Zenith Energy Share Discussion Threads

[pugugly] 25/4/2017 20:49

sea7: His name is on the reseach paper

Also could be interesting to check out the Companies House filing for Align -
also filing history
Richard Jennings name clearly listed as director.

Also schedule of shareholders. 30 Dec 2016 Confirmation statement made on 14 November 2016 with updates
View PDF ( Confirmation statement made on 14 November 2016 with updates - link opens in a new window ) (5 pages) 2nd schedule down .

[sea7] 25/4/2017 20:33

This would, in my opinion render the align note as purely historical and no longer relevant to the investment picture and future direction, as we will not get any flash notes or updates from them.

Tks to ravin and pugugly for getting this "not so obvious information" to me.

[sea7] 25/4/2017 20:30

Tks pugugly,

I have not looked that far into it. That would seem about right, if they ceased coverage in march and the 6 month lock up ended in april and there has been a fair bit of selling, so they could have been exiting their position.

Would fit nicely I think - good digging there pugugly.

As for mark parfitt, he doesn't get a mention on their website, so I am wondering if he was contracted by them to produce it.

[sea7] 25/4/2017 20:26

For the record...

The future of zenith...

If they cannot get the oil out of the ground at a profit, then they will not continue with the project. That is the same for all oil companies.

I would have thought that it was pretty obvious and I am surprised that you would even think that I wouldn't be aware of this fact.

[pugugly] 25/4/2017 20:25

Remember Align's first reaseach note was published on 12th October 2016 so the 6 month lock certainly on some of the stock - assuming he was paid or bought stock expired 6 months later -(12th April 2017) so could some of the recent sales have come from Align ? .
Also that the analysts name on the reseach is Mark Parfitt not Richard Jennings. Humm!!!!!!!!!!!.

[sea7] 25/4/2017 20:21

11smith, I do not vociferously attack, I challenge and question all information that I find.

If you cannot back up your posts with independently verifiable sources, or be able to demonstrate your position through well explained reasoning, which proves it to be relevant to the current position of the stock at hand, then I will not really place much strength in what you say.

If your comments can not stand up to scrutiny and they fall apart at the first hurdle, then they are discarded accordingly. Do not get upset or try to create some sort of personal feel to this discussion, it is not personal and this is not my board. Stop acting like a troll and either back things up or don't waste the time of the investors on this board.

[11smith] 25/4/2017 20:13

Sorry - Typo - Still down 2.94% on TSX.V, volume 25,800 all sells at 0.165 CAD.

[11smith] 25/4/2017 20:11

Sea7, You state, 'In the quest of capital preservation, all information is relevant to me, good or bad.' But this is not the case. It is obvious that you don't like reading issues on this BB at times if the issues cast some doubt on the future of Zenith. So maybe you consider all matters, good or bad, in private but voiciferously attack anything that goes a little against how YOU want the BB to be. Still down 2.94% on TSX.V, volume 25,800 all sells at ).16CAD.

[sea7] 25/4/2017 19:08

I tried that link as well and yes it has gone.

I have read a lot of his posts and whilst they are not impartial in any way, they are independent, which isn't usual.

I have seen other brokers cease coverage for no apparent reason after stating high price targets, who were being paid by the company they were covering and did not have any skin in the game. They got paid irrespective of the targets being hit and to be honest with you, on the aim market, I can only think of one broker note out of the countless I have read on countless different companies that actually got the target price and timeframe about right and that was only on one occasion.

As I said before, I normally only invest/trade aim, where I generally trust nothing and no-one without verifying it from multiple sources.

I haven't researched Richard Jennings as a person, so it would be unfair for me to comment on his level of O and G experience.

I am unlikely to take Richard Jennings views as gospel anyway, not without triple checking elsewhere.

I do not disagree with your view on the subject, as you have more knowledge on it than I do and the fact that you highlighted this point, I am grateful for.

In the quest of capital preservation, all information is relevant to me, good or bad.

Thanks for bringing this cause for concern to my attention.

[ravin146] 25/4/2017 18:55

Sea7 on this occasion I disagree with your view, though balanced etc, I disagree.The company posted a note late in the evening, around 10pm which many here saw that stated effectively they had ceased coverage. The next morning, the linked was dead. A poster here then questioned him on the PVR board which he later confirmed they had ceased coverage. See the post number on the PVR thread I stated earlier today.My question is on the integrity of the person and their research therefore is also to be questioned. The 20p target in a very short period of time target just shows a lack of experience or even knowledge in how these oil firms run and associated risks involved. The minute they didn't get what they may have wanted they threw their toys out of the pram!All I can say is research into the person...a person who wants to start fights, even if for charity, with someone on these bb's, swear- even if it's targeted at fools for example like 11smith here, it just a bad reflection on the type of person. Quite sad. Imho, dyor

[sea7] 25/4/2017 18:34

Richard Jennings one of the founders of align research (richie666) did state that they get paid in equity from the companies they cover and do not charge for their research to readers.

