating to London-based independent oil and gas
exploration and production company RUSPETRO Plc. The outlook is stable.
At the same time, we assigned a 'B-' preliminary issue rating to RUSPETRO's
pending $350 million notes issue.
The preliminary ratings are subject to the successful issuance of the notes
and our review of final documentation. Any change in the amount or terms of
the issue would trigger a review by Standard & Poor's and could affect the
current corporate credit and issue ratings."

Anyway, page 8 of the Veles Report shows the yield curve for Russian company debt issues in the oil & gas sector. The S&P report mentions that the offered Ruspetro notes would be due 2018. Ruspetro currently pays interest of 10.9% on the Sberbank facility according to the last annual report (reduced from 14% as of October 2010). The DeGolyer and MacNaughton reserves appraisal report put a cost of capital in the base case of 10%.

If the company is successful with the loan note offering and reduces its cost of capital below 10% then that presumably will have a favourable impact on the valuation of its reserves and would explain perhaps why DeGolyer and MacNaughton used the 10% cost of capital base case assumption when they prepared their report in June 2012. DeGolyer and MacNaughton's upside case was a cost of capital of 8% so it will be interesting if the company is able to achieve that in the currently bullish market for high-yielding bonds.

[sat69] 30/1/2013 16:55

Darcon - To put SOL chart in the header: -

1. Copy the entire text at the bottom of these instructions (the text ends in a "), and paste it in the header (but do not hit the 'update' key.
2. Add the left bracket < before the text and right bracket > at the end of the text
3. Now hit the 'Update' key
4. If it does not work you have not follwed my instructions precisely! Please try again!
5. Good luck!

img src="http://www.efinancialnews.com/get-data-explorers?Source=SF&Version=1.0&Days=365&Field=Quantity&IdType=ANY&IdValue=RPO&ChartType=Line&ChartStyle=Default&ChartTemplate=TwilightTemp2&Width=950&Height=250&Url=https://api.dxopen.com/DxlApi/Chart.aspx"

[darcon] 30/1/2013 16:44

ranj79, there are always two sides to every trade.