JKX are a growth oil and gas company, principally based in the Ukraine, but also present in several other countries, and have recently presented some excellent results.




JKX corporate website : http://www.jkx.co.uk/index.cfm

Poltava Petroleum : http://www.ppc.net.ua/inf_en.html

Annual report 2005 : Click HERE

Nope I just don't see the point in posting 'sell this, sell that' when the market is a no-brainer on the whole. You're not Hlyeo in disguise are you?

justyi .... would you care to answer my post 562?

Good news for JKX...at a time when there is a gas blockade from Russia....this will help no doubt !.

But JKX tumbling 20p on the news...

STOCK IDEA

Opened a new position in JKX oil JKX.

Dynamic looking base triangle ready to uncoil and with the Oil SP increasing by the day and takeover activity going on in the sector Im hoping this one will be a winner. Slight resistance at 260p ish should be overcome.....

"

Fundies look pretty good aswell....

JKX Oil & Gas PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Oriel Securities
03-06-09 ADD

Evolution Securities Ltd
18-05-09 ADD 58.11 25.27 3.92 95.20 41.42 3.04

Brewin Dolphin Investment Banking
01-05-09 BUY 61.31 27.70 5.00 88.01 37.10 5.30

Fox Davies Capital
01-05-09 BUY

Canaccord Adams
09-04-09 BUY 32.69 37.45

Collins Stewart
30-03-09 BUY 24.12 28.46

2009 2010
Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Consensus 59.66 25.77 4.44 91.73 37.27 4.13

1 Month Change -0.03 -0.70 -0.01 0.07 0.00 -0.02
3 Month Change -32.38 -16.43 -0.27 91.73 -24.47 4.13


GROWTH
2008 (A) 2009 (E) 2010 (E)

Norm. EPS 20.00% -29.39% 44.63%
DPS 43.75% -3.48% -6.98%

INVESTMENT RATIOS
2008 (A) 2009 (E) 2010 (E)

EBITDA 91.65m 79.73m 110.29m

EBIT 90.08m m m

Dividend Yield 2.03% 1.96% 1.82%

Dividend Cover 7.93x 5.80x 9.02x

PER 6.21x 8.79x 6.08x

PEG 0.31f -0.30f 0.14f

Net Asset Value PS 133.89p 173.40p 193.80p

Interesting comment from Zak Mir Pro TAer only 2 days ago...

Zak Mir



Reged: 28/06/07
Posts: 853
Re: JKX Oil & Gas (JKX)
#447518 - 03/06/09 03:39 PM Edit Reply Quote



The solid test for support at the 200 day moving average of 221p today suggests that a December resistance line projection target of 280p over the next couple of months is valid while the 200 day line holds.

Recognia software have a SP target of 354p to 382p.

On the back of the breakout from the base triangle pattern.

Event Date: 02 Jun 2009
Opportunity Type: Long-Term Bullish
Close Price: 234.25
Target Price Range: 354.00 - 382.00
Price Period: Daily
Volume: 769,559
Pattern Duration: 127 days
Inbound Trend Duration: 146 days

Rising pattern emerging with support...gas prices in the east now rising....looks like a breakout about to happen....steady gentle rise with sharp upward sp movement about to happen !, (well that's the theory anyway !).....anybody like me think that this will be taken over by a bigger boy ?.

Thats what im hoping for RF and I reckon its been left behind in the market and is undervalued. Consolidation in this sector is going to be a big driver I reckon during the summer months.

Good note from Eddisons in past few months If I can find it Ill post it.

cheers.

Historical doc shows how this company is still way undervalued....

http://www.edisoninvestmentresearch.co.uk/?ACT=18&ID=1633

latest Broker positions....

