Zenith Energy Share Discussion Threads

[lufc5] 13/1/2017 15:58

Something stirring?

[h2owater] 13/1/2017 15:45

13 January 201713 January 2017ZENITH ENERGY LTD("Zenith" or the "Company")Director DealingZenith Energy Ltd. (ZEN.LN and ZEE on TSX-V) announces that, on 11 January 2017, Andrea Cattaneo, Chief Executive Officer of the Company, purchased 100,000 common shares of no par value in the Company ("Common Shares") at a price of GBP0.08 per Common Share.Following this transaction, Mr Cattaneo now holds 1,547,485 Common Shares representing 1.57 per cent. of the Common Shares in issue.

[h2owater] 13/1/2017 15:28

cpap man

Can you put the TSX: ZEE charts on the header as well

Thanks

[cpap man] 13/1/2017 15:00

ZEN are ticking back up nicely now....

[cpap man] 13/1/2017 14:00

Zenith Energy

www.zenithenergy.ca

[cpap man] 13/1/2017 13:47

Think this is the one Andy....



ZEN are currently trading at sub 10p v target share price of 42p



Zenith Energy

Compelling investment play on Azerbaijan –
sum of the parts target of 42p per share

Zenith Energy has dual listed in London on the standard segment of the Official List in tandem with a private placing raising a net £2.016m at 7p per share.

Zenith has recently built up its existing portfolio by adding a substantial acquisition in Azerbaijan which we believe could propel the company towards a mid-cap oil valuation on a medium – long term investment timeframe.

In Azerbaijan, located in the Lower Kura Basin and around 240km inland from Baku, the Muradxanli Block is the largest onshore oil and gas concession in the country, with three under-developed oil fields offering Zenith both development and exploration upside.

In Italy Zenith owns various gas production and exploration assets. It also owns interests in two small oil fields in Argentina where production has been curtailed after a recent storage tank collapse.

Valuing the Azerbaijan assets using a DCF model based on the new CPR report and adding in the Italian assets, while wary of further capital issues, we have a sum of the parts valuation of 42 pence per share. The Italian assets alone cover in excess of 50% of the market cap, with Azerbaijan providing significant potential value.

[andy] 13/1/2017 13:46

tyranosaurus13 Jan '17 - 13:37 - 107 of 108 0 0
Some people are quoting the broker price target of 42p.

-------

Which broker has predicted 42p please?

[cpap man] 13/1/2017 13:45

Duplicate post

[cpap man] 13/1/2017 13:45

Yes tyranosaurus i agree that a large dose of salt is required with the share price target for ZEN at 42p+

It is set far too conservatively and should have been set even higher....

[barnetpeter] 13/1/2017 13:41

Look at the volume on this today. 25% of the company traded by the end of the day?

[tyranosaurus] 13/1/2017 13:37

Some people are quoting the broker price target of 42p.
This may or may not be a possible price.
Generally these targets should be taken with a large dose of salt.

Some of these targets are so over the top that the brokers are either trying to pump the stock with a silly target OR they have no idea what they are talking about.
There appears to be no regulation or comeback on these.

[pondymark] 13/1/2017 13:17

I have been following Highlands Natural Resources which is also a Standard List and has the same restrictions they have had to look at other funding routes which are numerous in the current environment.

[cpap man] 13/1/2017 12:42

Excellent post 102 pondymark and yet grannyboy still does not appear to get it!

+

as i have already stated grannyboy...."fund raisings" do NOT have to be for equity!

[grannyboy] 13/1/2017 12:39

pondymark you should watch the video, the CEO without putting in to so many words admitted that there will be a fundraising.

[pondymark] 13/1/2017 12:30

ZENITH wont be doing a fund raising in the near future. The rules of the Standard list restrict placings to 10% of market cap once a year without publishing a new prospectus which is prohibitively expensive.

[red nutter] 13/1/2017 11:35

granny boy - look at KOD they raised funds at a lower price, but still keeps rising.

If fundamentals are fine then raising funds is not always a bad thing.

[barnetpeter] 13/1/2017 11:31

Plus it's not very much to raise for a full member not aim from the institutions. I guess gun will stick in 500k and there are plenty of others too. 50k a day in oil production...there are some suggestions oil will move to 80 to 100 dollars a barrel.

[cpap man] 13/1/2017 11:30

You do what ever you want grannyboy [pity that you didn't take the time to read my recent ZEN posts properly!?!?!] but in the mean time i will continue to make money loads of it!

[grannyboy] 13/1/2017 11:28

My point is i will invest when the next fundraising is sorted, which shouldn't be to long...You can not deny that there IS going to be a fundraise..

I'm not slagging the company off because its got plenty of potential, but when they do the fundraise i don't want to be caught in at an higher s/p..

[cpap man] 13/1/2017 11:25

And you obviously have to factor in the robust cash flow....

Acquisitions funded from cash-flow in established oil and gas jurisdictions

Positive cash-flow from operations and significant Azeri production and development upside potential

Achieving the 12 month target of 1,000 BOPD at low all-in cash costs

Robust operational model in low price environment yielding free cash-flow

[cpap man] 13/1/2017 11:20

STAGE 2

 Secure reserve based loan facility and/or
development finance facility

[cpap man] 13/1/2017 11:15

Almost all natural resources companies raise funds at some point grannyboy. ZEN have just done that with the main board list in London so really not sure what your point is?

Also take a look at the presentation [might not be further equity!]

Development financed from cash-flow and traditional debt structures
Azerbaijan Investment Opportunity

[grannyboy] 13/1/2017 11:09

Just watch the video with the CEO, and at about 9.30 mins in he was asked whether there would be a need for another fundraise and he more or less admits there will be, but 'obviously' wants the share price to be higher...

So yes there WILL be a fundraise in the near future..