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I avoid cluttering the board with minutiae other than to say our thorn, James Perez, is being (terminally) threatened by Puinahuans because of his interference . . . and inevitably Mongabay have taken up the cause. It is notable that great numbers well outside the affected downriver area are claiming compensation for the barge spill. Consequently the UK insurer is not paying up.
Hi Viable, just following up on TXP and what you meant by o/t? You made a comment about the company and I'm keen to know what you meant by it? You don't need to mention sources - I'm more interested knowing what you believe the risks to be for TXP, as it looks ready to re-rate quite heavily providing they deliver on Casc 2 & 3 wells in September. No reason to believe they cannot do it given they already have 2 producing wells from the horizon. Your thoughts would be welcome.
I reckon o/t simply stood for off topic as I saw his post too. Tbh I think you have a pretty good understanding of where they are ATM. You should get on the discord site as there's a lot of knowledgeable posters there. Put a request in on the txp board. I'm on it and it's good.
Btw, the risks are simply the decline rates. Where they level off and how many wells are needed to achieve output is what has spooked the market.
Quite disappointing here. Brent has been averaging ariund $85 all quarter, which is a good 5% higher than Q1. And we have an extra 900bopd that can now be added to our production profile for 2024. I get that we have some higher Capex then anticipated for erosion control, but we're churning out more cash than ever before, the natives appear to have settled down, have close to $100m in cash, and a +10% dividend. Struggling to see how we're under 50p let alone close to 45p. The incremental investment in erosion control is peanuts. Mgt had a chance to stimulate some value here and f@cked it by announcing a p!ssy dividend straight after they awarded themselves the same amount in shares. F@ckers need to remember they are meant to serve their shareholders, and not themselves. Figure we need to wait another 2 months before we get some decent news again. Hopefully some pleasant surprises next time. GLA
Hello GiGi old chap - great post but u want to wail a little louder - today GTE rocked up US$0.78 to $9.28 - and really all they done to their company that is in worse financial state than PTAL is reverse split and relist - GTE P/E is 103 and market cap 290 million US $ - I can't wait for the granny crib to wade in - what a fantastic rise today PTAL 0.2p = that should trigger another 4 million PSU awards this week
GTE SP has nothing to do with the reverse split and everything to do with the fact, that they're returning capital to shareholders via huge buybacks instead of dividend - and had nice results at Arawana etc.
I wonder why you think it's worth more owning 1 out of 10 shares instead of 10 out of 100. Buying or selling 1% of the company is the same price. I think you forgot why you wanted the reverse split in the first place (uplisting, which isn't happening) and are now so focused on the means to this end, that it's become a goal in itself.
Amazing to think we can buy in the 45's with ex-divi just around the corner. Absolute madness with Brent at $85 and +900bopd just purchased. If we drop by quite a bit post ex-divi I'm going to jump in a bit harder. Getting silly now.
Herr Strumvogel - clearly stated in post - reverse split and relist - Und mein herr ich segen weer - need the SP above $4 to relist NYSE - NYSE is a market that is out of the swamps and on the radar USA Institutional investors who will grab and run with PetroTal shares because of cash flows, market Cap and dividend - the lets glue ourselves to the flood defences mentality on "Buy Backs" at the Petrotal loading docks Peru is having no effect on the SP old chap Anculia clubbe - Time for a change of plan - And as for the Malcy's blog SP reaching $1.53 well now that's up there with the second coming of Christ - if it happens this year that the SP reaches the dizzy heights of 70 pence I shall buy a pair of gumboots unpawn my African Bush Baptist kit grab my sheep crook and perform a Boolaah Boolaah dance in Trafalgar Square.
GGG, the main issue is yields are very high on the London stock exchange. It also looks like the rolling 12 month yield will fall after the next dividend announcement. It's now looking far more like the "base" dividend while the river work is financed.
Still it's a healthy one, and the company should be able to easily support that. Happy to keep taking the dividends, but we need sales increasing to advance rapidly.
It's great value (dividend wise) at this price IMO, but traders aren't necessarily here for dividends.
Markets are just subdued at the moment