Member Info for marineclark

Could someone outline investment case here?
I'm looking at the figures and its looks good. Zero debt, $55.4 million in cash, trading at 50 percent below book value, good revenues and earnings. Charts look good too, Bouncing what appears to be the bottom, but not confirmed yet.

Little bit of a pullback today on the close. I remember not so long taking early profit at 25 percent on one of these rallies, then watching sadly on the sidelines as the price rocketed to 100 percent a week or so later. That's the nature of trading isnt it, knowing when to sell - never an easy task. It does depend a lot though on whether one is a trader or an investor. Even as atrader, I hope that the pullback is just that a pullback, and not too deep also. There is just too much news around the corner that selling out too early now could mean missing out on a multibagger. If you can find a better share then by all means take the profit and stick it elsewhere otherwise why not leave it in here. DYOR.

No worries ADW. Not all stocks run like clockwork unfortunately. This one though has been behaving perfectly which is why it was easy enough to call the bottoms right the last five times.
I think 80p resistance is breakable this time, lets see what the upcoming news looks like. As Simon thompson said , GPA is in for free, and if that comes good these prices should be history, but even the other assests are valued below the current market cap.

I think we can hit 80p fairly soon now. Can always bank on Simon thompson's tips to boost this share.

just want to highlight the best bits from IC:

"There is also potential for positive news flow on the ongoing farm-out process of Parkmead’s flagship Greater Perth Area (GPA) development project, one of the North Sea's largest undeveloped oil projects (‘Profit from a North Sea farm-out’, 1 August 2022). It has scope to deliver 75-130mn boe (P50 basis) and provide value-adding volumes to surrounding infrastructure through field life extension. With UK energy security high on the agenda, and Brent crude trading above $90 a barrel, or more than double GPA’s $35 a barrel operating break-even, both the economics and oil price environment are supportive for a successful farm-out.

Wright has placed a $133mn (95p a share) risked valuation on Parkmead’s interest in the GPA project, or $533mn (380p) on an unrisked basis, so it forms half of the brokerage’s total risked valuation of 194p a share (up from 164p). Effectively, it’s in the price for free given that the combined valuation of the Netherland gas assets, wind farms and net cash are worth more than the company’s market capitalisation of £61mn.

Having first suggested buying, at 37p, in my 2018 Bargain Shares Portfolio, I believe that the shares are worth buying ahead of the forthcoming results. Buy."

Consolidation completed after 1st leg rally, now we are in second leg rally which should be the biggie.

strap in folks...round 2

I'm in profit of 8 percent, so I can't complain. Not expecting 10 20 percent rise every day. Going to be some rest periods between rallies. Aiming for 50 percent by the end of the month, but not one to complain if it doesn't happen, not like PMG owes me living or anything like that.

Buybacks are resuming... should be hitting 100p soon. Then back to 150p with Montara news.

Gneiss are managing the farmout process. They are the middle men, thats all. They are irrelevant. The macro conditions before the ukraine war of low oil and gas prices, and the net zero agenda, made the farmout deal for GPA unlikely. Thats why PMG couldnt farmout GPA. Its totally different now. The macro conditions are ripe for a deal to happen. That doesnt mean it is guaranteed. Thats why shares are a risky business. If you are that concerned there other Oil and gas stocks out there with less risk, but with less upside, though given that PMG has tonne of cash in the bank, its a risk I'm willing to put my hard earned cash on.

It can hit 80p without news for sure as it did the last time. No one can say when the news is coming, it could be next year, but it also could be next month. One things for sure you got to be in it to win it.

...longer term 150p+.

No RNS about buybacks this morning, no buybacks were needed. Yesterday, price brokeout of 6 week range. The next few weeks will be exciting for the share price. Montara news around the corner. I see price target shortterm at 100p and then in the longer term.

Don't know much about Gneiss, but don't really need to to. Their job is to manage the farmout process. Thats not rocket science. It surely can't be that hard to get the deal done in this macro enviroment of high oil and gas prices. As I said, its a sellers market now. 3 months so far, hopefully some news soon. Bear in mind farmout process can take a while, just from the many oil and gas stocks Ive traded over the years, but difficut to put a number on it.

DIdnt know before that TC owns 28.2 million shares of PMG. That is a lot of incentive to get the GPA deal done. In a way, because now is a sellers market given the macro conditions of oil and gas, the deal will be more favourable to PMG than if the deal was done before the war in Ukraine. Now is the perfect time to get the farmout deal, and news must be round the corner .

bit of early morning volatility, possible a treeshake by market markets to trigger some panic selling, but almost back to before.
Not expecting this to go up in a straight line unless farmout news comes. I did make 50 percent profit in two days when IOG tanked 50 percent in day, last week, so straight lines moves do happen, but as long as news is coming, than the general expectiation is upwards, which in my charts should take about 3-4 weeks to get back to previous highs, so not worried about day to day volatiility here.
Jadestone energy just broke out of a base, I'm up 10 percent on that, wiith plenty more action to come in the next month or two.
I'm going to treat myself to a fours hands massage after this:)

Looks like sellers finally dispersing..

Price is breaking out of the range stuck in for six weeks, nows thetime to be buying in imo. DYOR.

its been three months since Gneiss Energy were appointed to manage farmout of GPA. News can't be too far off now I reckon.

Appoints corporate finance advisory firm to manage Greater Perth Area farm-out process
European gas prices hit record highs and 12-month forward curve prices are 131 per cent higher than those embedded in analyst earnings forecasts
Parkmead (PMG: 66p), a UK and Netherlands focused energy group, has appointed a leading energy corporate finance advisory firm, Gneiss Energy, to manage the farm-out process of its Greater Perth Area (GPA) development project.

The core Perth field holds 55mn barrels of recoverable oil equivalent (boe) on a most likely P50 basis, while the wider GPA project has scope to deliver 75-130mn boe (P50 basis) and provide value-adding volumes to surrounding infrastructure through field life extension. GPA is one of the North Sea's largest undeveloped oil projects, and has been fully appraised. Importantly, fields have been flow tested at rates of up to 6,000 barrels of oil per day and have produced good quality, light crude oil of between 37° and 32° API. Sensibly, Parkmead has been in discussions with the Scott field partnership, led by CNOC, to explore terms of a sub-sea tie-back via the nearby Scott platform to yield mutually beneficial advantages for both the Scott partnership and the Perth owners.........