Australian (ASX) Stock Market Forum

PPP - Pan Pacific Petroleum

Jump to new
sjp2 said:
yes but is the share price telling us something that we dont know,the well is nearly at its depth and the share price going down as well(down the well :rolleyes:)
Click to expand...

PPP is heading for a potential breakout , depending on the result at block07/03 will determine which way it breaks.
 
Thought i would bump this one along as they have had a great run lately.

All holders must be happy as i know i am.

No real news of late so there must be a lot of expectation out there.

Very wary of the buy the rumour sell the fact methodology here so have taken some profits and kept the free ones for a while.

Chart is great viewing though
 

Attachments

  • ppp.gif
    ppp.gif
    8 KB · Views: 240
it looks like this co should just sit on its bank account and stagnate,each time is does any farmin activity its sp goes downwards 30 % since july ,somebody must have a better idea of whats going on
 
PE is only 6.5... Farmin activities looks secure. It's balance sheets is growing incredibly year on year.

Petrol prices have been booming yet this stock moves backward 15% this week?:confused:

Directors activity shows that they have been buying in the last 2 months at prices between 30-50% ABOVE current. I am sure the Directors are scratching their heads also. Anyway it is a volitile stock, yet the trend is your friend and it is up 128% this year.

I cannot find another petroleum explorer & good producer stock with a PE below 10 on the asx.

The negatives are the raising dollar yet they are hedged with Petrol production. If dollar up and Petrol down then a different story but that will never happen in Oz.

It is true that every time they release farmin activity the stock price takes a dive. If the company concentrated on current production and getting as much out of the ground to sell the price would be far higher. Yet the stock piles of Petroleum would run out. They farm for the future yet short term investors know that this costs a lot of money right now.

The Directors are wanting a large pay rise and this was not well received by shareholders.

To me, it is good value at current levels. I have bought in at 35c, 45c and 60c. :2twocents
 
There seems to be some confusion over the vietnam farm in. Look like PetroVietnam Exploration Production Corporation Ltd (PVEP) want to back in on the discovery and this is affecting the perception(IMO) of shareholders and traders thus some MAY be locking in profits:eek:. The amount of farm in PPP will now recieve seems to be tied to the amont PVEP will want:mad:. makes it a bit more interesting following for myself now:eek:. Also looking forward to the upcoming drilling program end 2009 early 2010 over multiple areas:rolleyes:.

cheers!:)
 
I don't think that the P/E's of oilers mean very much given the unpredictability of their earnings. For what it's worth, BPT is trading on a P/E of about 3, but it's caused largely by their propensity to sell good assets.

I regard PPP as a better investment.
 
With this company we await for how they perform in negiotations and drilling results in the Vietnam project. The current value of oil makes little difference if they spend too much on drilling not to cover the cost of sales production. By the time they extract the petrol and sale on market then we hope the petrol price has skyrocketted. Then this would be reflected in their financial reports and the price would go up.

They do sell on market at this time, as they do have steady production revenue yet are keen explorers at the same time. Explorers suck up a lot of money very quickly and their results depend on the drilling outcome. Plus their negoitations with Vietnam over a big potential commercial find. I wish they had secured their 15% like every other company involved.

My opinion that the 15% that PPP was offered is not only subject to the Vietnam Government approval for them to farmin but also, as it has been stated, subject to the waiving of the pre-emptive right of PetroVietnam to exercise its right to backin (on the basis of that 15%).

The 15% that is to be decided. They may get the ar#@ end of the deal. After putting in all the work. They have had good and bad projects in the past- so anything may happen.

I await the result of the deal and the drilling results in Nov\Dec this year. If positive on both counts then the stock will be revised upwards towards a PE of 10+. If not positive then a possible 10-20% fall in the stock for now.

The other partners in the project have got their share set. I doubt that their shares will be altered or tampered with in this case. Only PPP share is not secure.

PPP have suggested that PetroVietnam are to take PART of the 15%. How much is unsure...

It is undervalued due to the prospect that PPP may be stitched up by Vietnam.
wWe have no idea how much "part" is.

