Sibir Energy Share Discussion Threads

[len16] 03/10/2008 14:19

unless the ruskies decide not to play anymore.

[davron8] 03/10/2008 14:11

davidwilkin, I've been following SBE for 6 years and it is more than just oil reserves that make this an exciting share to hold. I suggest you do further research into the Moscow Refinery asset, the chain of retail outlets and the other licenses that have still to be developed. One thing I mention is that all the time I have followed the shares the management have always kept their word and achieved the targets they set. The share price is very undervalued at todays price and could see very high increases in coming months IMHO.

[blue85] 01/10/2008 16:13

put them on your watch list. i don't think there is another junior that produces so much, so cheap with huge reserves, imo. good write up in today's ft about the political issues too.

[davidwilkin] 01/10/2008 14:48

From my research,(going back a couple of weeks) Sibir did not seem to have the reserves that IEC has given the current offer on the table for IEC, but had a market cap quite a bit higher, Sibir is further on down the development programme route and i wasnt allowing for the refining business either, but i didnt think these were particularly cheap when you value the reserves figures i took from the website........... any argument here to support putting these on my watch list ??

Cheers in Anticipation

[orvis] 01/10/2008 11:21

What I would like to see is some regulations concerning those who lend the shares to the shorters. I understand that these are primarily the institutions i.e. our pension funds, unit trusts etc.
These companies receive a fee from the shorters and this fee is basically added to the institutions' profits and not to the benefit of the pension fund and unit trust holders.
Imagine what might happen to those institutions who are the largest of the institutional players in lending out shares, if they had to declare in some way the degree to which they do this. Many private investors would have the opportunity to move their investments away and into other institutions. Plus there would I imagine be considerable negative publicity for the shorters 'friends'

[steveofsw19] 01/10/2008 08:53

Nice one Orvis.

Sibir is set to be a big player.


I can't believe how undervalued this is.


S.

[orvis] 01/10/2008 08:39

Just spotted this piece in the FT.COM dated today:

Royal Dutch Shell is poised to take a large stake in Sibir Energy, the Russia-focused oil group, by the end of the year.

A deal would probably involve Sibir taking full control of the two companies' Salym oilfield 50-50 joint venture, according to a person close to the negotiations. Production at the field has reached 133,000 barrels a day.

[blue85] 30/9/2008 20:49

Davron - thanks. SBE is best E&P on aim by miles - the assets are amazing given the MCap. i know this company quite well - the potential deal with shell could be fantastic. think it will now be hitting the main board in 2009 which will definitely put it on peoples radars. absolute steal at 4 quid

[davron8] 30/9/2008 14:27

blue85, any RNS always takes a day or two for news to spread. Only holders ever know about the progress and background but I'm back in because I beleive that SBE will soon break through and become better known with a good increase in the share price

[blue85] 30/9/2008 13:21

can anyone explain how increasing EBITDA by 190% to $421m, the share price is down 4%??? WTF is going on

[leeson31] 29/9/2008 19:34

u too mate..

:p

[banj] 29/9/2008 19:33

Yes Davron - could be some bargains soon. Including here! Never seen a close below 392p for since our Russian investor stepped up to the plate two or three years ago. Good luck all. :-)

[davron8] 29/9/2008 18:28

yf23-1 I came back in yesterday at 402p hoping we might see a good result tomorrow. I did not allow for the Yanks rejecting the bail out plan today. Good luck for tomorrow to everyone.

[yf23_1] 26/9/2008 19:31

Well, I'm back in at 397p today.
If you remember I got locked out because I had to sell at 530p just before end of tax year.
They might drop lower but I'm happy to buy another lot lower down.

[fengpiwang] 26/9/2008 15:50

Russia 's Minister for Energy, Sergei Shmatko, stated yesterday that the state-approved measures to support oil companies, particularly the reduction of export duties during the forthcoming two months, are supposed to make oil companies refuse from possible changes in their oil mining plans.

Vice Prime Minister of the Russian government, Igor Sechin, offered to raise the tax-free mining operation minimum from the current $9 per barrel to $25 per barrel. Nevertheless, experts believe that oil companies will be cutting their capital spending anyway.

[napoleon 14th] 26/9/2008 13:27

2 yr header chart shows a sept 08 double bot @ 400p
With previous relevance H107 & Q406.

Prod'n on a long term up, up & down stream income,
probable FTSE??? listing B4 Y/E.

It's a hard life anyway, M8!

[dan10] 25/9/2008 17:01

Oops, and tick down again. Still, oil price resurging, wall st continuing up. If can hold for a while, then results early next week, share price could do v well

[dan10] 25/9/2008 16:21

Seems to have been a spike at end of session. Reckon it will open strongly tommorow

[steveofsw19] 25/9/2008 07:41

david,

All the information is on www.sibirenergy.com


The chart looks dreadful because if you didn't know, oil has dropped from 147 to 92 over the last few weeks. Oil has recovered back up 20% to 110, but oilies SPs have hardly recoverd.

Sibir is valued the same now as when oil was $60

This disparity represents are clear, screaming buy signal.

If you don't buy now you will buy much higher as money floods back into comodities over the coming weeks.


S.

[davidwilkin] 24/9/2008 19:28

Thanks Dan10, chart looks dreadful, i shall wait a little longer.....sub £4

[dan10] 24/9/2008 15:58

davidwilkin- They also have joint venture with Shell in MOGC- petrol stations & distribution dominance around Moscow + extensive oil refining facilities (they refine oil for other parties). So they have interests upstream through to downstream.

80% of the oil is sold at relative discount within Russia, 20% at full market value outside.

What makes Sibir a safer bet than others is level of Russian shareholders- a large chunk is owned by the city of Moscow itself. Results should be big!

[its the oxman] 22/9/2008 07:54

nice recovery from c.400p - and what do people reckon this is worth based on $100 oil? ty.

[davidwilkin] 17/9/2008 19:48

Anyone know what other reserves/assets Siber has apart from the salym field and how large is the salym field. Anyone any P1 and P2 figures ?.

Cheers in anticipation