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petroceltic (PCI)     

nite ram - 22 Sep 2006 13:12

Any experts out there with a view to todays RNS on Algerian gas find ?
Looks good to me but sp is down
Thanks in advance nr

niceonecyril - 12 Jan 2010 08:23 - 730 of 1234

Market predictably canning them on what is a tech hitch,this is a massive field and i believe a good price to purchase 14pish?
aimho
cyril

HARRYCAT - 12 Jan 2010 09:12 - 731 of 1234

.

cynic - 12 Jan 2010 09:55 - 732 of 1234

good one in not to have too much money!

required field - 12 Jan 2010 10:14 - 733 of 1234

Nonsense Cynic, this looks very promising,with a massive gas deposit....

cynic - 12 Jan 2010 10:24 - 734 of 1234

been hearing that for about the last 12 months ..... once PCI are in a position to get the stuff out of the ground, which is seemingly not the case at the moment, then you can consider throwing your hat in the air

hermana - 12 Jan 2010 10:33 - 735 of 1234

Good RNS despite sag in market.

required field - 12 Jan 2010 10:38 - 736 of 1234

You do have a point about production...Afren are getting closer and closer to production levels like TLW and hence the sp rise...Petroceltic, I think have an incredible amount of gas in the ground, it will take time to bring into production, but there is tremendous upside for the sp as there are a lot of things going for this company.

hermana - 12 Jan 2010 10:41 - 737 of 1234

Over $100m coming into company in Q1 from Iberdrola and Sonatrach.

cynic - 12 Jan 2010 10:43 - 738 of 1234

there's the difference and the nub of the matter ..... PCI only THINK they have a lot of gas in the ground, whereas AFR KNOW they have lots and lots of oil .... memory also tells me that AFR's extraction is pretty easy in oilie terms

required field - 12 Jan 2010 10:44 - 739 of 1234

Exactly !, the upside is far more than the downside....ref 737...

cynic - 12 Jan 2010 10:45 - 740 of 1234

an inflow of cash is pretty incidental ..... without gas + production there is nothing

required field - 12 Jan 2010 10:46 - 741 of 1234

One of these days there will be a review of the amount of gas in the ground and I bet that it will be at least half a trillion cubic feet....

cynic - 12 Jan 2010 10:48 - 742 of 1234

yeah yeah yeah ..... funny how the market has yet to be convinced, and how hermana can claim that today's rns was bullish is totally beyond me .... i'm no geologist, but i read it as neutral to disappointing, as did the market

required field - 12 Jan 2010 10:54 - 743 of 1234

I read it as positive but oil pulled back as well as gas futures just at that moment : AFR shot up before the pullback but now recovering...think as PCI as a very good hold, wait for the rns that will come one day with the amount of gas in the ground then hang on to your hat !.

2517GEORGE - 12 Jan 2010 10:57 - 744 of 1234

Didn't have cynic down as a beatles fan.
2517

required field - 12 Jan 2010 11:00 - 745 of 1234

It won't buy him love !.

2517GEORGE - 12 Jan 2010 11:12 - 746 of 1234

More like 'A Hard Day's Night'
Regards PCI there may well be enormous quantities of gas, but the timing for extracting it looks to be further out now.
2517

required field - 12 Jan 2010 11:17 - 747 of 1234

It's a buy and hold for 6 months or so.....but this is going to go up and up in time.

cynic - 12 Jan 2010 12:31 - 748 of 1234

i have PCI, somewhat reluctantly, but like GOO, which thank goodness i don't hold, it has a somewhat micawberish appearance

HARRYCAT - 12 Jan 2010 12:39 - 749 of 1234

I confess I would rather trade this now than hold med term.

Chart.aspx?Provider=EODIntra&Code=PCI&Si
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