Zenith Energy Share Discussion Threads

[11smith] 25/4/2017 14:25

Sells showing as buys again today. Some large sells after lunch - now volume sold well above volume bought. We might get down below 9p soon.

[sea7] 25/4/2017 12:22

mm orders do not have to be large, just enough to achieve their aim.

The low volume and lower prices would indicate that we are nearer the bottom and that the stock will trade around these levels until we get news.

[ravin146] 25/4/2017 12:08

Yes but to fulfil a sell order...but we've not seen large sells recorded for weeks, meaning this recent tick down is temporary imo

[sea7] 25/4/2017 12:04

In this case the market makers would be looking for buyers, not sellers. As you know they buy at the bid and sell at the offer.

[ravin146] 25/4/2017 11:57

Well yes I understand that, however the sell volume is just not there...if mm's do need to fill orders

[sea7] 25/4/2017 11:53

zenith has:-

nomura
winterflood
ambrian
fox-davies
panmure Gordon

as its market makers.

[sea7] 25/4/2017 11:41

zenith is on the setsqx platform. (CCP - Centrally Cleared Counterparty)

It has periodic automated clearing auctions during the day, the market makers quotes appear on the book, whereas orders do not, until 10 minutes prior to the auctions, at 0800,0900,1100,1500 and 1635.

There is also the quote driven side to this platform.

The prices we see are the best bid/offer that the market makers are giving, as this market looks like a cross between SETS and SEAQ.

If a market maker has a sell order to fill or simply needs to square the book, he/she will offer stock at a price less than the current cheapest offer price, which means the offer drops despite buying pressure.

As soon as this order is complete, the MM will move off the offer and expose the next best price again. Sometimes we see, like yesterday, the offer went from 9.5p upto 9.75 and then back down again in a few moments, this is because the mm came back with more stock at 9.5p or another one did, after the rest had been cleared and the price moved up.

I do not take to much notice of it, as it is generally noise and not news driven. Although it can help to give an idea if there is still a seller around.

At least that's my understanding of the way this market platform works!!

[ravin146] 25/4/2017 10:48

Another day it's being ticked lower when it is all buys?!

[sea7] 25/4/2017 09:24

andrea's website...

[ravin146] 25/4/2017 09:22

Cpap worth putting the above in the header?

[sea7] 25/4/2017 09:12

beaufort view from last week...

Our view: It is good to see a detailed description of Zenith’s workover programme. With two teams (and two rigs) active and plenty of wells to work on, we should see an uplift in production throughout 2017. Management has an ambitious target of 1,000 bopd by the end of 1Q18 which if achieved would push Zenith in to a different category of junior and clearly demonstrate the quality of its Azerbaijani asset. Bearing in mind Zenith’s three fields in Azerbaijan have 2P reserves of 76 million barrels. We look forward to operational updates throughout the rest of 2017 and reiterate our Speculative Buy recommendation.

[grannyboy] 25/4/2017 08:12

Saudi Arabia is predicted to wish to carry on with their daily oil production cuts, which comes up for discussion with opec at the end of May i believe.

If so, it should encourage the oil price to rise, particularly if the OECD are right in their prediction of world growth rising.

[oakville] 25/4/2017 05:16

Confidence is still high here in Ontario.

[11smith] 25/4/2017 00:17

Don't think the oil price will tank that far in the short term? - below $30?, maybe go as low as $40. OPEC can only promise to curb production for so long. The US shale producers, however, pump more and more. Long term we have electric vehicles which only consume oil indirectly. There will probably be a decline in demand for crude of between 10% and 15% over the next 10 years in the developed world.

[cottoner] 25/4/2017 00:06

circa10p (£1 = 1.73 CAD)

[thegreatgeraldo] 25/4/2017 00:02

What's that in sterling?

[11smith] 24/4/2017 23:57

Down 8.1% on tsx.v to 0.17 CAD on low volume.

[albo] 24/4/2017 23:57

The $300k generated per month from ops should be reflected in the next quarters accounts. That has to be a positive here so a profit for the quarter is a given.
what concers me is that they are now on their 4th CFO in little over a year. That's not a good reflection of the business or the management.
Holding in hope that the profits in Az will be clear in the next quarter and we can move up. And that's before the success of the workovers.....

[ravin146] 24/4/2017 22:29

Sea7 I agree, 11smith profile was created 18 Jan and has posted on 7dig.Either way they are both fools, like if you agree!

[11smith] 24/4/2017 22:14

We are all waiting for positive news from Zenith. If there isn't any Zenith is dead in the water within 12 months. Doom, you cry, but, that is how it is.

[sea7] 24/4/2017 21:56

zengas - I would not be surprised to find out that 11smith is also smithie6,

He said he was in 7dig for 18months, they are fed up with the lying ramping smithie6 over there, that has been posting for ages. Not 100% sure.

[ravin146] 24/4/2017 21:50

I told you guys ages ago and filtered the whole gang...inc 11smith, grannyboy, richie666 (amateur unprofessional align research) etcHere is another who got all his comments incorrect...barnetpeter - 24 Apr 2017 - 20:56 - 1477 of 1485 - 0The only thing that really matters is the price. It's well down from previous levels and looks to be going lower. That's all really. A good time to buy perhaps but all oil stocks are ultra risky and this is no exception. It might well be cheap but the oil price could tank to 30 dollars and zen would be history. Holding but not tempted to add more yet. Falling knife............Really?!Bullshyt imoFiltered barnetpeter

[sea7] 24/4/2017 21:26

I very much doubt whether 11smith even held one share. He has shown up, simply deramping, either because he actually bought at the recent highs of 13p and is now sulking because of his losses and cannot get over it, or is deramping to get in lower.

[zengas] 24/4/2017 21:22

11

Why did you not notice any of this when you said you got in shortly after the UK listing ?

You said 10th April you sold half after the big rise to 13p.

Well the big rise was 20th Feb at over 13p and on 3rd March again at 13p so If you got in after the london listing then you appear to have held for either 4 or 7 weeks.

Then you said you 'dumped the rest this morning' (also 10/4/17) - price around 11.5p when they said the pump replacements had added 14 bopd production.

Then 12/4/17 you said as you had sold, you were 'temporarily out' - so i presume on that statement a view to getting back in. You also said you were taken in by the March 1 announcement but you had already sold half weeks prior to this anyway on the big rise to 13p.

Your id registered 18th Jan yet your 1st post on Zen was 10th April - not one question to other holders while you held, but plenty when you sold. Maybe you could tell us who you were before as your quick to point out other stocks in an argumentive state that you held for 18 months. Call me a sceptic but I've been around long enough to see folk chop and change their id to hide their previous enthusiasm and then create a new one to suit their negative stance.

[sea7] 24/4/2017 21:21

Nice try 11smith, stop trying to alter the conversation - post up your tangible, current negatives on zenith for discussion.