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reminds me that the cost of those salta wells versus expected output has always struck me as on the expensive side.... and sundry production outages still an issue..so disappointing RNS imho.. and doesn't surprise me this s/p comes off a little this morning.. at least at these - very - lowly s/p levels it's hard for anything to move the s/p down meaningfully further !
Gotta try keep the positive hat on. Not selling out of this share without a decent bit of profit, so here's hoping that Salta delivers it's expected extra 750 BOPD, that Atome surprises us with something, and that PPC strike it big in Paraguay.
Trying to stay positive, but not sure my stubbornness/myopia is the best thing for my bank balance, still let's roll the dice and see....
Yep,
It's been the same old story with President Energy for some time now. There were a number of positives in the first half of the year but we've had relative quite since then. Not obvious why they want to keep quiet if there is good news to share - simply bizarre imho.
PL has promised good news(jam tomorrow) in terms of Paraguay, At one and drilling in Salts in the second half of the year. The recent Paraguay news doesn't seem to have moved the sp.
I'm really hoping the have been saving some great news for the Investor call in two days time. Otherwise the sp will just stay stuck where it is. I believe behind the scenes a few things have happened - new Director and PL has set up a couple of companies - but no real news affecting President Energy and growth.
I honestly don't think this is a £37m company. I've heard £100m quoted at lower gas and oil prices and production than is currently the case but I think further good news, initiatives and something 're Atome, Paraguay and Salts are needed plus some other deals to get this sp substantially up.
Hat on for now but it might get cast aside if this week's Investor call doesn't deliver. Here's hoping.
Atb,
Northern
Gas prices go through the roof, the POO is high - and President’s sp falls. You may have to pull your positive hat on a lot tighter.
here's hoping for lots of good news later this week and to get the sp back over 2p and heading towards 3p.
You can only dream!
Atb,
Northern