Zenith Energy Share Discussion Threads

[11smith] 02/5/2017 01:51

The twitter announcements don't help matters. At least it shows honesty and the reason there has been no news for so long on M-195 is because nothing has been achieved. What on earth have they been doing for 2 weeks? Nice clean overalls though.

[ravin146] 01/5/2017 22:59

Wow, it's the bank holiday weekend...a few of you are working overtime it seems. Though looks like it targeted at the 11yearsmith remarks. Thankfully filtered so easy reading!Just a note for everyone to consider its reply, and 11yearsmith, reply as you wish but don't care as you are filtered.11yearsmith does not have a long position here...deramping based on shyt and not facts!Ignore or filter simple...sad life

[pugugly] 01/5/2017 15:35

sea7:_ Thanks for that - Had to register for full article but most interesting.

[sea7] 01/5/2017 15:18

yep, I have looked at alba. They have 15% of the 65% HHDL vehicle behind horse hill.

They are always short of cash and whilst they raised £900k a while back they will have ploughed through most of that by now.

I have not read the article, however, this headline spoke volumes about lenigas and strang...

Gatwick oilmen star in muppet show
Alistair Osborne: Business Commentary
April 10 2015, 1:01am, 
The Times
Who needs a second runway? Not when you’ve got the Gatwick gusher, brought to you by that famous oil man David Lenigas and his sidekick, Donald Strang. They’re never far from a nodding donkey — if that’s not too polite a term for the muppets done over by their AIM-listed penny stocks.

[sea7] 01/5/2017 15:08

The sidetrack won't be completed this week. Finish the window, drill down, cement casing and drill slimmer hole to target depth and this section left as open hole.

[pugugly] 01/5/2017 15:05

sea7: On my list of things to do - I prefer to talk (to get body languge reaction) rather than e-mail - So getting question list ready.


On another possible have Oiler you looked at Alba - re Horse Hill and Weald - Flow rates look interesting but GUN involved and also Lenigas in the project - Possible Red flags to me - so need to do far more DD.

[sea7] 01/5/2017 14:58

The new images of m-195 from half hour ago, have only one guy in it, he looks a bit dirtier! the images are of running in hole with whipstock to open sidetracking window in casing.

[sea7] 01/5/2017 14:55

I have seen that to, pug. Have you emailed the co. and asked about it.

[pugugly] 01/5/2017 14:52

sea7: Major negative for me is "clean overalls" Looks as though just been put on for the photo shoot.


NB > Andrea - Please let us see some workers working and not looking as though dressed for a hospital operating theatre. ! However the one posted on March 23rd looks as thought they have been working - overalls are clearly showing usage !!

[grannyboy] 01/5/2017 14:28

It's all very well posting pictures of M45 on twitter, what we need is an update and flow rates from M-195..And if they are trying to give the impression that the sidetrack is just commencing, then that is just BS.

What have they been doing for two weeks...Do they only work a couple of hours a day or are they on permanent tea breaks?...

[thegreatgeraldo] 01/5/2017 14:24

Minor point, TMX record trade prices, so the share price can "fall" day to day if the last trade one day is at the offer & the last trade the following day is at the bid, although the bid/offer hasn't actually changed ;-#))

[sea7] 01/5/2017 14:17

New tweet M-45

[11smith] 29/4/2017 13:13

Here we go again, the filtering fools. It is pointless filtering all and sundry points raised that you don't agree with. The CEO clearly gives a hopeless explanation of why Zenith is so under-valued. I think if he is pressed further on the issue it may become apparent that he doesn't really believe it. The company is not under-valued because the TSX.v index has crashed. It is a ridiculous suggestion and anyone with an ounce of sense knows it.

[cpap man] 29/4/2017 13:05

11smith29 Apr '17 - 13:01 - 1618 of 1618 0 0 (Filtered)



Highly recommended fellow ZEN fans!

[11smith] 29/4/2017 13:01

Is it time to appoint a new CEO? Mr. Cattaneo explains at length the reason Zenith is so under-valued. See the recent twitter presentation. He clearly states the reason for this undervaluation as being the decline in value of the TSX.v index, quoting figures to support his argument. So, that is the reason the company is so under-valued. He obviously compounds the problem by making such a stupid statement.

[sea7] 29/4/2017 10:40

Thing is 11smith, when you look at the size of the trades going through the tsx-v for zenith and the amounts involved, it clearly shows that the people buying/selling the stock are retail traders, with small positions and are unlikely to know anymore than anyone else.

