OGtourist, thank you for sharing your work. Stag has been a concern for me ever since the $60m infills at the end of 22. With present production @2200/2300, the $70m opex for 24, another costly infill in 25, unless oil hits $100+ premiums, it's a waste of tine. The PM infills have been more successful, but I expect a rapid decline, H1 24 numbers will reveal all. Montara and Stag opex at $60 a barrel, 1.2 million unheddged barrels in Q1, JSE really needs a healthy oil price, and Akatara to deliver on schedule.
The Jan 15 RNS brought Stag into focus, and with Montara, JSE has nearly 50% of current production with each barrel costing $60 to produce. Blakeley is now trying to reinvent JSE, but the company is only 5 years old and each RNS gives the impression he's making it up as he goes along. They could have made a change of CEO in a respectful manner, all stakeholders are now feeling the pain.
The market lost confidence in Blakeley a long time ago. This was a minor 30 barrel oil spill that has been totally mismanaged. Twenty months on the company is limping on crying out for new leadership, everyone but the Board and Roxi can see that.
That's the thing, there are no institutions selling, volume is low , there is just no reason to buy.
Just bought 643@£15.55. First purchase, been watching a while.
From Monday's call, current production 23k a day and 21 million PSU's to come over the next 2-3 years.
DW is on GB News this morning with the combative Andrew Pierce.
No news for Q4 dividend due in March.
A year ago JSE had $123m net cash, so the destruction of shareholder value is off the chart by Blakeley.
Nalakapala, before venturing into character analysis, find out what an oxymoron is.
Anyone else bought shares today, or are you all too busy on here bellyaching.
Buying opportunity and I don't invest in boring dullards.
Amid today's market turmoil BP outperforming Shell by over 1%. Results in 3 weeks, expecting nothing drastic but a definite shift in nuance.
Auchincloss is top drawer, I think it will take a while for the city to appreciate his talents, but after the Looney schmooze BP now have a credible CEO who has shown his commitment to O&G and improving shareholder returns.
Roxi, there is something wrong with you. Are you not embarrassed by being so wrong everyday of every week. There is a reasonable chance that you are going to lose a lot of money here, and unfortunately for you that is the only way you are going to learn.
Hold your horses, you said there would be a 6.6 pence dividend from JSE in 2024. 12 days into the year and you are already in reverse gear. Starting to think you've cursed this share with your relentless stupidity.
There is a serious disconnect between the BP share price and the combined readings for Brent, Ftse100 and £/$ rate. Expect 10% dividend increase to come with results.
He hasn't bought any since he said 90p was a bargain. Talk is cheap.
ITV should make a drama about UKOG. The public vitriol directed at Sanderson would be his just desserts and karma. The problem would be finding a big enough slimeball to play this pathetic creature.
I recall being staggered when there was 1 share for every person on the planet, now it is 4. How long can this farce continue, it does not say much about the regulatory bodies operating in the U.K that a toe rag like Sanderson can continue to mug off punters year after year.