The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Interview today https://www.youtube.com/embed/J7gI0YLhESY
Picked some more of these up on the cheap. Penny hasn't dropped over here yet...
Hi wraith, I will be holding here for at least two years, with a price target of 50p in mind. With Pageant and I suspect other IIs increasing there holdings, MMs will come under increasing pressure as news flow starts to be realised. From what I understand only 89 million shares sit in retail hands, I have build a nice holding here and I from your commments I suspect you have too. With Brent crude ralling, breaking 4 year highs yesterday , I believe PVR shareholders now have somthing to be seriously excited about. Re Newgrage, JOS speaks positively in the link below. It's a game changer in itself. https://youtu.be/1cltPuHZmDw
NT to buy, looking good.
Another 50k for me, with more on order. I suspect the MMs are filling in the background, should see some big prints later in the week.
Pageant Holdings Ltd. now holds 71,852,410 Won't be long now..
Managed to capitalise on inaccurate bearish sentiment here today. BV Massive capital projects have been put on hold for years, take Chevron Rosebank project West of Shetland as an example, it was shelved in 2013, and has just recently been sanctioned for development. Less then 8 exploration wells drilled off the UKCS this year. We find ourself in a perfect storm situation with oil prices rising, competitive rig rates and development costs low. Geopolitical BR is well placed and the Chinese mean business. Once the PR machine kicks in these prices will be long gone IMO. There are companies on AIM valued significantly higher, with pure exploration plays targeting lower volumes then BR, In remote risky areas with no infrastructure. Dare I say it, "Watch this space" lol
Just to put Barryroe in perspective the link below gives a view on the largest North Sea oil fields. BR could sit firmly on that list. https://www.offshore-technology.com/features/featurethe-biggest-oil-fields-in-the-north-sea-4836046/
Just to put Barryroe in perspective, the link below gives a view on the largest North Sea oil fields. BR could sit firmly on that list. https://www.offshore-technology.com/features/featurethe-biggest-oil-fields-in-the-north-sea-4836046/
Gone NT, Another 500k for me today at 1.58p market has this wrong. Just look at PVR's price action, Side note, Brent oil is about to break $80.
Few more for me this morning, crazy price on offer, my buy showing as a sell. Wont be down here for long.
That's my 1m buy marked as a sell. Freeing up funds to buy more, hopefully this doesn't run away tomorrow.
Its great when the market gets it wrong, just picked up another million shares here and more in PVR. 6 months of rerate ahead!
Confirmed multi well appraisal programme de-risking upwards of a possible billion + barrels. Looks like the Chinese will be developing Barryroa in a serious way. My 50p target by 2020 stands. Post appraisal assuming a success case PVR BR share approximately 280 MMBOE net audited 2P reserves This means reserves, net to BR is 280 million barrels of oil equivalent. 40% of 280 mmboe = 112 mmboe. For the sake of round figures, lets say $10 profit on each barrel. 112 mmboe x $10 = $112b (£853m) Conservative £853m x 60% (risk discount) = £341m Given the warrants at 12p rep 10% Co,( I wouldn't be surprised to see PVRs share of BR taken out by the Chinese in some capacity in around the £300m mark) giving APEC a healthy return on each angle.., and setting TOR and the gang well on there way to an incentive bonus. Based on a £300 MC Back of a fag pack approx 50p + range, 2 years.* IMO As a comparison Hurricane energy made the North Sea Lancaster discovery back in 2016- 650M shares in issue. Couldn’t secure a farm out deal, decide to do a dilutive raise of 350 million shares at 10p each, MC £65 million at the time. 4-6 months later after success with the drill bit the market cap jumps to £400 million. Further raise of 200m shares, more drilling success and the market Cap is £650 million. 1.2 billion shares in issue. Own 100% of the asset, with a projected production of 17k-20k bblspd, now bring the field into full production, FPSO purchase and 1.8 billion shares in issue. 50p share price range. Now the deal is confirmed, I estimate that PVR 40% share of BR will account for 14k bblspd* should follow a similar path to HUR
Boom! Congrats to the team at PVR.
I had a small top up yesterday after my phone call with the company. Wraith, I too would be concerned if the Chinese hadn't pulled off a master stroke of a deal. $68 million for 50% share of 346 MMBOE and potentialy 10% of the company. No wonder they are keen to get moving. Worth noting China imports over 150 million tons of oil a year, that's over 1 billion barrels. Energy security will be high on there agenda IMO.
JH, at that time they were going it alone, one well, one sidetrack, and if I recall correctly they had started the tendering process. Leverage on a farm-out deal I suspect. Sentiment is a funny thing which can turn on a dime, if this deal is announced the fundamentals of BR can't be ignored. I spoke with Elaine in the legal department 1Cagney.
I got a confident reply from the company when I raised the suggestion a delay due to trade wars. "Full steam ahead" and everything thing on track for this quarter. 2 weeks out, I'm happy with that.
Could we correlate the factor decrease with a potential increase in PR? Jokes aside, I wouldn't be holding interviews and confirming developments if I was about to miss a deadline. Won't bang that drum just yet.
The golden goose, cool, calm and collected. https://m.youtube.com/watch?feature=youtu.be&v=35n1_WH1s3Q