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Someone who is not innumerate.
With you 7 posts who are you with your smart comments ....
it is clear that ROCKLAWN's only qualification is in bull. Best ignored.
turning already
hopefully finish up again today
little by little
JARV .... i think its PIs' just taking a profit over the rise we have had in recent days ... would expect this to move up again towards 2p min. shortly..... imo
Longwait... take it easy man ... i'm just rising you and every time you take the bait.... relax... we all have other worries no matter where you're living in the world at present... dark times .....
Amazes me how the mms can take this down just before a jv rns is due.
If you're an ex-actuary, Rocklawn, you ought to show some respect for facts and figures.
Apparently, you were outraged that I dared to mention PVR's majority interest in 55 mmboe of assets other than Barryroe, and related facts, which would enable someone interested in the value of company shares to compare the values of PVR and LOGP.
It's strange - is it not? - that when I set out the figures, you reacted by making a sarcastic comment about what 'an incredible brain' I have.
You ought also to be able to react to facts and figures without throwing about insults like 'clown' and 'bull****.'
Your still a clown...... simple idiot ... do you think a university degree in maths or a doctor of bullsh.. makes you any different... for the record i spent my career as a actuary for one of the largest finance houses in the world .. but im still just a punter on here trying to make a profit... no need to respond .. i have enough ****e for one day.....
I hold both LOGP and PVR and see both doing multiples from here. I also hold SLE.
Worth remembering, San Leon Energy on the 23 December 2011, assigned its 30% working interest in Standard Exploration Licence 1/11 ("Licence") Barryroe to Providence in exchange for a 4.5% NPI on the full field. San Leon Energy will not pay any further appraisal or development costs on the Licence and is not paying any costs towards the 48/24-10 well.
I don't know whether you intended your last post to be as idiotic as it reads, Rocklawn, but unless you can actually argue with any of my figures or mathematics, would it not be better if you refrained from being so sarcastic?
In particular, what is the similarity between me, having a university degree in mathematics and a correspondingly-high intelligence quotient - which I would not have mentioned but for your sarcastic remark about my brain - and Trump?
What makes you imagine I bear comparison with a politician of all people?
longwait .... perhaps youre waiting to long ... what an incredible brain to have on this site ... helping the rest of us poor posters
.. say no more we are blessed with people like you as we are with Trump....God be kind to a fallen man .. as he may rise from the ashes.....GLA... i rest my case....
I'm amazed that Rocklawn misunderstood what ALGU was driving at.
The idea that LOGP's share price should be roughly a quarter of PVR's is something I have been using myself as a guide.
PVR do have seven percent more shares, although that does not make much difference.
'there's an assumption that LOGP's SP should be a quarter of PVR's. At present it's slightly less than that.'
I'm amazed that no-one noticed the mistake.
ALGU posted the identical comment with the same time stamp on both PVR and LOGP.
Their mid-prices were recorded as 7.35 and 1.90 respectively.
1.90 is more than a quarter of 7.35, and the offer prices gave a figure of 27 percent.
It was obvious that at 2p to buy, LOGP was too high relative to PVR.
If it were to be a quarter of PVR, then PVR should have been 8p.
Even when PVR had fallen back to 7.3p offer, LOGP was still 2p.
'It doesn't look like there's much value in either company's other asset(s). '
The most recent estimates of PVR's other assets total 55 mmboe, although it has a slightly smaller interest in them than in Barryroe.
The fact that Linn has retained them suggests he intends to do something with them, perhaps somehow in connection with the Barryroe development.
He has also said that PVR is looking out for other opportunities.
My impression is that LOGP is just holding on for a reward from Barryroe.
For these reasons, I would suggest that PVR is worth rather more than four times LOGP and that LOGP would have to be trading at rather less than a quarter of PVR for it to offer better value.
Right on ....
Rocklawn, yes that's probably the difference, whether we're looking at the value of BROE as a whole (of which LOGP owns 1/5) or LOGP/PVR in respect of one another i.e. 1:4.
The SP of PVR and LOGP move in tandem, but not exactly. A few weeks ago PVR had a good rise and LOGP lagged a few days - this may be why it has caught up recently. Now that the companies are only really focusing on Barryroe there's more reason for the share prices to be aligned. Not like a few years ago when PVR had the deep exploration assets in its portfolio. Even if LOGP does get taken out for a premium i suspect it wouldn't take long for PVR's SP to match it
ALGU .... i understand what you are saying regarding 20/80 in favour of both parties and the share price ... perhaps we are just looking at the mathematics differently ... I on the basis of Barryroe as an enterprise and you on the basis of the two companies ..thereby 4/5s to PVR 1/5 to LOGP so but on a shareholding i understand where you are coming from. Personally i thinK LOGP will achieve a higher price on a pro rata basis as its a cheaper share for punters to buy ( WE CAN SEE THAT IN TODAY'S TRADING ) and secondly it may be taken out by a larger player at a higher price price prorata than PVR... just my thoughts ... im no expert.. just looking to make a profit.
IRL's correct - I was talking about LOGP's SP in comparison to PVR's, owning 20% : 80% of barryroe respectively. So if PVR's market cap is £80m, LOGP's should theoretically be £20m or thereabouts.
Probably best to hold both Logp does seem to move faster though.
GOOD.....
The comparison ALGU was making was that LOGP holds 20% and PVR hold 80% so LOGP should be roughly 1qtr the value of PVR ignoring all other assets. Simple as that . . . enough said. I will say no more.
Maths .... does not seem to be your strong point...... its very simple LOGP has 20pc of Barryroe ... forget about PVR ..... but for the record they have 80pc ... we are talking about a 100pc of something and thats how a math would look at it.....a fifth thats the fact and will probably drop to 10/12pc on farmout....
Yes . . . but 4*20% = 80%! So 1 qtr the value of PVR.
ALGU .... LOGP have a fifth of Barryroe not a quarter 20pc...I have posted several times in the past that i would also think LOGP could be taken out before any production .... but the long term strategy from past interviews i believe that both will be taken out by a oil major...... imo...
Interested to hear others thoughts on which is a better investment. I currently hold both - slightly more LOGP than PVR.
With PVR owning 80% of barryroe at the moment and LOGP 20%, there's an assumption that LOGP's SP should be a quarter of PVR's. At present it's slightly less than that. It doesn't look like there's much value in either company's other asset(s).
Given its smaller size there's potentially more chance that LOGP could get taken out.