Urals Energy Share Discussion Threads

[g3a] 21/5/2009 21:39

Great,

Now I can go back to obsessing about intraday movements! lol :o)

[gooner6] 21/5/2009 21:37

G3A - I think that is a fair enough summary based on what is known and reading between the lines.

I am happy to hold pending the next update, which i antcipate will be released within 4 weeks at the latest.

[g3a] 21/5/2009 21:29

Gooner, indeed, we are in avery different position when you look at the bigeer picture, hence nearly 9p and not 3p. Still way undervalued IMHO.
Things are happening and I feel we have been fortunate that valued contacts have given hints as to what is on the agenda. Action has been forth coming from the company to that effect, BOD changes. Game on , I say.

[lift and shift] 21/5/2009 21:25

Buy signal from BB

[gooner6] 21/5/2009 21:15

I maybe in the minority but i don't really have a problem with shares14.

More important matters, it has been stated previously, but i don't think the recent BOD changes can be overstated.

In my opinion i believe the changes are inexplicably linked to any deal with Sberbank.

Another point that interests me is, were the deal to fail and D&T handed to Sberbank then would the company revert to the delist option. Again just my opinion, but i'm not convinced that UEN will go down that road.

The recent BOD changes indicate to me that whatever happens UEN will not delist.

[laserdisc] 21/5/2009 21:08

suppose you are thinking of the 2006 days independent article we can dream
Urals Energy

Our view: Hold

Share price: 447.5p (-7.5p)

The slew of bullish news from Urals Energy continues. Yesterday, investors were busy poring over the Russian oil group's plans to raise $180m by way of an equity issue to fund the acquisition of a significant oil and gas field in eastern Siberia.

Called Dulisminskoye, the project produces 1,000 barrels of oil a day. Urals expect this to rise to 30,000 barrels by 2008.

If all goes to plan, the purchase of Dulisminskoye should prove an inspired deal. However, there are risks. The commercial success of the field depends on the construction of a pipeline from the region into China. The first phase of the construction should be complete by the end of 2008 but any meaningful delay could substantially undermine the economics of Dulisminskoye. Without the pipeline, Urals Energy faces significantly higher transport as it would be forced to rely on an expensive rail route into China.

For now there is no reason to doubt the judgement of the group's management which includes Leonid Dyachenko, the former son-in-law of Boris Yeltsin, the former Russian leader. Along with the news of the fundraising came a substantial upgrade of the group's production targets. When Urals floated in August, it promised to produce 10,500 barrels of oil a day by the end of 2007. The company has already hit this target and it now expects to boast output of 19,000 barrels by the end of next year.

Analysts forecast more acquisitions from the company in the future. With a man such as Mr Dyachenko on its board, Urals should be able to secure more choice deals. He was part of the Yeltsin family's inner circle during the 1990s. This was when the Russian leader privatised large parts of the former Soviet Union's economy, presiding over one of the world's biggest transfers of wealth from public into private hands. Mr Dyachenko's connections in Russia are likely to be second to none.

Urals Energy's value has nearly doubled since its AIM float last summer, so the best gains have probably already been had. Nevertheless, the stock is worth holding on to.

[bethany3] 21/5/2009 21:00

UEN current predicament was mainly down to the old management team putting too much faith on their so called close "friendship with The Kremlin" and did not react soon enough when Sberbank were stalling, even though Sberbank had hinted everything was in order verbally but sadly not in paper to approve or renegotiate the loans even though the POO were double current and UEN had satisfied most criteria of the loans according to the RNS issued and to a much lesser extent on the credit crunch - loan negotiation were started late 2007/early 2008 well before the credit crunch that took hold in mid 2008.

Sp before all this were over 320/350p. As soon as the market sensed that Sberbank were stalling share price slid to about 200p by Jan 2008 and just fell of the cliff to 5p by late Oct 2008. The rest is history.

Who is to say UEN, if reunited with its two prized assets, would not reached its previous levels when oil is getting scarcer and scarcer with time and with the largest consumer just next door?

