Urals Energy Share Discussion Threads

[shares14] 18/5/2009 22:53

Ok stats how many companys that get suspended return???

[wally27] 18/5/2009 22:50

I love it when you post like that... nothing would make me more happy than to see EEL bounce back.

[navyan] 18/5/2009 22:48

my only worry is as the sberbank has already put the two new guys in charge(who they trust obviously) and run company and take a stake in UEN, instead of doing that, would sberbank agree to extend our 630M debt, and we end up with the old big debt on our shoulder again? I hope not anyway.

[shares14] 18/5/2009 22:48

Bluepill,let me leave you with this its has been up to 17p and down to 3p many times,ive always said if its done it once it can do it again,BOTH that is..

[spp119] 18/5/2009 22:46

Wally,#25060 et al, Gibso #25041 and carlit0 #25053,

Hi you all.

I have posted on the UEN news today, offering a generally positive assessment of the RNS in post #24739. so I certainly am not absent from here when it counts

With respect to FRR, I have been increasingly bearish on that company's prospects since last August and have posted the incrementally more reasons why with the passing of time. Today I was proved prescient with no egg on my face.

I have sustained a heavy (US dollar)paper loss, but it is not something which will immediately affect my investment strategy, for I was planning to be there for some time. I will reassess that strategy when I see what evolves (especially from large institut holders) from today's announcements.

With respect to EEL, I remain completely confident that I will suffer no loss, but possibly a gain. How large a gain I do not know.....that depends on a number of factors and externalities. However there is nothing intrinsically wrong in either how the company is managed, or in the known quality of the assets.....a completely apposite case to that of FRR.

EEL has been hit savagely by these externalities.....technical breakdowns during drillings, repeated kidnapping and vessel boarding incidents, major investor funds collapse, near-criminal behaviour of one partner(Peak) and last but not least, the surrealistic antics of the Nigerian government towards its big time NOC partner on its two most treasured blocks (which hold almost three times what D&T hold together).

It has withstood all these assault waves, albeit at a cost to its sp, the humiliation of a delist and increasing financial constraints. Yet it has lost nothing in terms of material assets, nor the immense prospectivity potential they contain. Above all, the company has seen in practice the fortitude, responsiveness to concerns and level-headed -and abiding - commitment of its management and its main financial backers/investors.

Very few companies have managed to survive even less daunting circumstances. EEL has.....and contrary to what some people think, it is facing a much less bleaker future.

Life machine analogies are thus not only irrelevant, but downright misleading. More on the EEL thread after May 25.

spp119

[bluepill] 18/5/2009 22:44

no doubt you will advise to add but that's not an option here for me.

[bluepill] 18/5/2009 22:43

not emotionally attached to this. pondering options. hold, halve or bin

[shares14] 18/5/2009 22:41

navyan,spot on daily screen watching isnt always a good thing to do as the small movements distort your long term goals,if i make a profit i always leave some shares for at least a year...

[shares14] 18/5/2009 22:38

Bluepill if you act now it will be a delayed reaction and one you may regret and may of feel forced to do, if iam ever unsure my view if iam in a profit is to sell half and walk away,UEN is at that mid way point of further falls or news that will take ut back to 17p,if you have hung on this long and not made a move it would mean you have fallen or got emotionally attached to this stock,which can be dangerous as it has now has twice in six months had massive gains which you may look back and regret not taking profit...

[gooner6] 18/5/2009 22:36

scoraig - Yes quite possibly.

[navyan] 18/5/2009 22:36

yeah, after couple of valuable lessons I have learned if you happen to pick some good stocks, just let them sleep and not to check on it everyday, couple of months later, you probably very likely end in more profit than if you were jumping between different stocks instead. thats my experience anyway.

[scoraig] 18/5/2009 22:30

gooner, could it be something as simple as sberbank now have money in their system? and therefore uen finance a potential goer again? The chinese have provided large scale financing for russia, Im sure a pre-requisite of this is that east siberian oil production ramps up. I wonder if we are over complicating things?! :-)

[shares14] 18/5/2009 22:29

Cheers navyan,interesting times,longer term view! always settles my take on things...

[bluepill] 18/5/2009 22:27

cheers guys for sensible responses.
these recent rns don't seem to be indicative of anything really. they are very diplomatic and cover all bases really. which worries me. once we get some positive direction the share price will rocket i feel which is why i hold, but been tantalised twice now with prospects of bigger and better things only to see it fade. third time lucky?
willing to continue to hold for now, but only because i can afford to gamble these since my other investments have done so well. a feww months ago i would have gladly sold at this price, but the picture is very different now and i am a richer man thank god.

