Zenith Energy Share Discussion Threads

[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

[sea7] 25/4/2017 14:44

You know as well as I do, that buy/sell volume is reported against the prevailing mid price at the time of the trade. All buy/sell volume is approximate at best.

Even though todays volume shows buys outweighing sells, there is no guarantee of any of it being that accurate. So you cannot really say one way or the other.

[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?