Member Info for toroil

Volume is far too low to be a buyer of any significance. These are mostly small trades - just some punters having a gamble.

This stock has been a value trap for the past six years - hard to see this changing anytime soon unless a major activist investor gets involved.

It's Hobson's choice for the large shareholders - if they don't continue to prop this up then they will certainly lose everything they have invested to date. At this stage they are gamblers chasing losses.

LOL - more dilution as expected - what a farce. Just got to keep the gravy train rolling!
Millions upon millions blown over the years and absolutely nothing achieved.
Think it will be any different this time?

RBC rolling back their price target to £58. That's quite a significant change from their previous £75 target. I'm guessing that since the share price has stagnated over the past number of years they are re-rating the stock with a target price that reflects the general market view. Their logic/rationale for the 20% downgrade was fairly vague.

Good results and good outlook - followed by a share selloff . This stock has really been de-rated over the last few years.

A handful of trades, the largest was worth about 14K

This funds value has barely remained static over the last five years. I finally sold my shares at a small loss after holding for a number of years. Trading volumes are very low and there is no sign of the NAV discount reducing.

This stock is hard to understand. The share price is lower now than it was in 2016, and the results and broker recommendations seem to imply that it's up to 40% undervalued. So why would an investor believe that this valuation gap will change in the future? Large institutions and pension funds just don't buy into oil and gas stories anymore. Maybe it's time to take the LPG/Oil business private and rebrand/refloat the remainder? That would certainly unlock the value for existing shareholders.

Total waffle - I didn't think they could outdo the last RNS but I was wrong.

The ordinary retail shareholders are irrelevant to PVR as they have been diluted out of significance over the last ten years. Who knows, they might even get more diluted soon.

Whatever about oil expect to see plenty of hot air pumped!

The various Sinn Fein energy related policy documents seem to indicate that they are completely opposed to any fossil fuel exploration. If/when they get into power the best providence could hope for would be some compensation for the licenses.

It's simply mind boggling to think about the lack of progress on Barryroe over the last ten years - yet nobody has ever been held accountable and the show just keeps rolling on. At this stage it's most likely that regulation will finally end the sad saga (and conveniently provide the ultimate "get out of jail card")

It was certainly one long winded RNS which really said nothing new. Still, at least they didn't tap the shareholders for another fund raise but I guess that's only a matter of time. Someone has to pay the bills and it's not going to be the recovered oil or gas any time soon.

It's a pity that the barryroe opportunity was not urgently driven to conclusion in the early 2010s before the climate change agenda became mainstream. Its difficult to believe that new fossil fuel production sites will be tolerated over the coming years. The brainwashing of public opinion is almost complete and future governments will not want to be seen supporting any energy related activity that is not politically correct. This will be especially true for a country like Ireland which always tries to excel at virtue signalling.

I think they let the retail punters get involved in the last raise/dilution as far as I can remember

There was a short article on providence in the Sunday Times yesterday about Alan Linns departure - wondering why he would quit leaving 15million share options on the table at a strike price of 4p

Most senior executives would have termination clauses in their contracts to protect against an untimely departure. I'm sure that would have to be reported if it was the case.

It's certainly very strange timing that 40M+ shares are traded the day before the CEO quits