[johnboyo] 21/5/2009 20:32

OTU
i think, if true the last but 1 post 26200 qualifies as post of the day/week

I know you will just have to peek at it

Regards Alan :>))

[shares14] 21/5/2009 20:18

Well iam not posting any more as i know where iam going here and as i have shares here do want them to do well,goonner and navyman best of luck....

[unionhall] 21/5/2009 20:15

All very interesting for the outsider....

shares14 has of course been much more accurate in his predictions for the recent history of UEN and seemingly based on reasonable logic.

This could be very useful to the board but he (and the board) ruin it by his insistance on being an egotist whose posts contain an inordinate number of "I, me, my, mine" which act as a red rag to some overly defensive UEN stalwarts.

By return he is unable to refrain from reacting to the taunts of said stalwarts and so we return to the schoolyard where logic dies and mantra rides.

On balance though I would fault the UEN herd mentality 60:40 for the seemingly irretrievable breakdown in diplomatic relations.



The full dissertation will be available in print following the completion of my doctoral thesis......


(It is interesting, and may be the subject of a post-doctoral work, that egotists who support, or indeed lead, the herd in its desired direction are raised to the level of messiah.)





Just a bit of light evening fun - please do not be offended.

[shares14] 21/5/2009 20:10

no 2.5p and it touched 17p

[jedad] 21/5/2009 20:08

the recent rise was not 500% (3p to 15p =400%)

[bethany3] 21/5/2009 20:02

G3A.........precisely. Landscape is completely differently (pending official clarification) and infantile still spouting same old garbage. Now you know why I use the filter facility.

[shares14] 21/5/2009 19:47

Mlightfoot kinda understand your comments but if you look at uen it has in the last 6months twice had 500% rises and i just feel the greed on here takes over with some,but not me,there are a few on here that will only listen to nothing but positive comments which is not always the best way to trade,uen is high risk but high reward and lets not forget that,also i have shares here and have a right to my views positive and negative,short term or long term,thats the whole point of a bb iam not like some!saying my views are correct they are just that views,i on the other hand welcome all comments as you get a much better feel for what peeps actually think about situations and not just brain washed into saying everything is great all the time which it clearly isnt,any way my long term view on here is bullish but a few bumps on the way,cheers...

[g3a] 21/5/2009 19:27

So shares, a retest of previous lows? even though the landscape is completely different (pending official confirmation)? What say you?

[hairymcclary] 21/5/2009 19:11

A little tip shares14, if someone filters you they cannot see your posts, so its no use replying to them over and over again!

[pakomacha] 21/5/2009 18:46

G3A - Please stop using that word! It really messing up my head. Capuccino and cake spoiled this morning. Homely supper with the family about to be impaired this evening.

A most informative thread - in more ways than one!

[g3a] 21/5/2009 18:46

but that was before the recent downturn?
depends on how long we have to wait for news.

[shares14] 21/5/2009 18:45

G3a but i know nothing remember its called the fork and i saw it a long time ago,i dont realy care what a few here have to say about me as i know what iam doing and have said where i think this will end up, no one will side track me..

[g3a] 21/5/2009 18:40

NEWS TRUMPS ANY CHART!

(t'was actually shares I think who mentioned pitchforks some time back).

All I can confirm today is that people were behaving psychologically as I would hope they would at the end of a down trend. Tentatively buying again, and thankfully we were not spaffed upon by a seller. Perhaps they are done? The volume certainly wasn't that high.

Depends what happens overnight on the world markets.

It's going to be a sunny bank holiday weekend, so wonders never cease. (and forecasts are only that, and liable to change).

These micro movements are all very fascinating and can give the indication of a change about to happen, but the bigger picture is that we are no longer talking delist! How we get to the next base is in the lap of Sberbank and the newly forming/embryonic BOD, but I cannot se a retest of old lows. There are no gaps to fill either.

Holding is the new selling! Let yourself form the trend, whichever way that might be.

Good luck to all.