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BBB...Rule 14
Rh+ standby for a surprising AGM Sept 15 th 2022 - I am positive there will be news on dividends - ignore the evangelistic clap trap from the Anorak Financials - PetroTal has sound Financial management and is in good hands - the old doomsday financial anoraks with the endless Hedge, Buy backs, dilution bonds , puts, calls ........ boo hoo sermons is utter nonsense - PetroTal have a unique situation in Peru and are tailor made to deal with it thanks to the CEO Manolo's back ground. Wait and see the fireworks at this AGM 2022.
Clearly you were fast asleep at school - but then again you chaps dont really run classes on commerce and Business Economics do you ??? - And - sorry have to AmeriKanize SKOOL for your comprehension.
Wow - who would have thought - another arm chair Financial Anorak in gibberish overdrive. So sell clearly the company is good old vanilla flavor - no whizzy bang gimmicks puts, hedges, options, share buy backs ( which the SEC wants to stop as it is cartel price fixing)........... I do luv that PTAL management so much - can not wait for the AGM financials to roll out giving the Granny club that electric arm chair feeling - here is to throwing the switches on you 15 th Sept.
Dividends imo would be the worst use of free cash possible for this company.
Hopefully it has enough other opportunities to spend the cash on, and after that then share buy-backs because I believe that the shares are markedly undervalued.
Returning money to me in dividends is also less tax efficient and if I thought I could take the money and invest in a company that offered significantly better risk/reward in what increasingly looks like a high inflation environment then I would sell the shares I own and do it.
So do we expect to be able to repay the bond at the end of this year and be debt free? Then lining up for chunky dividends next year and beyond?
Broker note 5.7.22
''High production and cash. Another good well result.
Increasing production guidance. • 2Q22 production was ~14.5 mbbl/d. This is above the guidance of ~13.5 mbbl/d and our forecast of ~13 mbbl/d.
Total cash at the end of June was ~US$77 mm, including US$16.2 mm of restricted cash. Estimated accounts receivable and accounts payable at the quarter end were respectively ~US$88 mm (including ~US$54 mm of trueup revenue expected to be received in August) and US$50 mm. The cash position is well above our expectations of ~US$40 mm
Valuation
We continue to cautiously forecast only 16 mbbl/d production in 3Q22; which suggests some potential upside to our numbers.
We forecast that YE23 net cash will represent 80% of the current market cap.
The shares continue to offer deep value and growth.
We are increasing our target price from £1.20 per share to £1.30 per share as we incorporate the increased production and strong financial position''
With brent at current prices PTAL are literally printing money even with restricted production ...guidance may or may not be hit (it's guidance) however, even a short fall on the guidance will still see massive cash flow for a company of this size with even further upside ahead when flows are operating at full steam .
Without dilution SP would now be >57 p instead of 40.
People thinking dilution shouldn't be avoided if possible....
"But where would CAPEX come from if not from dilution (and cashflow)"? 100 mio USD bond e.g.
As I've said before, you don't understand hedging, puts etc.
Stop whining about things you don't understand.
Go to school instead.
Oh goodness me - how can that be - the 1% club - that same 1% club at PetroTal management that did not grab the hedging solution u put forward - Wow - I am there with the boys at PetroTal management - oh my - never despair Sturmy old FISH there is always your Warrants boo hoo to fall back on - now that u get the cash flow sans Hedge is massive cash flow and there really is no such thing a zero production at PetroTal - not with the 14000 - 16000 BPD - Never mind - cheer your self up - use the link to see real USA hedging falling apart big time - https://www.usdebtclock.org
Absolutely a cash monster at these brent prices even with lower production. However I think we all (well 99% of us) can agree that the SP will be higher if they reach, and better still exceed, their guidance. It's also about future trust and confidence.
With brent at current prices PTAL are literally printing money even with restricted production ...guidance may or may not be hit (it's guidance) however, even a short fall on the guidance will still see massive cash flow for a company of this size with even further upside ahead when flows are operating at full steam .
Anyone owning a calculator or just pen and paper would know guidance is 5.6 - 5.8 million. Expecting less is something you would if you dont know the case and the company. It also and explains why shareprice drops when production is lacking. And they're not ahead at this time.
Obviously it's impossible to explain to you why 45% dilution is worse than costs from hedging eg. via puts. You get to keep the upside. 99% on the board gets it. You get to be the 1%.
Dear dazed and confused Granny Sturm - so now you changing your tune huh on the Zero production - now all of a sardine production will be a possible 4,2 million barrels 2022 and now your hedging jumps back in to the past 2019. Imagine numb nutz the total loss of revenues from that date to present with a hedged price - read surprised's posted link - educate yourself - and as for Native Anthropology - just who are the Dudes shooting arrows in the jungle - we are all well aware of the American Genocide of native Americans in the USA - so no surprise there on the total lack of American intellectual thought. Where that rant of yours about PetroTal being OUR company because we hold shares and why is management not doing what u want - Pathetic mate u really are. Getting a banana to rot would be a huge leap forward for Americans. Now do the usual US brainless and shoot everybody because u dont get your own way. Clown.
