Zenith Energy Share Discussion Threads

[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.

[cottoner] 28/4/2017 22:11

Large volume - not - 12,000 shares !

[11smith] 28/4/2017 22:09

Big Share price fall on TSX.V today down to 0.16 CAD, an 8.57% drop.

[ravin146] 28/4/2017 16:55

ravin146 - 27 Apr 2017 - 08:44 - 1578 of 1605 - 1Oakville...6.3million shares...where is the holdings update?!Really?

[ravin146] 28/4/2017 15:18

Well update next week?!

[ravin146] 28/4/2017 11:39

Very surprised no holding update yesterday, if not one tonne released this eve after yesterday's volume.

[sea7] 28/4/2017 10:08

Only two sell trades this morning, one at the open for 9.55p and the other twenty minutes ago at 9.60p.

All other trades are buys, starting at 9.685p, with the most recent, a few minutes ago at 9.75p.

We can see that the actual trade prices for the buy side have increased by 0.75% since the open this morning.

We should see a tick up on the offer, if this trend continues today.

[sea7] 28/4/2017 08:30

not placing too much faith in it, however, brokermandan is claiming that zenith are in talks re producing assets...

[sea7] 28/4/2017 08:11

11smith.

The latest tweets stated the plug has been put in.

Now we do not know exactly how old the pictures are, however, my understanding, is that they cut the window in the casing at 2960 level, then insert the plug in the old wellbore and cement at a level above it. Then they prepare for the actual sidetrack, which entails using a 139.7mm bit, to drill to a level of 3020 meters, taking gyro directional and inclination survey to monitor the direction of the sidetrack hole.
Once this has been completed, which is about 60m of drilling, they then cement a 114.3mm casing into this hole, which must take a few days to cure once in, then they re-enter and drill a slimmer hole to the 3065m level. The section drilled between 3020 and 3065 will be left as open hole.

We do not know precisely where they are in the process, however, as these tweets were only two days ago and there is still several days of work to be done, before they can start to gauge flow rates, then jumping to conclusions over the well success or lack of it, is a bit premature.

They will update us at the appropriate time. AC did say that as this was the first well on the project, they are taking things slower than normal, to ensure that everything goes according to plan.

[sea7] 28/4/2017 08:01

No problem andy.

[andy] 27/4/2017 21:36

Sea7,

Many thanks for your reply and link.

[11smith] 27/4/2017 21:30

If no news tomorrow it is starting to look like the sidetrack is proving to be fruitless. Could be more heavy selling tomorrow as hope dwindles. // an unexplained share price rise on TSX.V, up .01 CAD or 6%, looks good but may encourage selling on the lack of news.

[ravin146] 27/4/2017 16:38

ravin146 - 27 Apr 2017 - 12:13 - 1588 of 1596 - 1Near 5m buys and the rise is 0.25p really?!Must have a lot of stock to buy up!The last two trades that why!Praying it's GUN releasing shares which is great news.It could be the old CFO if he had any shares?

[pugugly] 27/4/2017 16:32

?? GUN clearing at 9.4p 1.8 million = So who apparently picked up a million at 9.5p Large PI or small II. ?

[muddy_40] 27/4/2017 16:32

Ravin

Looking at both sets of pics from the yesterday, M195 pics have a pretty bright day, M 45 pics is more overcast and dull, so these pics could be from different days?

[ravin146] 27/4/2017 16:19

Interesting, I still believe the pictures posted yesterday were as at yesterday. Interesting point is that they obviously have a mole here reading our posts!

[muddy_40] 27/4/2017 16:12

Ravin

New tweet about Italy ops and states the pics were taken today..so maybe that pics from M195 were not from yesterday??