Member Info for NorthernMagic

when it comes to my comments on companies and their sp. So, I'm going to adopt what CH said in his recent interview when asked about the possibilities for the sp and say I'm going to take it one step at a time.
That's not to say there won't be good news before not too long but am prepared to be a bit cautious and it would be good to hear what they have to say and most important for them to produce some results based on their first drilling.
As always please dyor and all imho.
Atb,
Northern

company - especially the last couple of days. I hope that behind the scenes there's a lot going on and we soon get to know more about the core findings and future drilling plans. Will be great news to get the drilling started and get that enthusiasm and expectation turning into some solid results.
Atb,
Northern

A while ago Malcy mentioned the share was way undervalued - yes, an obvious thing to say. I don't know how he got the figures though but he mentioned at that time he thought it was worth around 100m market cap. That's about 2.27 what it is now. That would make on those calculations a value around about 5p.
So, yes way undervalued and hopefully lots more to come this year. Will be interesting if any people thinking of investing come on board when the Paraguay announcement is made this will add to the sp - but am not sure how much. Presumably the big effect will come once drilling starts - then if there's a good result we'll see a huge transformation.
I appreciate there's a lot of ifs there. However, there are also the other drills happening this year and will be interesting to see what further help comes from Trafigura and there's also the big change in oil and gas prices which will add a large chunk to revenue. Lots of positives as far as I can see but as always please dyor and all imho.
Nearly forgot the renewables but I would have thought that would take some time to get moving and for them to make any decent size deals/moves on that front.
Have a great weekend.
Atb,
Northern

especially long term holders who have lost a lot in this share. The thing that does appear to be working in President's favour and won't be obvious until we know how much they are getting for gas and oil is the increase in the price of both since the turn of the year. Oil is up around 30% and the new gas price will be up about 40%, there will also be a cost saving on processed oil.
All these things should work in President's favour and if they can manage extra production obviously that will help too. Meanwhile the Paraguay Farm out trundles away in the background.
Imho the sp is still undervalued especially taking these things into consideration - so hopefully we will see increases in the sp before not too long. One thing I'm not sure about is do they just give 6month Interim and yearly financials or might we get to hear how they have done over the first quarter?
All imho and as always please dyor.
Atb,
Northern

if I keep asking the question I'll be right one of these weeks soon - do we think there will be news next week. Will be nice to get the momentum picking up again.
Atb,
Northern

plans for further drilling by Origin. POQ is usually the first to jump on news - he was when the Nitrogen was starting to be used to get the gas flowing in the latest drill, just seems odd that Falcon have been quiet on the further plans re drilling.
Atb,
Northern

via Twitter of the activities underway to prepare for drilling and the processing plant. Plus all that revenue coming in, in the background with the price of oil as it is. So, far this year so good - just need the sp to follow suit and tick up a few notches too.
Atb,
Northern

Yes, You're right elland I should try to forget about Paraguay for a while as it could still be a some time before we hear something. It would be good if the sp could get to a certain level - possibly under it's own steam and in parallel with a further rise in the price of oil and then news about Paraguay came along to add to it. Might be wishful thinking but it is something that could happen and then a number of people who bought at a lower price will make some gains.
Atb,
Northern

Hi Stockpot,
I partly agree. After getting us excited about the prospects I thought we might have heard something by now. I think the news and intention if not an anticipated spud date will push the the sp up. Good results and it will move up again - but all that is going to take a while. First things first, the core sample analysis and what it tells the company then the news that comes from tha.
Atb,
Northern

less 10% rise in the sp and that's with a bit of a pull back from what it was earlier in the day too. Looks like a lot more buyers than sellers - so a good vote of confidence. Day by day we must be getting towards first spudding of the 4 gas wells and the thing that keeps coming back to me is the fact that PL was in Paraguay for the investor presentation. Oil is not at a bad price either compared to last year. Lots of positives for people to buy into but as always dyor and all imho.
Atb,
Northern

Many thanks dprussky,
You seem to be able to find these nuggets of information - thank you. Sounds encouraging - it's this sort of thing that I thought would be under discussion but no mention of it. We'll probably get an RNS in the morning!
Great for finding this and thanks for sharing the info.
Atb,
Northern

Must admit you really confused me there tnbird. Top of the screen I read 28 Feb2021 then as I read further all sorts of things didn't make sense - FOG owing 30% - what was going to happen in past years?
Might be useful info for new people looking at the share but doesn't move us forward in terms of where we are now and how they will get to the point of getting a decent valuation for the company - and if - and this was where my original post was coming from they had determined a way forward with the current drill?
Atb,
Northern

I'm assuming that means it will be at least some time in April before we get to have further news. I somehow would have thought they would have gathered enough information by now to be able to make some further decisions as to what they do with the current drill and fracking or what the next plans are.
Seems a bit of a long wait to me or am I just being a bit impatient?
Atb,
Northern

perceived joint venture might in Paraguay might affect the sp. The main thing that strikes me is that if it is perceived as a very strong partner then this might attract investors and conversely if not so strong. Might be a little longer to wait yet but here's hoping that when we get to know the identity of the oil company this makes President Energy a more attractive proposition for lots of other investors.
Atb,
Northern

with new drilling starting to happen and further good news on it's way - not to mention in the background the price of oil ticking up there are bound to be a number of positives but these won't reported for a while yet. Here's hoping that investors can see the value added by additional production at higher prices of both oil and gas and we are back on track with an uptrend in the sp before not too long.
Atb,
Northern

scenes with this company. However, presumably they will make their decisions partly on the basis of the core sample results - will be really good to hear something soon. I don't think it will be tomorrow as only the one day trading left in the week. However, Monday and we are in to March - so hopefully it will not be too long before we hear the next step in the plans.
Atb,
Northern

reaction in the sp re the recent news. We seemed to have a lot of positive news flow and activity last quarter of last year but the big downer was the oil price. On that basis with a steadily upward moving oil price now and more production to come and with Paraguay looking like at some stage it will be signed off which should give an impetus to the sp - but looks to me like drilling will only take place in 2022. So, with the sp falling back you could take this as a buying opportunity.
It's your money though so as always dyor and all imho.
Atb,
Northern

Yes, Liked the advice - razor sharp management team. Keep hold of your shares - there's plenty to go from this point onwards too!
Possibly get an update soon, from the company?
Atb,
Northern

Very encouraging and knowledgeable post rifteastafrica. The future is now starting to look much more interesting with Sterling Energy.
Atb,
Northern

Price by end of next week - I'll say 3p
Price by end of first half - 4.5p
Price by end of the year 7p

Like I say just a bit of fun but will be interesting to see how things progress.
Atb,
Northern