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Not generated any buying interest I can see, there is stock on offer for the perma bulls if you haven't added already GLA
Asume that's ppc broker, find these targets r wast time, not sure how it comes to get price 4.5p, no doubt ppc is under valued,
Peel hunt have put a reiteration out today BUY PPC with target price of 4.5p
https://www.etfdailynews.com/2022/05/24/peel-hunt-reiterates-buy-rating-for-president-energy-lonppc/
ATOME up 13%, holding now worth £11.5 mill
Markets taking everything down at moment, real down trend at moment,world resession looming, great sector this company oil gas both gas oil prices high, cash rolling in and atome in green energy potential multi bag in time once markets recover my views.no volume lately all no seller off loaded again today.
I remember a number of years ago when all the junior O&G company's were struggling to have a decent MC. Then when the market decided they were showing real growth they took off , it was that light switch moment.
grsshaw we cant say they are not keeping us informed, up to investors to believe or not.
Workover rig performing completion at PG-13 well in Salta, Argentina ????
https://twitter.com/PresidentPlc/status/1527243796051808257?s=20&t=iHcUEiMdookjOmu16ozlHA
Picked a few more up yesterday - will keep looking at under 1.7
Good Luck
Without a doubt under priced, word will get round and these prices will be history. Must also remember we are cushioned here if the price of Oil goes down ( not looking likely in the near term ).
louisiana is heavy crude at WTI prices less 10% . so around $100 x 300 $30,000 per day. not bad for a few nodding donkeys. thats $10mill per year... Im thinking 50% nett. that alone is worth $15 mill on market cap... this is defo undrvalued
The USA must be pulling in nearly £1m per month alone at these prices and although the Argentinian prices are lower, I’m sure it is a significant revenue stream. It’s all rather positive and not reflected in the SP. Figures later on in the year should yield some improvement.
GLA
That's why ppc not get valuation it should as argentina pricing is not in line with oil prices, more they can export out better
Also ...... Average oil price received in Rio Negro of US$54 per barrel which has since the quarter end increased by 8% and is projected to increase further this year. Every little helps as we move into the winter months where we tend to get paid more.
Not all the production.
·"President has received approval from the regulatory authorities in Argentina to export approximately 19,000 barrels of oil being part of its Argentine production this month at or around international prices;"
Also Louisiana is closer to international pricing.
If we were receiving $110+ bopd we would not be priced at 1.7p. :-)
average brent price in qtr 1 2022 was over $115 per barrel and PPC get only $54... that is a total rip off
Morning comeonvog
I hope so on the timing front as it always nice to buy at low prices but I'm looking for a minimum of 4p before I start to reveiw my position as will always top slice a few when 1 or 2 bagged my investment. Purchased a few more this am @ 1.67 but waiting to see what the general markets performance is over the next few days before any more buying.
Good luck!
grsshaw i think perfect timing , genuinely looking forward to June FYR and more details of this years drilling campaign. Think were on to a winner here now IMO.
More than happy with the update and glad it didn't shoot up too high as I'm still working on building my med term holding number
It is very clear this is so undervalued but while it remains at this price it certainly helps me personally in buying under my target at 1.7.
I have already managed to purchase just under half of my target and I will try and secure this before the end of this month but only if the price is under 1.7
Good luck!
that President can keep making the sort of progress they appear to be making and the sp doesn't respond. At some point and a few lucky breaks this sp must surely start heading northward and be at least double what it is now.
Atb,
Northern
Could have done with this update two weeks ago , markets have gone very quite with current global conditions. That said if your buying stock this is a very good price to get in/build a position for the next 6 months. Personally i'm happier today with the financial position than over the last 12/18 months and we have plenty of projects to be getting on with to keep an interest.
Seems to have been largely ignored by the market because the 14% rise in Atom accounts for much of the rise in PPC alone. One day the market will cotton on , probably needs a divi or a buy back.
@Brasso- I had done my calcs before I had eaten my weetabix and had used 1 billion shares in issue instead of two billion. D'oh! That's a few years behind the times. I remember being mad when it got to 1 billions shares, and now it's 2 billion+
Had breakfast and coffee now so my head's a bit clearer. My SP calculations were an overestimation (double) but the sentiment remains. This is a really strong RNS. It's great the Argentine production figures will be released Quarterly. It's fantastic how much cash Argentina is generating. The market cap is way too low at the moment. Q2 production figures will be better than Q1 with the four new wells coming online. It feels like PPC have turned a corner now. This could be the start of a long climb back up to a respectable SP.....
Got to say i'm happy with today's update on financials, I will now be looking forward to our FYR in June.
· The results do not include any beneficial impact from the successful new wells in Salta. These are expected to positively impact results from this current Q2 (see below)
Louisiana 350 boepd , impressive.
Think we are finally on to a winner. Now Peter do a buy back with some of the cash .
Seems as if we may have to wait until June when full years results are published for the market to cotton on to whatever is stated in outlook for coming year. Patience is obviously needed here.
Darian
I was responding to a post from Drichi:-
'Market cap should be at least $100M I reckon which = 8p a share. So hey even a $50M market cap would male the SP 4p (which is a very low valuation by most multiples of EBITDA)'