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Krok still awaiting your list of companies if you could kindly mention them ?
A few talk about the negatives which hardly make a dent on our balance sheet, still waiting for anyone that can show me any other other companies producing on the same scale, with no debt and cash matching regal !!!
Shes a tech trader mate VAS is irrelevant in that respect.
Regardless & as discussed countless times, VAS licence is only for a tiny part of the RPT reserves with 1.8 MMBOE remaining (compared to the MEX-GOLD and SV at 50MMBOE), plus it seems like the hearing has been pushed to one side for now. I also think your valuations are way off the mark when looking at current production and cash. If we look at this year alone FCF at c.$35 m which presents quite a staggering yield at the current EV.
VAS cpr due imminently will hopefully give it a kick and hope further clarity on a number of accounts following the AGM, especially how cash is spent.
Has ND even considered the outcome of the VAS hearing, a chartist who has done Zero research who has been asked to give it a plug I think........with VAS its 57p no VAS and its 43p on current production inc cash IMO, unless anything material changes it's just a technical trade at 36p to mid 50's with a hearing weighing it down. Things change but good luck if you are in here in a big way JKX would seem to be the route I would take but I'm not in either ATM.
Confirmation above 42p , cash update in a few weeks.Can see this back into the 60s! Krok you say you hold around 50k worth of stock and don't believe we will hit £1.2s. You mentioned our peers which companies are you referring to? We are trading at peanuts compared to a few I've had a look at! I await for your list of companies only I want to buy if there turning more cash and producing the same amount of oil and gas than regal.
krok,
She's anticipating a short(ish) rebound to 60+p which is where you're at.
And with a supposed 700k+ holding, you should welcome this Chartists opinion, even if her longer term vision is debatable.
Not sure what's behind this excessive optimism - a mere wishful thinking, naivety or something else Has nothing to do with reality 60-65p this year, one way or another, and we are lucky. No value currently above these Regal is already more expensive than pretty much all of its peers
This is a share that many will be monitoring. Cash rich, debt free , the valuation looks very good at these levels.
I like the sound of a share price of £1.23....but that will take assets, not charts. It's an MCAP of ~£350M.
I can't see Pinchuk letting it get ANYWHERE NEAR that kind of SP....unless he just wants to sell.
Propably unpopular, but there's my opinion.
Good post rocker1, just wish I fully understood what she was saying!!
But I got the drift and you can see that rebound shape forming...hopefully it's not a mirage!
Chart up on Twitter target £1.23 long term this women's amazing at chart analysis
Looks like a negotiated buy. Can buy only limited amount of shares at 40.23
Get a life mate !!
Not having Pinchuk on board is very bizarre indeed, mentioned this already Will see how the AGM goes in two weeks’ time
Maybe that's a reason why Pinchuk (or someone at Kelda) isn't taking up a board position. They'd have to have input on a decision to give Pinchuk 28.6% of the dividend amount... looks bad on paper, if not an outright conflict of interest.
Gazprom, the largest gas producer, is up 50% YtD, mostly on increased divi news In the environment of low gas prices, that’s what we need from Regal as well. Pay a decent dividend
It’s staggering that RPT remain in the low 40s given the fundamentals - patience required back up to 50s + Without anymore news this should rise but with recent appointments can only assumed plans afoot as to what to do with the growing cash pile - given that they are debt free this continues to be a good entry point or a time for a top up.
I have by now accumulated 750k of RPT shares, the largest holding in a single stock ever Need 50% gain on this, before year end
Starting to get some traction now. Has to be at least 60p soon surely especially with the cash they are making.
Showing as sells , chart looks primed for take-off after months of consolidation.
I was expecting a bit more chat than this!
Link to report: http://www.regalpetroleum.com/uploads/regalpetroluemar2018.pdf
Highlights (for me)
Aggregate average daily production from the MEX-GOL, SV and VAS fields over the year to 31 December 2018 of 3,391 boepd, which compares with an aggregate average daily production rate of 2,235 boepd during 2017, an increase of nearly 52%
Aggregate 2018 year end production of approximately 4,377 boepd, compared with approximately 2,811 boepd at 2017 year end, representing an increase of nearly 56% during the year, largely as a result of the significant contributions from the MEX-109 and SV-2 wells, which were operational for the full year, and additional contributions coming on stream during the year from the SV-12 and VAS-10 wells
Reserves upgrade at MEX-GOL and SV fields announced in July 2018, approximately quadrupling 2P reserves to 50.0 MMboe, enabling an enhanced development programme for these fields
Revenue for the year ended 31 December 2018 up 88.3% to $66.1 million (2017: $35.1 million)
Gross profit for the year up 216.7% to $34.2 million (2017: $10.8 million)
Cash generated from operations during the year of $36.8 million (2017: $18.0 million)
Net profit for the year of $54.3 million (2017: $2.3 million), including a one-off item of $36.1 million relating to impairment reversal of oil and gas development and production asset (as a result of reassessment of the remaining reserves and resources at the MEX-GOL and SV fields as at 31 December 2017)
Cash and cash equivalents of $53.2 million at 31 December 2018 (31 December 2017: cash resources of $30.2 million comprising cash and cash equivalents of $14.2 million and short-term investments of $16.0 million), with cash and cash equivalents at 25 April 2019 of $63.7 million, held as $24.2 million equivalent in Ukrainian Hryvnia, $30.0 million equivalent predominantly in US Dollars, Euros and Pounds Sterling, and $9.5 million in short-term Ukrainian Government bonds
All pretty much known based on interim numbers but still nice to see it via RNS and on the Regal website.
It’s very hard to buy this am NT on any amount 39.80 are all buys.
Still a long way for RPT to go to reflect a fair price - so watch this one fly and it should go even further with a decent RNS (investment news, divi policy etc)
Great day long may it last and not before time.
Good uplift today.too cheap at these levels.GLA