Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Ammu - STOP flecking ramping .
I January have been long here for ages, as you know. But you are taking the pee with this continued ramping. Then you go the other-way when you sell - I have NO time for fools like you !
Do you honestly believe that you have any influence over the SP ?
Just stop it or I will stick a boiled egg down your underpants.
Some of the guys here have very valid points and assumptions.
However I think you are right in your "take-out" of the situation.
Simply Enquest need only $38 for POO to survive . But US shale and SA need a lot lot more than this ! Therefore they will "blink" first pushing POO above our breakeven in the near term. Well before Enquest may need to think about cash issues .
5m in assets and paying around 11% dividend.
Been around a while too !
Just noticed the directors are holding a big chunk of shares as well.
Interesting - will keep on my watchlist.
Will buy when blooody oil goes back up and releases me some cash ! lol
Only 5 measly trades all day!
That's a problem.
AA your point about going private is always a possibility with small fry like this . Which is why I posted you can buy this company for less than it's cash. Maybe someone will . Going private would make sense to me !
Buy the company for 25 million. Take the 30 million out the bank then close it down. Quick 5 mill thank you very much. Mmm maybe there are issues here ? Surely it can't be that easy !
Nah Better investments elsewhere.
Some idiot on here told me that the SP here would not go below the cash value. They were wrong so they should one Neil before me.
Great ! The oil majors are going to ;
Cut cut cut lads.
Cut your budgets cut your production . PRODUCE a lot less oil ,along with medium and small producers. Send the drilling teams home. Better still those lads will end up getting different jobs outside of the oil and gas industry as they need to feed their families. Cut cut cut.
Eventually when CV passes on bye and the lock downs are lifted. We will realise , as someone will kindly work out that we don't have enough oil !
Then watch it hit the fan !
You saying SP likely going to 5p.
You threw that out there again ! Did you eat something NH gave you ?
5p Based on what ? worst case scenario ? Our dear world rulers doing nothing !
One thing in life that is always constant is "change" lol.
World oil production is going to shrink big time too. It will also be affected by the virus and not to mention the huge number of businesses going bust or shrinking production ! The weakest (oil producers) will suffer most as they always do in life ! Enquest at this time is NOT one of them.
I am suspicious as to why you have turned so negative and choose to ignore the obvious market situation. Which, I am sure, that you are clever enough to work out for yourself !
Have you sold out ? That would explain your turning !
I say this because you know that the market is NOT just made up of the demand side. Yes we anticipate large falls in demand. However we do not know yet exactly how big or small they are !
Secondly you know as demand falls it has an impact on supply through lower prices and thus even further falls in supply . This repeats until a market is back in balance.
The demand falls first followed by supply later, however eventually they balance.
This is the basic rules of supply and demand , which you know, but choose to ignore.
The timescale for this will be quicker than most realise as production also begins to fall off a cliff.
Even if I am wrong and it takes a little longer, balance it will. History shows it always does.
ALL THE best
JAN
1 or 2 posters on here are showing signs of being really stupid !
Let me explain something ;
A long term holder means exactly that. An investor who is holding equity for the long term. It is really stupid for anyone to believe that by impersonating a Chihuahua and snapping at people's ankles that they will change their minds.
Indeed Long Term Holders have 2 options in dealing with the said Snapping Chihuahua. The first is to ignore it and switch on the filter button. The second one is if you ever meet the said snapping Chihuahua in real life. Do what comes naturally with these snapping dogs. Give them a damn good kicking ! Never let them bite you !