Member Info for Sturm

Well thx for being open about looking to rebuy after the raise you expect next week.

So. Now we have Cascadura online and gas sale has begun; why would any of you sellers expect it NOT to be possible for TXP to increase loan (or factor invoices from gas sales). Book value of their facilities should be greater than debt anyways. That's assuming they even need the money.

Seriously... you think there's a raise coming? I guess you're trying (not very elegantly) to speak your book.

Nah, it's the grumpy English shareholders who don't seem to want to acknowledge any progress. At least not until they've spanked PB publicly on the next investor meating (and he's presented some kind of apology). In the meanwhile, Canadians are less unhappy and here to make a fine return. But ofc. the HUGE gap between London and Canada can't last. If the grumpy Brits win over the moneymakers in Canada is yet to be seen.

;) Sturm

72,37 is not 2.5% but 6.4% higher than 68p.

Too many angry old men in UK :O)

I guess some people might begin arbitraging Canada for London.

Yup - UK still slacking. As stated yesterday, the English shareholders are angry old men out for revenge, so there's certainly no help from the old boys club. Yet.

Maybe after he's taking a beating on investor meetings they'll feel better?

:)

It did close a bit up at 1.20 CAD / 70.4p yesterday so let's see if Canada can pull UK up a bit again.

Ofc. the Brites are angry old men out for revenge, so there's certainly no help from the old boys club. Yet.

If you reverse engineer that production level (224 mmcf + fluids) you'll get 5,25 CAD (tax pool and tax rate is a joker though, as is the brent price) at a P/E of around 5 / 14% pa. I think getting to that SP just takes patience and should be reached before 2025.

Then there's the big exploration targets - Kraken etc. That's where the magic begins. But even without any magic you'll get more than a fair return just buying and holding IMHO. Fixed gas price also means this will be a nice div. payer even when times are tough and oil price low. So patience is all it takes. But as we all know, doing nothing is hard for investors.

I added a bit more today. Late or not, beginning gas sales is a huge derisking event.

According to this

https://larepublica.pe/economia/2023/09/06/isabel-tafur-lote-8-petrotal-descalificada-por-no-cumplir-con-patrimonio-neto-perupetro-va-por-upland-cheiron-loreto-361044

Apparently "the agency carried out the economic evaluation of Petrotal and concluded that "its net worth does not cover all the purchases it has, not only in Lot 8, but in Lot 95."

Probably the brown envelope was missing from #PTALs bid.

Very low volume in Canada for sure - so "at least" people are not selling at this point. However it's not "solid" enough re. production to drive interest, volume and price - yet.

I guess we'll get another RNS once they're closing in on the 60 mmcf.

I asked some weeks back if the first gas sale RNS or the drilling program RNS would have the bigger impact on SP.

I hope we got the answer to that one today...

AIM is funny with the MMs acting as pseudo bosses when it comes to pricing. Canada is more demand vs supply driven, so I'm waiting for the TSX response tbh.

Interesting: Condensate volumes will be transported via tanker trucks to the Company's Barrackpore liquids sales facility and sold to Heritage pursuant to a Cascadura field liquids sales agreement executed on September 1, 2023.

I wonder what the condensate volume will be @ 60 mmcf.

I wouldn't be surprised if it's initially 20 mmcf but ramping up. After all, its TXP. Overpromise & underdeliver.

Share buy backs should resume shortly. They're avoiding "x-day" - or rather the week/weeks around. So it'll be back.

Have a nice weekend - Mr. Brent is happy and dividend will be here in 2 weeks, so what's not to like :)

I hope we avoid the FUD on SP. Would have been nice with a RNS today, meaning a closed Monday would FOMO the sh*t out of the SP today. But whatever... Maybe next week. Maybe.

So. Oil price is strong and rising. #PTAL is down. For no good reason.

Share buy back is overdue!

@Viable - you should be able to get the extra tax returned (from mr. tax in Canada), but it's a tideous process.

Might be necessary to move your holding to another broker... I've got PTAL shares with 2 different brokers and one of them also withhold 25% - and it's a special account that can't be moved :/

@Rylidan - yeah - yesterday was with dividend, so today the SP should have dropped 2.5 US cents. But Brent & US inventories (and maybe steady production) is holding SP up I guess. Maybe also buybacks, who knows... yet.

Guess we get an RNS tomorrow? (have lost count of the number of days I've thought that).

... or will we get another management buy RNS next... again...?

No, yesterday you would still get the div. Today is the first day without.

Ex dividend date: August 30.

Fortunately Mr. Brent is up and production looks fair for the quarter, so let's hope we don't get the 2.5 USD c. slash equivalent. Also looks like they're slacking on buybacks :/

Best free advice: Do what's the most challenging for an investor... do nothing. At least re. #PTAL.

https://petrotal-corp.com/wp-content/uploads/2023/08/PetroTal-IP-August-2023-Final-Final.pdf

Just look at p 19 on their latest presentation - best is yet to come.