The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Todays North America market open.
Ex sister companies SP.
GTE (reverse split 10 to 1 last Friday) $433 debt - SP up $6.3
PTALF (no reverse split) no debt, great RNS, fantastic prospects AND - SP down -$0.55
?????
Gentlemen and ladies or both and my favourites AVIA.
The point to be made by a reverse split is LISTING.
Currently PTALF is OTC market share - Penny stocks - pink sheets - my reasoning is Market CAP is huge above the NYSE 100 million listing rule - so why be in the penny stocks where institutional investors are scarce - go large head for the NYSE.
To do that the LISTING ON NYSE the PTALF Share Price is too low - company must show that it has a closing price above $4 for three consecutive months and at least 1 million shares traded a month plus of course the +100 million$$ market CAP.
Hence the reverse split.
Push SP above $4 and list NYSE and get out there with the big players - buy backs will not do it- buy back half the SHARES AND YOU HIT A $1 WHOOOPEEE TIGER.
Can you see it now - I presume in my crystal balls are in operation so I think the GTE reason for the reverse split last Friday is exactly that so their 330 million shares became 33 million shares - and I think the next play from those sneaky bunch is an issue of shares.
And the cash from which will wipe out their debt (433 million $$$)
GTE posted a 3 cent loss added to this debt but still the shares moved up on daily production 33 000 BOPD after the split.
So CAN u not see it - lets draw the picture for you.
PTAL, no debt, tons of cash, dividend, 900 million + shares, stagnant share price on staggering oil sales 635 000 BO per month - WHY AVIA WHY - easy TOO MANY SHARES and not on the mid CAP NYSE boards - LSE listing is a back water GET ON THE NYSE - Reverse split the shares above $4 and list GET OUT THE PINKS OTC market.
GTE posted Q1 3 cents a share loss 03/05/23 - by all accounts I think a Reverse split was (100 to1) carried out and shares jumped 5% today - went from $0.61 yesterday closea to $6.36 on NYSE open today indicating a 5% increase - no brainer on the reverse split will jump start SP PTAL.
CNPC the next biggest oil producer are in the Talara Basin Block Vl & Vll- Block X is 30 km from the Talara refinery.
PetroPeru want Block 192 back on line for the estimated 200 million Barrels there hence the pipeline Northern section reopening - so far not talk about Block 95 - until PetroPeru makes definite noises about Block 95 I doubt there will be a hurry on with the ONP southern section of pipeline repair - latest BNAmericas news post has the Talara Refinery approaching full production 100 000 BOPD and no supply problems mentioned. Looks like CNPC, REPSOL, Northern Pipeline block 192 is delivering enough oil for refinery use.
I agree Toby - Sensible use of buy back funds - one hold up I see is Manus route I believe will reach a maximum viable oil shipment due to barges available and river levels fluctuation - added wells and production will have to push open the ONP pipeline for deliveries to handle the extra volume of oil produced - sticky times - still checking for pipeline maint news from Cathodica Columbia repair company and zero same goes for Petro Peru.
Dear "Avia Clava" dear friends Romans and countrymen lend me you eyes - Share buy backs to reduce shares in issue is not worth it - Logical thought says a reverse split on shares does it too - reduces shares in issue allowing the buy back cash to be distributed as dividends.
Hardly Rocket Science.
Sadly the cracker RNS failed to ignite the share price and move it up - definite driver of the SP down is the current Oil price downward spiral - $60 oil and definite 35 p SP - sea of red big holdings being sold - ADD Another Bank USA PACWEST BankCorp failure on the cards and the US debt crisis funding in Congress and it looks possible.
Great time at 35 p for swing traders buy back in.
ONP southern section reopening and production up to 25 000 BOPD RNS will shift back SP above 50p
Not gonna happen dat dere 10% zoom zoom up Bwana - not with with all them farm Yard Turkey sellers on the boards. makes u wonder about all the Brown/Blair education spendings - where ever did them Turkeys learn to read - hehehehe - roll on Boris the spider and Eaton/Harrow playing fields he hehe
Any doubters left that Manolo is PetroTal's driving force and worth all of his PSU's.
Uno Grande Hombre - El Patrone mais/muyo conjones - ole Manolo - muyo grande Ole Ole Ole Viva Manolo Viva.
Judging by the sell today - It has sunk in that PetroPeru has taken over Lot 192 and reactivating the pipe line that is the northern section of the pipoeline - Lot 192 to pump station 5 and from there on to Talara Refinery - seems PetroPeru have not reopened Pump station 1 to Pump station 5 the southern section - your own post says Cathodic Columbia are busy refurbishing pump station 1 - expect a RNS company on pipe line reopening southern section - and it remains to be seen on the northern section how long it operates before being sabotaged - Jan 2023 the same section re opened and got sabotaged 5 days later = Increased oil production ???? where is it going ???? Via barge Manus or pi[pe line storage ???? is southern section pipe line operating but for reasons of security not made public the reopening - Company RNS or do as I do ask them direct on the contact email address - U can also phone the Houston office they are quite chatty about whats going on - beat the bush Telegraph - go straight to the Drum man
Well done bobbles on the Diversification and tax avoidance - the sister company splits off from PetroTal - makes sense to ride both in a portfolio u would think.
