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Petroneft Share Chat (PTR)



Share Price: 6.325Bid: 6.20Ask: 6.45Change: -0.05 (-0.78%)Faller - Petroneft
Spread: 0.25Spread as %: 4.03%Open: 6.325High: 6.375Low: 6.325Yesterday’s Close: 6.375


Share Discussion for Petroneft (PTR)


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Dibs61
Posts: 6,213
Premium Chat Member
Observation
Opinion:No Opinion
Price:3.75
View Thread (3)
RE: PTR
12 Apr '13
Sorry that wasn't very brief was it?!
 
Dibs61
Posts: 6,213
Premium Chat Member
Answer
Opinion:No Opinion
Price:3.75
View Thread (3)
RE: PTR
12 Apr '13
Hi Poacher - If I was to summarise it very briefly its largely because of :-

Unfulfilled management promises regarding forecast production levels - consistently fallen short of predictions.

Operational difficulties - they work in a very harsh terrain with difficult (but I must emphasise not impossible) conditions) and there have been various technical issues with wells .

In addition debt has grown rapidly in the past two years, I'm not exactly sure why but I would guess it's due to all the capex of developing their Arbuzovskoye field.

Result = market has lost faith in the company.

HOWEVER - the company still has a number of II's with a substantial interest. The chief creditor Macquarie Bank Ltd has a substantial holding.

I have invested here because I like trying to uncover recovery prospects and I think we may have hit the bottom here.

IF they can boost production successfully and start to bring down debt we are onto a winner. There is also the possibility of a takeover at some point.

ATB
Poacher886
Posts: 1,114
Off Topic
Opinion:No Opinion
Price:3.70
View Thread (3)
PTR
12 Apr '13
Can anyone briefly summarise to me why this was c.70p and the fall to present SP, was it placings or significant bad news?.... that's quite a fall. Thanks
Dibs61
Posts: 6,213
Premium Chat Member
Observation
Opinion:No Opinion
Price:3.88
Quite high volume today as well
11 Apr '13
Compared to recent times. Interesting combined with a rise.
stocktrade
Posts: 4,192
Off Topic
Opinion:No Opinion
Price:3.88
Britishbulls buy confirmed
11 Apr '13
Sundayroast
Posts: 801
Premium Chat Member
Observation
Opinion:Strong Buy
Price:3.88
Another
11 Apr '13
Huge buy, 1.5million
This is looking very bullish now
nighthawk
Posts: 42,900
Off Topic
Opinion:No Opinion
Price:3.88
PTR
11 Apr '13
MM having a wee shake ....
langyy
Posts: 40,292
Off Topic
Opinion:No Opinion
Price:3.88
blimey
11 Apr '13
put a limit order in at 4p and got 3.86....
nighthawk
Posts: 42,900
Off Topic
Opinion:No Opinion
Price:3.88
stocktrade
11 Apr '13
"Today we're are up to 2800 bopd, only yet new Well 105 produces 160.bopd and well 102 back up to 380bopd......"

Yes one now stands corrected...
langyy
Posts: 40,292
Off Topic
Opinion:No Opinion
Price:3.88
top up..
11 Apr '13
4g..(soon)...



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