Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
I don’t think you quite get that we’re investors for the long term. If you couldn’t shake us off when it dropped to 26p then you won’t shake us off now. We’re not here for 2% on a trade, we’re here for 300%
OPEC will do what OPEC does, I’d be surprised if they increase supply given the comments from Saudi but even if they do it’s 1 million barrels. US has been dropping by +5 million almost every week. This won’t make a difference.
“Those who are trying to predict the next move of OPEC+, to those I say, don’t try to predict the unpredictable,” Prince Abdulaziz bin Salman said.
I interpret this as, try to bring the price down and we’ll push it back up. Also he warned producers to to become complacent with production I.e. keep to your quotas
Made a fundamental flaw in that calculation. That calculation was for jubilee only, ten produces around the same so the actual increased revenue will be
£130 million per year! With an additional £130 million per 10p increase per therm
Just to add to that;
Tullow produced 5383 MMscf of gas in November. A roughy calc on monetising these sales
5,383,000,000/31 = 179,000,000 scf of gas a day
179,000,000 scf is 1,790,000 therms
Uk spot price is currently £0.42 per therm. Just for arguments sake, let’s assume we get 25% of the uk price. £0.1 per therm. Gives us £179,500 per day extra revenue or £65,000,000 per year. That’s 15% of our market cap in extra revenue!
Obviously, every 10p extra gives us an additional £65 million
The disconnect is oil shares are being held down by short sellers waiting for oil to crash hoping to cause sell offs so they can make a quick (unjustified) buck. When it doesn’t they’ll exit their position and start to put price targets that they can make a few bucks on going up
Dickie, we’ve already been at 15p, and 8p. You honestly think your feeble attempt will scare us off :)
This is going up, the less shares in circulation the faster it goes up. The faster it goes up the faster the shorters try to close bugs guess what. Less shares in circulation :) goes up faster