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Parkmead Share Chat (PMG)



Share Price: 40.50Bid: 39.00Ask: 42.00Change: -0.25 (-0.61%)Faller - Parkmead
Spread: 3.00Spread as %: 7.69%Open: 40.75High: 0.00Low: 0.00Yesterday’s Close: 40.75


Share Discussion for Parkmead


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Sonofthebull
Posts: 633
Off Topic
Opinion:No Opinion
Price:40.50
RE: POO
Today 18:06
Put your hand in your pocket and the buy ! PMG going North when Statoil well being drilled next to PMGs acreage.
 
heardy
Posts: 193
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:40.50
POO
Today 16:56
Up PMG down as usual, what is going on!!
LuckCounts
Posts: 1,127
Off Topic
Opinion:No Opinion
Price:40.75
RE: Buy from *************
Today 13:47
The recommendation was from share pr****ts
SonsofGwalia
Posts: 101
Off Topic
Opinion:No Opinion
Price:40.75
RE: faroe petroleum
Mon 18:42
My buy shown as a sell this afternoon. Great buying opportunity at this level. Buy and hold and see what we have here in 10 years time. Love reading about the man , that's why I'm invested here .This Guy is a 7 footer , as buffet would say " If you want to win basket ball games it pays to have a couple of seven footers , and by the way there's no returns on pygmies ". http://www.insider.co.uk/special-reports/oil--gas-profile-tom-9876912
Sonofthebull
Posts: 633
Off Topic
Opinion:No Opinion
Price:40.00
RE: faroe petroleum
Mon 13:55
Tom won't sell up ! He might however buy Faroe Petroleum one day !
specul8
Posts: 608
Off Topic
Opinion:No Opinion
Price:40.00
faroe petroleum
Mon 13:29
faroe petroelum should buy this or offer a share deal on it, that way we know that the assets would be realised
55p offer would do nicely

gla
LuckCounts
Posts: 1,127
Off Topic
Opinion:No Opinion
Price:41.50
RE: Buy from *************
Sun 23:32
This really is a gamble on one of its larger assets coming good and reaching production, as well as the oil price rising in coming years, but from a £41 million market cap it offers a lot of upside if it does manage to achieve that. Currently the share price is around 42p to buy, which is about as low as it has been in the past 18 months, and previously it has found decent support at this level, so I’d view the shares as a long term buy.
LuckCounts
Posts: 1,127
Off Topic
Opinion:No Opinion
Price:41.50
View Thread (2)
Buy from *************
Sun 23:32
Usually it takes far longer for companies to move forwards operationally than the majority of investors expect, and it is at times when most people have become bored and moved on elsewhere, that opportunities can present themselves.
I think that has been the case with AIM100 listed Parkmead Group (PMG), where many were expecting too much, too soon from this oil and gas producer and explorer, off of the back of chairman Tom Cross’ success at Dana Petroleum, which ended up being sold for nearly £2 billion back in 2010.
Since then his focus has been on Parkmead, which already has a revenue stream from its onshore gas assets in Holland, in which it holds a 15% stake, and gross production averaged 5,000boepd during 2016, with operating costs of $15/boe.
That resulted in revenue of £2.7 million during the last six months of 2016 and a gross profit of £672,000, although the company did record a net loss of over £4.5 million due to admin expenses running at around £2.4 million and exploration costs of £2.4 million for the period.
The Holland gas assets are useful for covering some of the running costs of the company, but the main interest here is the UK assets in the North Sea and West of Shetland area.
In the North Sea it has a 15% stake in the Platypus field, which has already been flow tested at 4,600boepd, and subsequently also made a further gas discovery at the Pharos field.
Further north, the company has the Perth, Dolphin and Lowlander licences where it holds a 60.05% stake, and where recoverable oil is estimated to be in the 80 million barrel range, having been fully appraised via the drilling of 13 wells.
It has also increased its stake to 100% in the Marten and Polecat discoveries, also within the Moray Firth area, with 90 million barrels of oil-in-place, plus prospecting licences at Fynn and Penny.
The company could also do very well from its Sanda North and South licences in the West of Shetland area, given other success stories in the area, and these licences aren’t that far from the already proven Schiehallion, Clair and Lancaster fields, and with a potential P50 recoverable oil of 280 million barrels. This prospect has already been derisked to some extent via the drilling of an up-dip well previously.
It is still fairly early days in terms of developing a lot of its potential assets, and it is these that have the potential to really bring in the big money and make a huge difference if any of them come to fruition. Currently a lot of the focus is on the Moray First and the Greater Perth Area oil hub project, where the company is trying to combine a number of fields for joint development, including the former producing Athena wells.
Although the company does burn through a substantial amount of cash each year, it is making progress operationally, with net assets at the end of 2016 standing at over £70 million, and with nearly £27 million in the bank. It has also been growing rese
SonsofGwalia
Posts: 101
Off Topic
Opinion:No Opinion
Price:41.00
RE: Bottom drawer
Thu 12:24
“No matter how great the talent or efforts of Tom Cross , some things just take time. You can't produce a baby in one month by getting nine women pregnant.”
Isengard7
Posts: 2,958
Off Topic
Opinion:No Opinion
Price:41.00
RE: Bottom drawer
Wed 23:58
i think bottom drawer shares might be attractive to some investors with patience and long term outlook.

The logic behind it, is that its potential value isn't already priced in so effectively getting in cheap.

lastly and probably most importantly, the types of shares that are consideed for the top drawer, are the ones where its speculated to have an imminent breakout, they tend to be more risky and pump and dump in nature. The term "dusters" gets used a lot in conjunction with these.

PMG is probably considered are more low risk play on oil & gas. compared to your UKOGs and COPLs.




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