The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
Dilution % to be decided at AGM 2nd May and also consolidation. Neither is a given. As mentioned before by another 88E are not looking to develop Phoenix, more than likely get the analysis done and look to unload. imo
I am the stock trader, navigating the labyrinthine depths of investment, fueled by hope and fueled by coin. Through market fluctuations and economic tides, I strive to unearth hidden treasures for those who dare to venture alongside me.
Thank you Older, no doubt someone will say get a room again or I'm blowing smoke up your backside, don't understand that one, but I do appreciate you pointing me in the right direction, holder or not I thank you for being here.
Madjedi, don't you think your contributions exacerbate the issue? And are you honestly saying that you will believe what someone says about the progress of the company on this board? If it is genuine information you seek this is the wrong forum, try the company website.
My understanding of this board is to here opinion, most of which I will listen to and if needed I will check, but then we have people like you who only post comments about other posters, nothing to progress company knowledge. We have to sift through all comments and just like this one it is wasting the time of genuine posters.
Get a room is not a great start :(
Thanks Older, always happy to listen. I just did a search as per Scot to educate myself and this was an option for valuing.
As for real assets the only real asset is Texas, the others for both companies are still in the ground, and potential assets are in the eyes of the beholders. Probability of activities adding value are reliant on cash flow which neither have or dilution which none of us really want. I'm for a similar deal that Challenger Energy made with Chevron in Uruguay, a lump sum and hold on to a % for a share of future profits.
I have shares in CEG.
I was looking at relative valuation as opposed to comparative valuation which states the price to earnings ratio, p/e is a good benchmark, PANR is minus £251m, 88Energy is minus £12M, which was interesting as there is more than one way of assessing a company value.
Laptop education :)
I'm sorry Scot, I do not see the value in PANR just the same as I don't see the value in 88E Phoenix that you put. Both are speculative and worth nothing in actual value comparative or not. They both have speculative value but in reality without massive input they are both dead in the water.
As for Texas I stand by my calculations regardless of what you told Brombarb as even with % owned they have an income, and it is expected to increase by year end.
As for my lack of knowledge you are right I am not and never have been an oilman or trader. What I have learned is that I take your and others opinions at face value as most of what is said is hypothetical or guesswork. Especially regarding Phoenix as the results have not even been released, yet you continue to compare updip, downdip, dmax and call it science and empirical knowledge. It is still guesswork without the update when comparing.
You assume a successful flow test x 2 but you barely give value to potential, only comparing it to a market led value of a PANR barrel and against a yet unknown barrel figure for 88E. You will never be acceptant of market value until it meets your expectations and that is unrealistic.
My education improves with you and older etc posting but hard facts are hard to come by, wait on the results and don't just use science to value your SP.
I'm sure that you will have a negative opinion of the facts when the update finally gets here as you simply cannot let go of your bopd valuation regardless of market forces.
I am a LTH of 88E, I have no holding in PANR but may in the future along with other stocks.
Good evening Scot, and please give your wrist a rest, that's too much typing even for a holder ;)
I tried to catch up on all your posts and I have to say you rarely find a friend. I appreciate your arguments and I've said many times that it allows me to educate myself by questioning your points, however this time there are too many and it's getting on. I won't bullet point either as you so politely do as I really only have one argument against your empirical data, opinions, comparisons, financing, debt etc etc etc, and that would be that if you assume 88E assets to mainly be worthless and Phoenix to be just £58M then PANR has no real value, just debt and a highly prospective hole in the ground. Until there is commercial pumping and attachment to TAPS PANR are in the same position as 88E, waiting on the elusive Knight to come to the rescue. Both companies cannot continue without outside help or massive dilution and if I was to invest cash into either of these it would be the one with the greatest diversity and who has some income. Texas you valued at £6m but it is expected that by end of year it will be producing 600+bopd which even at a low estimate is over £8M per annum. More than enough to cover Namibia or pay debt interest if required.
You dismissed assets of 88E but in reality PANR is an expensive cash cow with no commercial flow to date.
I still wont bin you as many have Scot, as I do think you have knowledge worth sharing, you just do it in a manner that infuriates others. Lets wait on the 88E official results and maybe there will be an easier equation to make sense of.