JKX Oil & Gas PLC

FORECASTS
2009 2010

Date Rec Pre-tax () EPS (p) DPS (p) Pre-tax () EPS (p) DPS (p)

Brewin Dolphin Investment Banking
04-06-09 BUY 61.31 27.70 5.00 88.01 37.10 5.30

Oriel Securities
03-06-09 ADD

Evolution Securities Ltd
18-05-09 ADD 58.11 25.27 3.92 95.20 41.42 3.04

Fox Davies Capital
01-05-09 BUY

Canaccord Adams
09-04-09 BUY 32.69 37.45

Collins Stewart
30-03-09 BUY 24.12 28.46

Just been tipped on proactive site and by Fat Prophets......

http://www.proactiveinvestors.co.uk/companies/news/6080/-jkx-oil-and-gas-exposure-to-european-gas-helps-offset-lower-oil-price-6080.html

Thursday, June 11, 2009

JKX Oil and Gas' exposure to European gas helps offset lower oil price
by Fat Prophets


Whilst UK car drivers lament the fact the price of petrol has recently surged beyond 1 per litre, there is little respite in the offing. Despite estimates of a considerable drop in oil consumption this year, signs of an economic recovery are growing in number and a return to increasing levels of oil demand is not far away.

Shareholders in JKX have exposure to bull markets in both commodities. And with the price of oil having dropped significantly from its highs of last summer, JKXs exposure to the increasing price of gas has helped offset the resultant drop in earnings.

This years inaugural quarter has been far from plain sailing. Delays in completion and testing of new development wells at Poltava, Ukraine which hindered output in the final quarter of last year, again proved a significant headwind for production. Indeed the companys 9,876 barrels of oil per day equivalent (boepd) represented a 14 percent drop on last years corresponding period.

Whilst gas production held firm at 41 million cubic feet per day (MMcfd), which equates to approx 6,850 boepd, oil production dropped by 34 percent to 4,687 barrels of oil per day (bopd). Indeed oil revenues took a hit as the average price realised dropped by 56 percent to US$35 per barrel. However at US$7 per thousand cubic feet (Mcf) JKX realised a 36 percent higher gas price.

As we have become accustomed to the bulk of the action at JKX occurs in Ukraine. Average production through the first quarter was 9,876 boe, comprising 41 MMcfd of gas and 3,083 barrels of oil and condensate.

Meanwhile in Russia, the group has started the initial 3 well workover operation in the Koshekhablskoye field, two of which are due for testing this month. And whats more in Hungary, the Hajd Field development is underway and first gas is expected in July 2009.

On the exploration front, JKX remains fully committed to its pursuit of the production of tomorrow. In the Ukraine, PPC has applied for both easterly and westerly extensions to the Zaplavskoye exploration licence. In addition, the Hernad licenses in Hungary have provided further room for optimism.

"

Further a field in Bulgaria, having recently concluded of a 3D seismic survey across the Golitza licenses JKX hopes to identify a drilling prospect later this year. And in Slovakia recently completed seismic surveys have laid the foundations for the next stage of exploration within three large licences.

During a quarter in which the price of oil has toiled, JKXs gas exposure has stepped into the breach and the companys focus on broadening its portfolio of licences gives us cause for optimism going forward. Production may have fallen off so far this year, however with development activity high and an increasing number of seismic surveys underway and completed, earnings at JKX look extremely secure over the long term.

Furthermore, from a valuation perspective the company is trading on an undemanding consensus price-earnings multiple of around 7.5 times 2009 earnings estimates, whilst shares yield 2.4 percent.

Looks like Proactive and Fat phophets are all wrong.

why u say that?

is this on a breakout?

good breakout on this one i believe

surprised no comment on todays good news......great recent surge on this one like i predicted

if memeory serves me right, this was a very fashionable little stock a few years back that went out of fashion, though i know not why .... it's certainly not one i have followed, but though the latest RNS really wasn't that exciting, it should at least give reason for the recent considerable strength to continue - always presupposing of course that the markets themselves stay positive.

these little beauties go un-noticed......not sure why

while others have been catching the limelight for good reason - e.g. TLW, GPK, AFR - JKX have had nothing to say for themselves ...... nevertheless, with sp challenging recent high ground, they could come to life quite sharply, though i suspect 320/340 could be a tricky partch