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Games being played with the THR share price. Bid offer spread too wide. Shares being sold at the close of business to depress the share price. Someone is trying hard to keep the share price down. This won't last forever as the market will buy this stock on good news, and you can't beat the market. It eventually defeats you. THR shares poised for a re-rating on good news.
Very interesting MP. Thor sitting on a good asset in Nevada. If the NPV of Pilot Mountain is US$100m+ then the market cap of Thor is still far too small, especially given all the other assets. We should be at a market cap of �50m not �20m.
I’m expecting good news flow next week from THR. News releases are always positive so share price will perform well. Expecting a trading range of 4p to 5p next week. Market cap of THR is still snall at £20m given the portfolio of projects. Clearly undervalued in my opinion. Market cap should be £50m+.
I see the shares moving to a new and higher trading range on positive resource update news due any day now. Metal Tiger good traders so will probably buy more shares in the market. Thor well funded for the next 12 months. Stock will only go higher in my opinion, and shorts will be squeezed out. You can't fight good fundamentals and strategic investor interest!
I hear the views on dividend but unfortunately the dividend is not covered or permanent. Better high yield stocks to invest in on the London Stock Market. This company trades on NAV and it keeps falling. That offers me little comfort. Depleting asset base, no money for new deals, uncovered dividend, falling commodity prices, royalties over mines that could be closed or put on care and maintenance. Thanks but no thanks. Would rather get my dividend from BHP or Rio Tinto.
To make matters worse the research analysts have failed to predict the year end NAV for Anglo Pacific. Very poor quality research. All they have to do is update their coal price forecasts..... Back to business school research analysts. It's a shame as they are giving poor advice to their insitutional clients.
This stock is seriously overvalued. The company is borrowing money to pay a dividend (never a good thing), is writing down the value of its main asset the Kestrel royalty and given recent commodity market weakness it wouldn't surprise me to see another write down of this asset at year end, no deals done since the Chief Investment Officer resigned (surprise!) who appears to have taken a job with Ian Hannam - "Mining King" and is clearly doing better things with his time, coal market is awful and unlikely to recover, etc. I'm expecting another dividend cut next year, or at the very least maxed out debt facilities! SELL
The APF share price has dropped to levels that look like a steal on a dividend yield basis. Kestrel income will recover so you are paid to wait. Nice investment for the pension fund at these levels.
Looks like a retail punter getting fed up of waiting and dumping stock in Jupiter Energy. We should get a decent bounce over the next few days if the seller is done. Will probably look to top up my holding tomorrow.
Jupiter Energy's Q4 2013 report should be announced by the end of January (probably mid month) so it will be interesting to see if: i) they have made any progress on permitting ie. trial production licences ii) any talks with third parties on financing/takeover are now occurring I would expect progress on (i), (ii) would be a nice bonus.... They've been very quiet since October which suggests either they are doing nothing (if this is the case the CEO should be fired) or they are actually very busy doing something.....
Looks like a decent RNS and good production growth very attractive to a potential acquiror. A takeout price of less than 300p would be disappointing, I agree. Not sure why the local Russian oil companies would not buy this company for 300p - lots of reserves, production upside potential (to 23,000 bpd+), cheaper than deep water exploration off the coast of Africa, etc., etc. Still expecting a deal agreed by the end of October/first couple of weeks of November at the latest.
(This note was put out on 18th September - so end October still likely for timing of a deal....) We anticipate the company could run a process for 6-8 weeks to see if that uncovers a formal offer. It could be shorter if some of the other companies which have approached Exillon have been given some diligence already. We believe that it would be unusual to run the process for much longer given the restrictions that being in an offer period imposes on a business.
We reiterate our Outperform recommendation on Exillon Energy with a target price increased from £1.90 to £2.70 per share reflecting the fact that the company is now in play. The company has received additional approaches and has launched a formal sales process. We previously valued Exillon on a Discounted Cash Flow based on a ramp-up in production fuelled by internal cash flow. With a formal sales process now ongoing, a potential buyer with a strong balance sheet could accelerate the development of the company 2P reserves. Based on Russian transaction metrics of about US$2.0- 3.3/bbl of 2P reserves, we estimate the industry could pay £2.03-£3.33 for the Company’s 255 mmbbl 2P reserves (excluding EWS II and 80% of TP). Our target price has been set at the middle of that range. This is well above the current share price.
The US government shut down has taken its toll on small cap oil and gas stocks - sea of red on my screen, including poor old Jupiter with a distressed seller in Australia. They must be feeling the pain.... "Buy when there is blood on the streets".... I think is how the saying goes....!
A bit like watching paint dry at the moment. We should have some news in 3 weeks time with the 3Q update. It would be good to see established production from J53. Exillon Energy my other favourite - take out price still 300p in my book...
Apparently ENI owns a refinery near Exillon's assets that desperately needs oil supply (refineries need to be fully utilised to run profitably), so they are likely bidders for Exillon and can probably pay the most. I still think we should see a deal agreed by the end of October, and no doubt the investment bankers are busy as we speak....