San Leon Energy Share Discussion Threads

[pastyman3851] 12/7/2022 14:25

I've added, with this drop seems a good punt

[pastyman3851] 12/7/2022 10:04

https://guardian.ng/business-services/vandals-hit-second-wellhead-at-oml-18-compound-oil-spill/

[pastyman3851] 11/7/2022 18:51

But latest results show 4400 barrels a day, so 8p? Should be better once we use our own pipeline and less downtime/pipeline losses

[porsche888] 11/7/2022 16:06

Very simple calculationOML 1844.1% direct and indirect interest to SLE40,000 bopd productionCirca 17,000 bopd to San LeonOil price $100 barrelAfter extraction costs at say $40That's a direct an indirect economic interest to San Leon of about $1 million per day or $365 million per annumMarket cap is currently $225 millionSan Leon is trading at 60% of its net asset value not including revenues from ACOES or its Stake in Decklar OML11 Oza Field Target price should be 65pSimple as that

[74tom] 11/7/2022 15:42

From the Hannam&Parnters broker note released today;

"Prior to suspension, San Leon had been the clear best performer amongst its peers over most time periods in the previous 2 years. Since suspension the peers have risen by ~40% on average. San Leon at US$0.9/boe is trading on large discount to the peer group which is on an average EV/2P multiple of US$7.3/boe and it is trading at 20% discount to the peer average EV to 2023E production of US$21 per boe/d."

Makes sense that the share price hit 56p in early trading as that's 40% above the pre suspension price... great trading opportunity / long term entry price here IMO.

[outsizeclothes.com] 11/7/2022 15:05

After a year out there are bound to be forced sellers.
I'm in for 60k @ 36.15 (best I could get for 60k)
After the forced sellers clear in a few days we'll be well north of 50p imho.

[philby1] 11/7/2022 13:05

Malcy's comments today:

RESTORATION OF TRADING ON AIM – SAN LEON ENERGY PLC

Trading on AIM for the under mentioned securities was temporarily suspended. The suspension is lifted from 11/07/2022 7:30am, an admission document having been published.

I commented on San Leon on Friday after a long chat with CEO Oisin Fanning and there is nothing more to add to today’s news that the shares have returned to trading on Aim.

The company returns with a stake in the world class OML 18 which should provide solid cash flow, later in the year the completion of the pipeline will make all the difference eradicating wastage, indeed the barging that they are already doing should already be increasing efficiency.

Record prices will make the economics excellent and returns to shareholders have been committed to by the company. ‘San Leon is proposing a capital restructuring and issue of preference shares to San Leon Shareholders immediately prior to completion with the preference shareholders having a preferential right to the first US$40m of future dividends paid by San Leon’.

I have been a strong supporter of San Leon in recent years as I believe that when they stated that they would return 50% of free cash to shareholders that amount of money could mean that the company will yield over 20% on an ongoing basis. There are still things to clear up such as free float and timings of some parts of the deal but as the shares return and the markets gets it the share price should rise significantly.

The shares on return have come off around 4% which is understandable in the short term as some holders locked in for a year needed to sell for various reasons. However at these levels when the market gets to understand the potential of the operational and then yield paybacks the shares should be a great deal higher than here.

[alaric7] 11/7/2022 12:52

right decision philby1!

[gary hindsight] 11/7/2022 12:31

There are some risks the deal doesn't go through as there are agreements outside sle's control still to happen. I suspect that may be keeping a lid on the price on top of the profit taking earlier

[ska_man] 11/7/2022 12:15

I'd like to grab a few more but SLE restricted from dealing on AJ Bell.

[leopoldalcox] 11/7/2022 12:08

I'm very surprised that this has settled at such a low price. Unless there are some nasties in the deal that I haven't spotted

[red5] 11/7/2022 12:05

Not after this length of time will have to learn to be patient now they are back on.

[glavey] 11/7/2022 11:37

Why not just sell what you've got.

[philby1] 11/7/2022 11:36

Too many pointless posts red5. Filtered.

[red5] 11/7/2022 11:24

I am going to wait a little longer before I strike again

[red5] 11/7/2022 11:24

How much did you buy

[red5] 11/7/2022 11:24

How much did you buy

[bernieboy] 11/7/2022 11:21

Why? Get more. I just picked a few more up.....

[red5] 11/7/2022 11:12

ok hold off for now not good at all.

[bernieboy] 11/7/2022 11:07

Red you need to chill. You have waited this long why does it have to go up this afternoon? (I think it will by the way but it doesn't matter in the long run). Those in the know are hoovering up right now....

[red5] 11/7/2022 10:59

and pray it makes some gains this afternoon.

[red5] 11/7/2022 10:51

seriously this after year on and not even holding the gains so far this morning looks likely i will have to get some more in to take advantage of the low price.

[porsche888] 11/7/2022 10:28

I absolutely agree. This is the most undervalued dividend stock on AIM. Price of oil has gone up by over $80 a barrel since the stock was suspended. Those that know what they are doing will be buying in right now

[alaric7] 11/7/2022 10:04

indeed BernieBoy and 1jbisky couldn't agree more on both counts - here for the long run and our fellow poster's naivety. when i've observed on this to him previously, he tells us that he's a highly successful investor over many decades and now manages a £2m fund