Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
No doubt communication is poor as we previously discussed. Volatility is the nature of small stocks I am afraid. However, it DOES NOT justify t cross' attitude. He can and should do more.
I guess we still should see good revenue and cash flow in March when they report earnings thanks to gas price and vermillion energy.
Vermilion Energy issued earnings as of 3Q 2021 and they look very strong. Conventional natural gas production is UP 13% vs 2Q 2021. Cash flow is very strong and opearting netback is massive. In additon to that, they significantly increased capex in Netherlands. YTD 2021: $14.6 bln vs YTD 2020: $6.7 bln. PMG should also benefit from this capex since they have stakes in several fields operated by Vermilion as well as under development.
You can check it here -> https://www.vermilionenergy.com/invest-with-us/reports-filings.cfm
While we, shareholders, are obviously unhappy about TS leadership over last few years, there is still a substantial value in PMG. This is the quesiton of time for this value to be realised. My personal opinion is to invest and hold. Since PMG is a small stock, volatility is inevitable and catching intaday high and low might be a bad game. Spread does not help.
Re: scott240
With offence, BUT It looks like the person is just playing around as a clear provocateur. Just check his posts going back a few months. There is no any consistent message coming from him. The only consistency is a complete INCONSISTENCY. It would be great to have a constructive conversation here rather that see a ball jumping around.
BUT in will NOT happen any time soon since the main condition is North Stream - 2 and its full authoorisation. Basically, he said that only North Stream - 2 will help to stabilise gas supply and Russia is happy to do so. He also mentioned that transit via Ukraine is not commercially interesting to Gazpom. Hence, they will not increase supply via Ukraine.
This is a technical aspect - the OGA removes info about a license when the final date expires or there are changes to the license terms before a new arrangement is confirmed. I saw it a few times in the past when we did buyouts. It just stays hidden from public eyes
Agree, GPA will bring a lot of value. In the meantime, while the project is getting ready, PMG should buy small Oil & Gas fields. That’s exactly what Serica started doing back in 2015 (they had much less cash on the balance sheet) while they were also preparing development of Columbus gas field. NOW - serica is generating cash and just launching production in Columbus. So, they have several fields now and own a diversified portfolio of producing assets
100% agree, the value is there but UNLOCKING this value requires a different execution approach. I am sure PMG has a multiple upside. An active shareholder would definitely help to unlock it faster since such an investor will only earn money when the price goes north while management can keep getting salary… alignment of interests…