And check the SP's both companies from the split date - not rocket science - and digging to find the blantant obvious difference affecting the SP is number of shares in issue - which has been a bleat from the granny Club with warrants and share buy backs and Rock my CashBar if a granny does not post what do shares in issue matter - Astounding.
Hang on thou got a good feel sense might prevail on a reverse share split - 2 to 1 will scream the SP to the £1 = level.
Keep up the logic - buy banana's
Yup Herman we truely are on the way with todays rocket ride SP - Rocket ship PTAL has hit a Flame out on the launch pad dont u think.
No ride up on the oil price rise - can u comment on that ???
or are u to busy scrathing your head ???
Oh Really Dear Addis old fruit SP and dividend not affected by number of shares in issue - is that what u r on about - banana's are brain food - suggest u buy yourself bunch and see if they improve your logic - no wonder u lot of Wailing wall grannies can not sort ur taxes out - no simple sums capabilities - Sad - never mind try the brain food banana's or use them to catch a monkey to file ur taxes for u - heee heee
Herman the German - I have both - I got the 2 birds in the bush while u have a bird in the hand.
Sad really how most investors can not see a diverified portfolio.
Grand Vista - that's why I posted - all the drivel on the web - most of it not real just AI gobble dee Gook - company metric and profits generate SP
Over the same period of time.
LSE PTAL - SP 36p to 45p.
NYSE GTE - SP US$0.74 to US$0.96.
Since the split Grand Tierra Energy and Petrotal - GTE is streaking away from PTAL.
Of intrest to those that have dual holdings will be the quaterly up date out 1-5 May will move the SP.
The metric comparisson is interesting.
GTE - 32k t0 34k BOPD production - Shares float 337 million.
PTAL - 17k to 20k BOPD production - shares float +900 million.
I think GTE is looking at US $1.5 - $2 by end August with OPEC+ oil production control price manipulation.
PTAL I think will struggle to hit 75p.
The number of shares in issue, delivery and transport is destroying the SP - Fantastic RNS and management but the markets do not like the uncertainty of Peru.
Spot on Riddles old chap - On the Oil price news OPEC+ production cuts, I think it is worth while topping up at 45p - Positive increase Cash accured Manus sales and a pipe line up date RNS/News posting has definitely a possibilty of lifting SP to 55p
This is intresting in that the figures quoted are huge cash flows and 18 cents US EPS - use link - Simply Wall St
Sun, 2 April 2023 at 1:26 pm BST·3-min read
Market forces rained on the parade of PetroTal Corp. (TSE:TAL) shareholders today, when the analysts downgraded their forecasts for this year. Both revenue and earnings per share (EPS) forecasts went under the knife, suggesting analysts have soured majorly on the business. Investors however, have been notably more optimistic about PetroTal recently, with the stock price up a worthy 21% to CA$0.74 in the past week. With such a sharp increase, it seems brokers may have seen something that is not yet being priced in by the wider market.
Following the latest downgrade, PetroTal's three analysts currently expect revenues in 2023 to be US$332m, approximately in line with the last 12 months. Statutory earnings per share are supposed to descend 15% to US$0.18 in the same period. Before this latest update, the analysts had been forecasting revenues of US$444m and earnings per share (EPS) of US$0.45 in 2023. Indeed, we can see that the analysts are a lot more bearish about PetroTal's prospects, administering a pretty serious reduction to revenue estimates and slashing their EPS estimates to boot.
Vista old buddy the banana can read - now the question is can u write - heeee heee
Vista - u really dont get it do you - Canada tax is 25% on dividends - If you havey W8BEN/NR301 the tax paid is reduced to 15% at source . Easy huh.
Now u will still have to deal with Uk taxes on your earnings from shares.
And Hoo Haa is Marakus, Noisy confusion, befuddled lamentations.
As for Clowns pretty apt description of those who lack the cognitive thought processes to reason for themselves hence the description.
So does village idiots.
There is a brilliant crossroads in Africa that is so apt at describing human nature of idiots -
It is the pass that looks down into the verdundant hennopps river valley and all its lush vegitation and wild life there - so the pioneers stopped and decided where to go and crossroads were name from this decision - It is still so marked today - niet Gedacht Left and Nooit Gedacht Right - right minded straight forward.
Those who went left have no thought incapable of thinking.
Those who went right have never thought of any outcomes.
You can see it Johanessburg head out to the lion park at Lanseria Airport and u will come to the cross roads has a nice resturant on the one corner - stop have lunch and see the human condition for choices - decider for your self or google the cross roads very famous they are in Clown/village idiot confusion.