He stated on post 444 of this board...

richie666 - 16 Feb 2017 - 13:13:21 - 444 of 1523
Zenith Energy....oil & gas in Azerbaijan, Italy and Argentina - ZEN
Gents, what I don't believe is in the market at present is the almost certain probability of warrant conversions as detailed in the prospectus. This will bring in upto just over $9m CAD with strikes between 15 & 25c (CAD). We are comfortably through the first 15c trigger now.

What could the co do with $9m CAD?

We expect 20p in pretty short order now.

..................

The stock faltered after this and the argentine assets were divested and announced a few days later.

He stated a while later on another board that they had ceased covering zenith, although the link doesn't work.

I would say that as the 20p prediction did not happen "in short order" he may have decided that covering it further at this point was not in his interests.

He did state that he feels that zen is still undervalued, however, that they are not covering it anymore.

...........................

The research that align do is fairly balanced and Richie, by all accounts is very experienced in his field. He has been in this game over 20 years, I think.

Whilst I always take broker notes with a pinch of salt, there are always a few good nuggets of info.

It is still worth a read. He has a self imposed lock in of six months on stock he gets for coverage, so if he does sell, it should be after june.

Like everything though, I like to verify what I read from another independent source, so I have read align and beaufort notes, along with independent news coverage and then add in CEO sales pitch at the events he has been too.

[11smith] 25/4/2017 17:51

Down 2.94% on TSX.V, coming up to 1.00PM over there. I will check it later at close and keep you informed.

[ravin146] 25/4/2017 17:45

Go on PVR and find post 45581

[pugugly] 25/4/2017 17:41

sea7:> So very true and apparenty keep pushing on the relevant threads and often rubishing all who query any part of their reseach. The fact that Align published 2 notes is one of the reasons why I am being extra nit-picking with DD this time !!

[ravin146] 25/4/2017 17:33

I won't divulge on this bb too much, but do some research into it. They seems to me to be very unprofessional and fairly inexperienced. They posted something on their website and later removed it, though many are aware that a poster here and on PVR who is allegedly working for the company stated they no longer provide a view. I'll try and dig the quote later...

[sea7] 25/4/2017 17:25

They do, or did have a vested interest though - from the aligin note.

Zenith Energy is a research client of Align Research. Align Research has an interest in Zenith Energy shares

[sea7] 25/4/2017 17:24

In this short clip andrea states that capex per month for both teams is around $120k USD and they are expecting this to move revenue from $360 to $500k a month.



originally posted 27th march

[ravin146] 25/4/2017 17:16

Sea7 I would avoid looking at align research as I don't think they provide research on the firm so would not look at it.Have a look at Beaufort securities two notes.Imo

[ravin146] 25/4/2017 17:10

https://m.youtube.com/watch?v=klX-eCCqVRk

[sea7] 25/4/2017 16:26

from the aligin note of January this year....

Zenith initially plans to work over 39 of the 52 wells on the Muradxanli and Cafarli Fields. Engineering projections indicate that once worked-over 21 wells will produce at 15 STB/d and 18 wells will produce at 10 STB/d. The highest return wells will be targeted first, followed by the medium wells, then the five Maykop-type wells in the Zardab Field will be brought on – here sanding issues need to be addressed (most likely with gravel pack completions). We have anticipated that simple workovers will cost C$50,000, and more complicated workovers C$100,000. Development well costs will be lower than the main engineering projections at around C$4 million using similarly more cost effective rig contractors.

.................

Not exactly gushers, however, this note does not take into consideration the change to a sidetrack in to an undisturbed section of the reservoir.

[ravin146] 25/4/2017 15:55

I believe AC has picked his best wells to the latter end or the order...!

[ravin146] 25/4/2017 15:52

Sea7, what are expectation of bopd INCREASES from current levels:W195: +30-80+J45: +30-80+Zardab (Z-28) which will be the exciting well: up 200bopd

[sea7] 25/4/2017 15:51

11smith

fwiw, the trades that have been going through at 9.35p look more like buys. I have just completed a dummy trade and have been quoted 9.35p to buy. All these trades shown as sells look like buys, however, we cannot be 100% certain.

[sea7] 25/4/2017 15:33

Yep they have, should be tsx:zen which is zenyatta ventures.

Sloppy.

[ravin146] 25/4/2017 15:29

Has vox got this wrong?...https://www.voxmarkets.co.uk/rns/announcement/25846901/?source=twitter