[scoraig] 18/5/2009 22:27

jcg, nice post, problem is I know exactly how bluepill feels about this share. My instinct says get out, but my instinct didnt predict the sharp rise then positive RNS's to come out this month. Nor did my instincts predict the 6th january RNS. So I think instincts are an overated tool for sussing out company behaviour :-)

[gooner6] 18/5/2009 22:25

MrK - Alright mate, yes the new tax situation is obviously important, but there must be something else being discussed here.

Sberbank were going to take D&T back, now it appears up for discussion, so an alternative exists, which must be attractive to the bank.

The tax situation is very attractive for UEN, but it must be more than just that.

[jcgswims] 18/5/2009 22:22

bluepill - you have to follow your instincts of course and what allows you to sleep soundly at night - no-one is going to berate you about that - i for one feel comfortable with my holding and looking forward to the outcome whatever it may be - good luck with whatever you decide to do :)

[scoraig] 18/5/2009 22:19

bluepill, I understand your paranoia with this share, however as investors we either believe RNS's or we dont have anything else to go by.

[bethany3] 18/5/2009 22:18

Just been analysing events since the RNS on 29/04 and this is just my take.

Either the old guards chose to de-list because they initially lost the will to run a much smaller ship as this would be deemed as a lost of "face" in the business fraternity or lost the trusts and confidence of Sberbank (ie failed loan renegotiation).

Later when Sberbank experienced difficulty in disposing off these two assets these old guards sniffed an opportunity but were under no illusion from Sberbank that with them still at the helm Sberbank would, under no circumstance, contemplate the notion of UEN being associated with 'D and T' ever again and hence this scenario - a clear out of the old senior management. Otherwise, it would be fair and reasonable to assume Sberbank would have taken ownership of 'D and T' by now and UEN would have issued a RNS to confirm. Without one stating otherwise not unreasonable to assume UEN are still the owner of 'D and T'.

Almost two months had past the CEO and CFO had been replaced and negotiation with Sberbank about 'D and T'(if true), restructuring and recapitalising still ongoing. Some might think the time taken so far was unreasonably long but considering the amount involved - $650/800m (no chicken feed) - was not at all. Possibly negotiations had not been going as straight forward as some of us here had been expecting - a late gate crasher perhaps - BUT the crucial thing is they are still on-going as stated by today's RNS. Unless a RNS stating otherwise I shall take comfort in the contents of the RNS issued on 29/04. With or without 'D and T' NAV is still multiple of current.

[navyan] 18/5/2009 22:18

Hi Share, being reading your posts actually, I had RXP since 3.25P level since the second spike after they sorted their short term funding, and been in and out of RXP and sold the lot when it at 7.4p to buy into SKR, well both are very good stocks but thought RXP would retrace which I was wrong, but since then SKR has gone up as well, my guess is RXP could retrace back to 8-9P, before the next leg up to 12-14p, high wave candlestick on RXP today, similiar to what happened recently to MXP, I will probably buy back some RXP at 8-9P level, if we get our RNS here first:)

[bluepill] 18/5/2009 22:17

On another note my other main holding is with fto, which to me is a good little company with potential and actual growth. big future in cbm and lng.

Don't know if any of you have looked into it, you seem to follow other oil/gas companies in the sector but fto always seems overlooked. many of you are into other companies but i don't see any of you on the fto thread. is there a reason? if so i'd be interested.

[bluepill] 18/5/2009 22:15

In light of today's news we need to reconsider discussions/information passed onto us via VS in recent times. He obviously would have been out of the loop on important matters.
I still don't trust these Russian companies and wonder if this repositioning is just a way to engineer more money from investors befor flying the coop.
A few weeks ago I had written off my investment as a big loss but now I am actually up and this makes me reconsider my investment here.
A lot of risk here, is there the potential reward. Only time will tell.
A big seller hanging around. Is it VS? Having got us all and the share price excited.
Certainly considering selling off some or all of my shares and wish I had taken the opportunity when it was 15p and not been so greedy.
You might berate this post but you know my holdings here, take it how you want. i do still hold 105k.
watching closely here, or rather smelling closely here for sniff of rotten apples.

[mrkeysersoze] 18/5/2009 22:13

Kabylie,

Eel has been delisted from the AIM platform since the 16th March...

Mr K.

[wally27] 18/5/2009 22:12

Yes...all EEL'ers are aware of this.
EEL is in a very intense coma and there is a strong possibility that the life machine will be swithed off any day now.