Urals Energy Share Discussion Threads

[darren81] 14/11/2018 15:46

I agree on that hence my comment "they never decrease the price as fast as they increase it tho!"

pity OPEC didn't suggest the production cuts a few days ago - would've saved us from the collapse in POO just as the 5 day average was being taken for us

....perhaps they aren't overly worried about Urals shipments :-)

[chavitravi2] 14/11/2018 15:18

Yes I know Darren but they are not far off on the spot when oil price goes up. Quick up very slow down. Wholesale prices dropped many weeks ago and price watch and AA said it should have come down in line with wholesale at least 4p.

[darren81] 14/11/2018 13:53

the price quoted isn't spot - and the oil at pump was probably bought months ago, given it has to be shipped / refined / then travel to forecourt. There is never an immediate reflection of change in price per barrel / price per gallon at the pump - they never decrease the price as fast as they increase it tho!


Higher POO will have a much bigger impact on my financial wellbeing, given my investment in oil stocks, than saving a few quid a week on petrol - the higher the better in my view!

[chavitravi2] 14/11/2018 10:16

AA said it should have dropped 4p ltr weeks ago. 10p now at least.

[chavitravi2] 14/11/2018 09:40

$65.75 at the moment. But pump prices remain the same the crooks.

[martyn9] 14/11/2018 08:59

Correct greg,if it wasn't for bad luck this company would have none at all.

[gregpeck7] 14/11/2018 08:32

Yep could not have come at a worse time

[amargosa] 13/11/2018 20:21

Turns out Kononov's antics are a side show compared to the 5-day-oil-price-gamble coinciding with the biggest oil price collapse in 10 years. At some point we're going to have to pay to have the shipment taken away.

[martyn9] 13/11/2018 08:31

The oil price is hardly going to help our cause, let's trust we rake in the stollen money from koninov or a secure a long term loan.

[chavitravi2] 12/11/2018 08:37

I can't see oil going up $10 a barrel in the next few days to give us 1.5m.
Besides I get my new car this morning and it's petrol not diesel so I was looking to petrol price going down not up now I want be getting the mpg I was.

[defender3] 12/11/2018 07:48

as someone pointed out recently for every $1 rise in the price of oil our shipment of oil goes up $157000 we may see any thing up to another $1m - $1.5m for the shipment . oil market set to be bullish this week

[amargosa] 11/11/2018 10:38

Steve, it is, of course, all about profitability, not necessarily about the price (although it is easier to make a profit when the price is high). It's amazing that a company that has such a tight financial position would not manage the sale mechanism of half its entire production. It's been discussed before but given the last 2 shipments have coincided with a collapse in the oil price (meaning that the tax on the shipped production has been paid at a higher price than the sale price), some effort has to be made to manage the risk. It would not matter so much if the company was super profitable, in which case it could afford to assume that the situation would be roughly neutral over time (assuming there were no seasonal factors at play).

[gaffer73] 11/11/2018 09:30

Just kept it ticking along, no acquisitions, no drilling and of course less tax to pay. I'm hoping (there's that word again) they can strike a loan deal with someone while they persue the money from Kononov. That will give them some funds to get the new well sorted, then it's happy days.

[steve73] 11/11/2018 06:51

So 157kb at (say) $70/bbl gives us $11MM... or just 2MM after we've repaid the loan.

Makes you wonder how we survived when oil was just $30-40/bbl...

[amargosa] 10/11/2018 20:22

The 5-day gamble starts Monday (I think); cue the Great Oil-Price Comeback? Please!

Get rid of the Russian-roulette oil gamble Mr Kononov. Please!

The Board's position is starting to look more and more untenable. Firing blanks?

[neftanik] 09/11/2018 23:44

The Petraco loan is only associated with Arcticneft and not Petrosakh

[defender3] 09/11/2018 19:39

Accountants' review

As indicated in the Company's announcement of 23 October 2018, the Board is appointing an independent firm of accountants to perform: (i) a review of any transactions by its 98.56% owned subsidiary, JSC Petrosakh, since 30 June 2018 that are outside of the ordinary course of business; and (ii) a short term working capital review.

[chavitravi2] 09/11/2018 17:03

I must say I feel a lot more settled in the fact I don't think we are going down the plug hole. This is one time I wished they had settled this behind closed doors and made us a bit wiser after the event to save the share price crashing like it has.
But I suppose they had the obligation to rns.
Let's hope for a steady rise now as folk gain a bit more confidence.

[gaffer73] 09/11/2018 16:34

It would appear so. Anyone brave enough to average down?

[pwilk47490] 09/11/2018 16:24

I take the latest RNS as a little more positive. They say 'coming months' and don't say the word administration or similar!

Maybe they have agreed something in principal with Kononov, but just needs the audit to be completed?

Everything remains crossed!!

[martyn9] 09/11/2018 16:18

The pratt has spent my dividend this year,at least he has shot himself in the foot with that one, if any consolation.