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I believe that may be a 52wk high? Good to see some strong volume this morning to support the rise
tanks you guessed right.
I don't want to spook anyone.
Officer, Arakhamia is one of the most odious Ukrainian politicians, famous for many bull**** ideas
Georgian by nationality, born in Russia, lived in Sochi in the south of Russia, moved to Ukraine, then to the US, then back to Ukraine. A friend of Zelenskiy, apparently
More of a clown than a politician for me but anyway
I reckon you mean his latest proposal to limit gas tariffs for businesses
Seems that he is lobbying someone’s interests here. Probably, a large gas consumer. Rumors are that it is Firtash, who stands behind him. He has a large fertilizers business
There will be plenty of powerful oligarkhs and politicians working for them who will be strongly against it
This will definitely not help Ukraine to get further funding from the IMF and EBRD, on which the country relies a lot
This will not help to become self-sufficient in terms of gas supplies
And so on and so on. Plenty of reasons against it
So, highly unlikely, in my way
Opps doesn't work with the characters. David Arakhamia Head of Servant of the People faction in Ukraine.
Should have read. Would be suicide for Europe and US financial support of the State.
Krok,
had to ask this... What did you think of ????? ????????'s opinion of gas market in Ukraine.
I that wold be suicide right? In terms of US
They said they will check V-22 V-21 and V23..
Why release info in partially finished job.?
Significant delay more likely means bad news
If you have an inflow of hydrocarbons, particularly, gas, you know it pretty much instantly
If you well is dry and you need to perforate another horizon or do something else - this takes additional time
Just another boring day .Let’s see when due the imminent test results.
I expect no bad news because in my opinion the significant delay ( > 50 days for test is a long time) rather to good news means.
It is a fair reference point
ENW’s TSO are approximately two times that of JKX
So equal share prices imply that ENW’s MCAp is two times JKX’s MCap
Justified in terms of reserves. Not justified in terms of production and cashflow
No relevance then..
Obvs referring to SP
Are they? ENW's market cap is circa 80% higher than JKX
Neck & Neck this morning
Both ENW and JKX have pros and cons. I have been trading both for several years. There were times ENW looked much better (some factors mentioned above), at some point, however, JKX looked better
So it was a stupid strategy to buy and hold for . I bought and sold both of them several times
Now they are pretty much on par. Both are driven primarily by gas prices and associated revenues. Not much to do with company specific factors
Both can go up to 50-60p. Both have risks, which can do harm to the share prices
If gas prices return to where they were a year ago, prices can easily drop back to 20-25p. So it’s crucial to exit at a right time
Merger between the two? No way, that’s for sure
Big driver in 2018 was the P2 going back up. Which was probably staged with the relaxing of tax laws.
Which was then ramped on and the gas price and then take-over stuff.
Perhaps the SC drill will get the P2 up there is enough C2 in the field ~100M BOE.
Perhaps let the company do the RNS and ramp or not off that.
Otherwise disappoint drags things down more.
JKX is a separate thing doing great. All the hyping there means now the T20 brigade are being cleaned out and low SP.
ENW less hype meant clean out was quicker.
Personally I'd like a merger. JKX could perhaps teach ENW a thing of tow about drilling cheaply!
As for Barron... Just your typical lying trader. Never admit to selling did he. Guaranteed he was selling al the time at 60p whilst saying buying another million. Don't know why all the idiots he connect lionise him! They paid for his retirement IMO.!
Not sure basing previous well results is a surety of the new well results, hoping its much more! But its a benchmark at least.
Yes need volume/herd to come back, obviously missing the Baron factor and the billionaire takeover from few years back that excelled the sp to 63p. I've tried on twitter to ramp ENW and recently on JKX BB to sway people to ENW but there are a few on twitter with big followings (sharemoney and slowie) that stick with JKX and dont punt on ENW purely because of the high capex. Sharemoney was in ENW but lost his bottle and sold out in mid 20s. And their followers are literally sheep. Very sad really, especially seeing sp movement in JKX last couple of days 56p to 45p and ENW bouncing back nicely from 36p to 43p. I did warn the JKX sheep that there's obvious flipping and last RNS had a muted market response even though cash build was very good, I noticed some big sells and I got suspicious, sp bounced following day was a clear bull trap and fast/hard sell off and sp fell back today to 45p.
I'm hoping that with a tiny free float it will accelerate the sp on very good news.
If we have 700 boepd from the new well, we should cross over 50p
Need a strong buying pattern to move further. JKX had one recently. Now it seems to be reversing
OfficerFigby - I know you dont know, was asking for personal target price (from Kroc & Oldholder) who are clued up on this company. Also all that jam from the Annual report is just usual stuff all companies stick in their annual reports.
Arden Partners has recently released an updated research note with 70p target price. (I wish!)
This is what was written in the Annual report.
So some how they intend to get the production up!
Why we have a strong future:
¦ We see a growth market ahead in Ukraine as domestic demand expands
¦ We have a significant reserves base
¦ We aim for a production to reserves ratio of 7% (currently at 3%)
¦ We apply our skills and technology to enable us to produce at low cost
¦ We place great emphasis on safety and environmental awareness, and we design our processes to achieve accident-free operations
¦ We have no debt and sufficient funding resources and contingency plans to deliver our near-term plans
¦ We apply rigorous selection criteria when investigating new business opportunities
Barry, we don't know!. I would like it to go higher than 2018 personally!.
The most important thing is to sell when it turns - unless you want to wait till the next cycle!
ENW could learn how to write an appealing RNS. If they said what the revenue was this time and what the gas price realised was.. Along with the what the plan is.... We could have been 50p here already.
I think it on the website. Plan to move to 7% of P2 production.... like 10k boepd.
However, that seems impossible with current wells!
Turning SC in P2 could be a price driver. Perhaps!.
What target price do you guys see as realistic? Considering spot gas prices at ATH, Co producing 5100 boepd and hopefully increasing, previous sp ATH 62p at much lower spot prices, do you think we are still undervalued at 45p? Frustrating there will be no (special) dividends or share buy back, I dont know why they've decided against this, similar to JKX no divis or buybacks.
SC is very similar to what ENW already develop
ENW will not commence production there in the next couple of years
500-700 boepd is what they normally get from a majority of their wells. These are reasonable flow rates, it is just well depths which dont help
Selling and sold are not the same. It’s always pretty unpredictable
I am invested in both for now and not planning to sell. When you major upside is gas prices, not company-specific factors, it’s better to be diversified
Kroc - re JKX & YGE makes no difference now, as they're selling off Russian assets.
How do you know from ENW drilling we wont hit larger numbers than 1-1.5k boepd? SC is a new field and why not more from development wells.
Are you finished investing in JKX? if so why have you gone off it and stayed with ENW? Just interested in your thoughts.
Re JKX, Kolomoiskiy, on top of various issues in Ikraibe, is also on a sanction list in Russia
I am really surprised YGE has not been taken away for so many years
You can google what has happened to Russian assets of other Ukrainian oligarkhs