Urals Energy Share Discussion Threads

[martyn9] 16/7/2018 14:36

It certainly needs it to stop the rot.

[gregpeck7] 16/7/2018 14:29

RPT is finally re rating.. Maybe UEN next?

[theclangers] 16/7/2018 12:25

Has to re-rate sooner or later, pressure (from profits) building up. I would love to take advantage of this anomaly, but have no funds available at this time.

[geoffmanana] 16/7/2018 12:14

I think it might be nearer £7.5m after tax, but not too sure on that.
With another shipment to come as you say....plus a nice dividend.

[spandy83] 16/7/2018 12:07

£9m revenue thanks very much. Another £9m to come in October. Yet a market cap of £12m... beggars belief!

[geoffmanana] 16/7/2018 12:06

....and me

[martyn9] 16/7/2018 11:57

Agreed, but having said all that, why we are stuck at this level is beyond me.

[djmoggy] 16/7/2018 11:50

Darren - just for clarity I wasn't knocking the BOD.
It just unfortunate that the tug issue (or whatever the problem was that caused the delay) meant we have missed out on around $0.5m revenue and resultant reduced gross profit due to the tax...but heyho it could be worse!

[darren81] 16/7/2018 11:34

The shipment has gone as expected which is good news.

We have to remember that the price could've increased rather than decreased - then everyone would've been praising the BODs!!

There is not a lot they can do about temporary dips in POO - they cant possibly know when tweets will be sent out :-)

They have improved things at Art from previous years when everything was shipped at once, at least now we have the average from two times of year. If they increase production at Art then we could have additional shipments and they could further reduce the risk of massive price swings when ship sails.

I added some more last week and will again on Friday if it stays in same range.

[tone the bone1] 16/7/2018 11:25

All as promised and clarity on payment terms
A good informative RNS

Keep 'em coming

[djmoggy] 16/7/2018 11:19

My bad takeachange - you are right. Average should still be around $74.5 or above (with hopefully a reversal of the latest drop in the last half hour!)

[takeachance1] 16/7/2018 11:13

for the five trading days AFTER the date of the bill of lading. The date of the bill of lading is 12 July 2018. Therefore the average should be worked on poo on the 13th, 16th, 17th, 18th & 19th. The poo recovered ftom the huge drop so still not too bad.

[djmoggy] 16/7/2018 11:05

So bill of lading = 12th July.

Price of crude will be arithmetic average for 5 days following(12th,13th,16th,17th, 18th) which is the worst timing given the Oil Price drop on the 12th.

So assuming Oil price is stable we will receive around $74.5 per barrel.
MET tax will be calculated at just under $71 per barrel (price 90 days previous).

If shipping had been carried out a week prior the figures would have been receive $78 per barrel and MET tax calc at $68.....shame!

[darren81] 13/7/2018 17:00

If the tanker arrived on 3rd July and stayed for 6 days it would still have left within the announced timeframe - first 10 days of July.

[darren81] 13/7/2018 16:53

Lalria spoke to Allenby who confirmed the shipment had left on time (i.e. in first 10 days of July)/loaded with oil.

There may have been some issues but given the info from Allenby oil was shipped

[neftanik] 13/7/2018 16:42

Chav you only see what you want to see. The tanker was at Kolguev at least 6 days. The Russian article says the tug was unable to secure a line and it had fouled its propeller. It also says there were no injuries or spillages. There is no confirmation the tanker had loaded before this incident. Judging by the long time inshore, my guess is that it wasn't loaded. Not making mischief simply reading the same reports as you are but without your deluded optimism

[darren81] 13/7/2018 16:02

thanks for the update Lalria - nice to hear some good/accurate news on here for a change!

[steve73] 13/7/2018 04:01

So was it going to be 150,000 bbls offloaded... and if we get say $3/bbls less that we would have had the tug not had a problem.
That's around $1/2MM "loss" - ouch! And even worse if we've had to pay tax based on a higher OP.

[theclangers] 12/7/2018 20:33

Quite right Lalria.

In the short time I've been a shareholder here, It has become apparent, UEN dont give a stuff about PR, Maybe It's why we are on a PE of 1.1 and paying 5% divi.

[lalria] 12/7/2018 19:14

No serious concerns with the tanker no spills or issues. It was filled as scheduled and left. Alls good just wait for the news now. Patience guys and trust in the company. The company are well aware of what they are obligated and regulated to do so have a little faith and give them a little more time. If anyone wants to call Allenby for reassurance they are very helpful. Obviously they cannot give out any information that isn't in the public domain before someone says they have breached summit. Enjoy the sun and watch the upcoming rise

[neftanik] 12/7/2018 16:59

What do you know chav? Do you know that the tug was unable to put a tow line aboard and couldn't get the tanker on station at the loading hose? Do you know the tanker had to sail empty?

[lalria] 12/7/2018 16:29

Last few days to try and drag shares out of the weak