Broker note 5.7.22
''High production and cash. Another good well result.
Increasing production guidance. • 2Q22 production was ~14.5 mbbl/d. This is above the guidance of ~13.5 mbbl/d and our forecast of ~13 mbbl/d.
Total cash at the end of June was ~US$77 mm, including US$16.2 mm of restricted cash. Estimated accounts receivable and accounts payable at the quarter end were respectively ~US$88 mm (including ~US$54 mm of trueup revenue expected to be received in August) and US$50 mm. The cash position is well above our expectations of ~US$40 mm
Valuation
We continue to cautiously forecast only 16 mbbl/d production in 3Q22; which suggests some potential upside to our numbers.
We forecast that YE23 net cash will represent 80% of the current market cap.
The shares continue to offer deep value and growth.
We are increasing our target price from £1.20 per share to £1.30 per share as we incorporate the increased production and strong financial position''
at $88oil, ptal will generate $260mill in cashflow this year, that's in their recent presentation..price is dropping because the price of brent is dropping but people need to realise that this is a monster cash cow even at $88 brent and its at £94 at present.. do the maths
Well 11H was put on production June 30, 2022, and has averaged approximately 9,550 bopd over its first four producing days with an estimated payout in early August 2022;
Q2 2022 oil deliveries for export via Brazil were a record estimated 1.15 million barrels (12,600 bopd) and are expected to further increase in July 2022;
The latest four-day average production ending on July 3, 2022, was a record 22,376 bopd, with a peak production of 26,000 bopd. To accommodate sales availability, the Company expects to maintain production between 18,000 and 19,000 bopd with Brazilian exports increasing until the ongoing Northern Peruvian Pipeline ("ONP") repairs are completed, which is expected by September 2022;
The final Brent oil price for the 719,961 barrel lifting from Bayovar, announced on June 16, 2022, was $114/bbl using the average ICE Brent oil price for the final ten days of June 2022, inclusive of usual pricing adjustments, thereby finalizing true up revenue of approximately $53.9 million, which is expected to be received in August 2022;
Total cash at June 30, 2022 was $77.0 million, including $16.2 million of restricted cash. Estimated accounts receivable and accounts payable at the quarter end were approximately $88 and $50 million
"PetroTal has now achieved its seventh straight quarter of production growth and has delivered another production record, growing 21% in the quarter. 11H's early technical assessment estimates it will achieve an investment payout by early August 2022 at current Brent oil prices and, like our other wells, help deliver a robust free cash flow profile thereafter.
Given our strong liquidity profile we are actively assessing the Company's ability to put in place an accretive shareholder return policy upon payout of the bonds, which we look forward to communicating about later in 2022.
https://www.lse.co.uk/rns/PTAL/q2-2022-operations-and-liquidity-update-087dr64ie1u04zk.html
'Malcys Blog
Yet more good news from PTAL this morning as the price adjustment revenue adds some $60m of gains. With all options open on delivery optionality with regard to Bretana oil the numbers at PetroTal certainly sparkle, as ive said before, Man I love this stock…''
So a #PTAL forum is about sharing links on Columbia cave paintings, banana 4 brains?
Hedging was needed back in 2019 when debt was high and cashflow needed. Poor management dilluted shareholders back then bco. lack of hedging. This is old news. Like 99% of what you provide this BB with. Outdated news. Lack of knowledge. 3.2 million in 2022 when they guide much more? You're a joke. You dont understand the company and you contribute with nothing.
Corry - of interest in the "where they from" check out the link on cave paintings Columbia - guess date is "Ice Age" 12 500 years ago.
https://www.dw.com/en/spectacular-ice-age-rock-paintings-found-in-colombian-rainforest/a-55960718#:~:text=Science-,Spectacular%20Ice%20Age%20rock%20paintings%20found%20in%20Colombian%20rainforest,more%20than%2012%2C500%20years%20old.
Really dont get what a forum is all about do you - Maybe if you hedged your position u would have no ZERO comments aimed at you.
But thats how u r wired right - crazy - hedge oil sales at some idiot guess a barrel but the market is paying $95 +++ and squeal about zero production figures but so far the company has produced 2.5 million barrels and will probably produce about 3.2 million for the year - and then u boo hoo hoo when kicked in the teeth with facts - so sad then viable - presumptuous lord & master deems it that he speaks for me and apologizes on a free speech forum - fantastic I am adding Anorak to granny club. Hello Granny Anorak Club - have a great day.
Certainly a different board now than it was 8-9 months ago.
As they say, one rotten banana spoils the whole barrel.
Not that I want t open a can of worms but as an ex-Hartley (now Chegutu) and -Kaapenar resident I would like to apologise for a fellow-countryman's innuendo. I well remember the whining/whingeing behaviour after Ian Smith was abandoned.
UK's accommodating generosity should never be overlooked. The population continues to contribute.
Surprised - Fantastic post - super thank you - BUT - I am wondering - do you know whats has happened to all those Zero production days - where have they gone - whats the poor granny club going to whine about now.
Do you think PetroTal should chuck them bone and slip a few zero's in here and there to keep them groaning.