If one of the larger holders was unloading blocks of stock, then I would want to know why.

Trades made for amounts under a few hundred pounds aren't generally the trades of those with greater knowledge and experience. Transaction costs for one, make trading at that level way to expensive and the stock must move a considerable amount to make a profit.

Andrea said that per barrel lifting costs for zenith are in the region of $16, so zenith would still be viable at $30.

If opec and the others are actually adhering to cuts, that would be the real surprise.

If opec announces they are cutting and then we see supply shocks somewhere, prices will go up, that will help my quest for profits. Perhaps you should look at the upside for a change, instead of doom and gloom scenarios all of the time.

[11smith] 29/4/2017 10:14

Sea7, maybe OPEC will decide not to extend the production cut agreement? That eventuality would send oil crashing back to $30 or less. Would that really help you in your quest for profits? I suggest not. // It is not unreasonable to suggest that investors/traders who buy and sell on TSX might have some greater knowledge of Zenith and/or the previous incarnations than anyone who doesn't trade through TSX. Hence my comment, 'maybe they know something we don't'

[sea7] 29/4/2017 09:40

Yes I can spin the 8% drop into good news.

This drop for me, represents a chance that oil stocks may drop in price, off the back of a drop in WTI, which will allow people like me to pick up cheaper stock, when the price is weaker. When a view of at least a year or two is taken and the reduction of investment into projects in the oil patch, we are likely to see prices coming back up to a higher level sooner or later and the o/g stock prices will respond accordingly. I will be able to bank some profits.

[sea7] 29/4/2017 09:37

Your initial post refers to the drop on the tsx and how you felt that they might know something. At no point in your brief post regarding the drop did you refer to anything else, especially about trading under different names, you only made reference to the drop on the tsx for zenith energy under the ticker ZEE.

your post only referred to zee on the tsx yesterday, my response is tailored in the same way. If you wanted to discuss alternative trading names then why didn't you allude to this in your first post, rather than the scaremongering tactics about "how they might know something"

amateur at best 11smith.

[cottoner] 29/4/2017 09:30

Warning of oil shortages as discoveries fall to record low

[11smith] 29/4/2017 09:27

Maybe there is a reason this stock attracts so little interest in Canada. Zenith has traded on TSX under different names for a long time. Sea7, if there is ever an award for positive spin, you will win hands down. Can you spin the recent 8% drop in the oil price into good news?

[sea7] 29/4/2017 08:30

11smith,

maybe they know something - unlikely as there were three trades on the tsx all day, which meant total days volume was 12000 shares, or about £1100 worth of stock. Hardly indicative of a leaky ship. London closed flat for zenith, no indication of anything untoward.

converted to pounds sterling, trades for yesterdays TSX.

One trade for £672.69 at 17 cents a share - Bought/sold by RBC for RBC clients.
One trade for £271.34 at 16.5 cents a share - sold by cannacord to anonymous
One trade for £180.89 at 16 cents a share - sold by cannacord to RBC for clients

The previous close was 17.5 cents a share. The close was 16 cents a share, hence the recorded drop. There is not the liquidity or depth of market to ensure that outsize moves of 8.57% do not happen regularly.

In the last eleven days, total volume on the TSX for zenith has been 221,000 shares traded. In London that amount of trading was done by 0934 yesterday morning, a mere one and a half hours after the market opened for the day.

The London market dictates the direction of the stock and the only reason that there is a recorded drop of 8.57% on the tsx, is because someone accepted 0.16c a share for a total consideration of £180.89 and it is recorded as the low of the day.
Had there been more liquidity in the stock and depth of market then the stock would not have been moved so much, by such a small trade, by a retail investor.

I would be looking for any clues as to the success of the drilling in the London market, as this is where we are likely to see any moves first, if there is any leaky ship. Azerbaijan is two hours ahead of London and seven hours ahead of Toronto. London is the market to watch.

[11smith] 29/4/2017 00:30

8.57% is 8.57%, it doesn't matter if the stock price is 16cents or 16Dollars. Such a big share price fall on low volume of 12,000. Looks real bad. Maybe they know something we don't in Canada. The current instability in the oil price isn't a good sign. If WTI drops below $48 we will see a major sell-off, hard hats everyone.

[sea7] 28/4/2017 22:51

11 smith,

As the stock trades at about 16 cents a share, even small moves are seen as outsize moves in percentage terms and plus the fact, the whole day was 12000 shares, hardly indicative of anything is it.