Shareholder are left pondering the unknown for now- in a month or so it will be more clear.

Management should disclose the details of the contract with PetroVietnam, as it is our money the negoitate with.


:2twocents
 
The Vietnam Issue is testing the SP of PPP however PPP's current cash holdings plus the upcoming Timor Sea Oil exploration wells cannot be forgotten.

One reasonable Oil discovery in the Timor , could well be a Catalyst for a fair rerating of this company. If you check out PPP's announcements you will see that The contract area, which extends over 3700km² in area is adjacent to several existing oil fields such as Laminaria and Corallina and the recent Kitan discovery and prospects similar to this successful oil play are believed to exist in JPDA 06-103.

I believe PPP to have more a lot more potential for upside than downside.

All IMHO.

Disclaimer: I hold PPP.
 
Anyone still following this pup?

Hit my radar on the volume spike, nice base formation and personally think ON A TECH BASIS ONLY maybe due a trot shortly.

i have not entered as yet as only just noticed but has gone straight to top of watchy to either enter on a clear and confirmed break of 19 (on vols) or an entry at a lower point in the channel.

Will see how this plays out from here and maybe take an entry shortly.

i would attach a chart but history has shown i,m bloody hopeless at posting them here.
 
nunthewiser said:
Anyone still following this pup?

Hit my radar on the volume spike, nice base formation and personally think ON A TECH BASIS ONLY maybe due a trot shortly.

i have not entered as yet as only just noticed but has gone straight to top of watchy to either enter on a clear and confirmed break of 19 (on vols) or an entry at a lower point in the channel.

Will see how this plays out from here and maybe take an entry shortly.

i would attach a chart but history has shown i,m bloody hopeless at posting them here.
Click to expand...

PPP triggerd for me but i didnt look further

G-chart

From QUARTERLY ACTIVITIES REPORT JUNE 2010

PPP
In addition to participation in these attractive ventures, PPP’s cash flow remains strong, firmly
underpinned by Tui production, with remaining reserves of 2.23 MMbbls net to PPP at end June. In
addition, the Company has no debt and significant cash reserves of A$87.5 million, which together with
cash deposited in support of the Tui FPSO lease contract, and a further US$10.3 million scheduled to be
returned to PPP during the next few weeks as a result of completion of the Block 07/03 farmin, is
equivalent to approximately A$105 million or approximately 18 c/share.

also, i missed an announcement on the Change of Director’s Interest Notice
he now has 11.7 Million in the company (added another 455000ish)
 
Sorry the above increase is in AUD

Keep an eye on it tomorrow, might be interesting over the course of the week..
:2twocents
 
Cheers for the reply Noie

i decided to post a chart after all ....... 19 is the first make or break area im intrested in.

Will be watching like a hawk from here ....... i do NOT hold
 

Attachments

  • ppp.jpg
    ppp.jpg
    118.5 KB · Views: 9
Nice chart,
The 6.5 mill vol i think was the day of the previous announcement,
I looked more into their books, if they were to sink now their assets are still higher than the SP

I placed a conditional just now ...we will see what the week brings
 
noie said:
Nice chart,
The 6.5 mill vol i think was the day of the previous announcement,
I looked more into their books, if they were to sink now their assets are still higher than the SP

I placed a conditional just now ...we will see what the week brings
Click to expand...

I think you'll find that pretty well all small oil companies are trading at under asset backing.

A bit like a newly listed company trading below issue price - we know that they don't have any trouble spending the cash!

;)

I don't hold PPP at present.
 
FWIW

I have taken a small entry on this today at .19.

I will add to it IF it breaks north from here.

Normal stoploss rules apply
 
Was trading below the value of the money it has in the bank yesterday!!!!
Having a little better day today.
I hope it drops again. I want more!
 

Similar threads

ducati916
April DDD
3 4 5
Replies
98
Views
7K
ducati916
ducati916
Craton
Albo's Coal and Gas Price Cap and Financial Aid proposal
2
Replies
38
Views
4K
Smurf1976
Smurf1976
R
The American use of War Pretext Incidents
Replies
6
Views
9K
sptrawler
sptrawler
Top