Urals Energy Share Discussion Threads

[martyn9] 26/2/2017 09:57

Maybe both tone!!!

[tone the bone1] 24/2/2017 20:32

Are we clever or mad ?

[calmtrader] 24/2/2017 16:21

None @ 5p left?

[paul the octopus] 24/2/2017 14:04

sportbilly1976, what makes you so sure, it only takes a couple of hits on the ask to get it going...

[sportbilly1976] 24/2/2017 14:00

Canny,Looking at the lack of interest at 5p I think you'll be okay....

[canny lass] 24/2/2017 13:06

It's frustrating as I am awaiting transfer and clearance of funds before I can invest further. See what next week brings.

[calmtrader] 24/2/2017 12:41

take advantage

[sportbilly1976] 24/2/2017 11:51

Now there....anyone for 5p? :)

[martyn9] 24/2/2017 11:28

MM's so bloody quick to drop this it's unreal,70k sells and down 7%.

[sportbilly1976] 24/2/2017 11:20

One potential - currently sat on the support line formed from the rise and tested a week or so back around 4-4.5pA rise/bounce from here would help reaffirm that and offer some comfort to holders

[martyn9] 24/2/2017 11:17

We need some good news PDQ or i agree sport i can see this being eroded down to 2p again!!!

[sportbilly1976] 24/2/2017 11:07

Anyone waiting now for 5p to top up, or is it a drip-drip back down to 3p as buying volume disappeared

[gregpeck7] 24/2/2017 10:59

Could see 4 p again imo.. still in accumulate mode so not overly worried though :) if it does go sub 4 I'm having another 100k

[wanna brew] 24/2/2017 09:08

Reference to 'see no reason'

There was unfounded rumour back in Apr 2015, and they were very quick to put that in check.

For AIM purposes the Co is guided by their Nomad, to ensure an orderly market is maintained. No more, no less.


Urals Energy PCL



(''Urals Energy'' or the ''Company'')



Statement regarding share price movement



The Board of Urals Energy PCL (AIM:UEN), the independent exploration and production company with operations in Russia, notes the rise this morning in the Company's share price and the speculation online regarding a possible offer for Urals Energy.



The Company confirms that it has not received an approach with regards to a possible takeover of Urals Energy.



Aside from the unfounded speculation, the Board is not aware of any reason for today's share price movement.

[topicel] 24/2/2017 08:52

I know that djm. But the main earnings historically were the annual shipment.

The local sales were turnover expenses mainly, not profit driving or business enhancing in any shape or form. The big headline 'hit' is still going to be the shipment(s) and what we get for them.

So the price around June and October is key, not now. Although, as I've suggested, all ships rise with a good tide and the hope is oil can continue to go up in 2017 and improve our bottom line along with all the other BoD activities programmed.

Did you agree that we should allow them until the end of this quarter to deliver some fresh SP-enhancing news?

Topicel

[topicel] 24/2/2017 08:48

I'm surprised you say that Calm as you've been through plenty of the 'aggro' here in the past and not been jumping for joy at the share price and inaction either.

My starting point is always "once bitten..." and certainly we have had enough false dawns and lack of follow through in UEN's ambitions in the past to warrant caution, especially after that "see no reason" statement.

I repeat, they did not have to issue it. They haven't in the past and don't when the price has fallen dramatically, and neither do other companies unless it suits them...

Like I say, wary but hopeful, which should be how any calm trader should be, no?!

We have had the brakes slammed on, there can be little argument about that IMHO. Why?

Topicel

[djmoggy] 24/2/2017 08:11

Topicel - UENs business model has been local domestic sales via Petrosakh bringing in steady cashflow and once a year exports via Arcticneft since relinquishing the Taas/Dulisma/Komi and other legacy assets in 2008/2009 for forgiveness of Sberbank debt. You can see all the detail in each HY/FY set of accounts available on the UralsEnergy.com website.

[calmtrader] 24/2/2017 08:07

Topicel if im honest if I felt the way you do about UEN I would sell and move on...why put yourself through the aggro

[topicel] 23/2/2017 17:46

Thanks djm. I must admit I've taken my eye off the ball here as regards the details having been routinely disappointed by UEN's performance and legacy issues so good to know that we have more local sales.

So we aren't just getting the tanker money every year (or twice yearly as now planned)? We have an ongoing income stream based on local sales? I didn't recall that to be the case in the past.

Ok Calm, Komi region connection from 2007. A different time and place for UEN though surely? But hope nonetheless I suppose that they can make a go of it this time.

Only one thing will prove it to me and that is action, regular action, so let's give them March to produce some as 1Q news seems to be promised...

Topicel

[djmoggy] 23/2/2017 16:47

Topicel - close to 60% of UEN Oil sales are domestic (currently 100% of Petrosakh sales are domestic whilst Arcticneft sales are largely near 100% export). So ongoing oil prices are very relevant :)

[calmtrader] 23/2/2017 16:41

Topicel i 'm highlighting what happened the last time UEN were in the Komi region...this s/be the next news we get..

[topicel] 23/2/2017 16:33

Sportbilly, whilst a rising oil price is good generally speaking we are more dependent on what it will be when we ship,more tanker arrives to be precise I think.

So largely incidental if, for instance, we shoot up to $70 a barrel and then back to $50 in June is no good to UEN. Except, some local sales perhaps?

But the idea all ships rise with a rising tide might work in our favour.

Calm, please explain why a 2007 release is interesting to us in 2017 mate? I've missed the logic!

Topicel

[martyn9] 23/2/2017 14:52

Same situation as yesterday,bloody merry go round this atm.