Investing

Canadian Small caps and Penny stocks

  • Last Updated:
  • Nov 25th, 2020 10:32 pm
Tags:
None
Deal Addict
Apr 2, 2006
1387 posts
220 upvotes
izzyzz wrote: ROCK insider picked up 50K shares @ .22 yesterday.
Thanks for the update. Do you know why it continues to drop, now at $0.20?
Deal Fanatic
User avatar
May 2, 2006
7314 posts
1875 upvotes
GTA
Same situation with BUZZ with anon still liquidating .15 pp paper. Insiders are stepping up big time. 300K bought by David Posner at .13 today ( just posted to SEDI) and I see another 300K on the bid for the same buyer (Scotia) @ .12.
Deal Fanatic
User avatar
May 2, 2006
7314 posts
1875 upvotes
GTA
Sold some of my GGI @ $1.44 as it is running a bit hot. I'm also seeing some stupid rumours circulating on message boards about them hitting massives at 150m depth, possibly setting up for short selling. Warrants coming in as well. It's possible that it continues to go up without taking a breather, it's done so in the past but I am a bit more risk averse these days. :)

Bought some GEMC @ .055. Technically oversold. Strong support at .05.

Also added ROCK @ .19.
Deal Fanatic
User avatar
May 2, 2006
7314 posts
1875 upvotes
GTA
Sold CVB @ .35 (avg .245). Planned to wait for drilling results but this move is enough for me. Nice to have some liquidity as well.
Sr. Member
Dec 31, 2015
720 posts
166 upvotes
izzyzz wrote: Sold some of my GGI @ $1.44 as it is running a bit hot. I'm also seeing some stupid rumours circulating on message boards about them hitting massives at 150m depth, possibly setting up for short selling. Warrants coming in as well. It's possible that it continues to go up without taking a breather, it's done so in the past but I am a bit more risk averse these days. :)

Bought some GEMC @ .055. Technically oversold. Strong support at .05.

Also added ROCK @ .19.
I'd sell some of my GGI too but still down about 30% lol
Member
Jun 27, 2015
266 posts
162 upvotes
For KUB shareholders:

June 19th 2019 Interview: Majors expected back in hunt for Ukraine gas as activity picks up

https://www.spglobal.com/platts/en/mark ... -picks-up

London — International energy majors will be tempted back to Ukraine to drill for gas in the future, according to the head of the country's gas industry association, on the back of a period of intense exploration activity in the eastern European nation.

Ukraine, whose gas production has been steady at some 20 Bcm/year for the past 25 years, has vast untapped potential in its onshore blocks -- both for conventional and unconventional resources -- as well as in the Black Sea.

New exploration has been hampered in the past by the lack of a transparent licensing process and concern over political instability. But Ukraine is now looking to attract international companies back to the upstream through a series of tenders and license rounds for blocks.

"The majors will come. It is just a matter of time," Roman Opimakh, the executive director of the Association of Gas Producers of Ukraine, said in an interview.

Big hitters such as Chevron and Shell came to Ukraine in the early 2010s in an attempt to develop the country's unconventional gas resources, but none remain.


Drilling resurgence

Despite that, the upstream in Ukraine is enjoying a resurgence with 84 active rigs drilling exploration, development and production wells in the country -- almost half of the 186 rigs operational in Europe -- according to Baker Hughes.

"The number of wells drilled in Ukraine has increased significantly since 2017," Opimakh said. "Many positive reforms have been introduced for the upstream industry in the past two years."

Last year more than 150 wells were spudded, mostly in eastern Ukraine where reserves are located at deeper intervals of more than 5,000 meters.

"The domestic fleet of rigs has been modernized and sophisticated rigs are coming to replaced outdated equipment," Opimakh said, adding that foreign outsourced contractors were also contributing resources.

The increased activity could help Ukraine boost its domestic gas production as the government looks to eliminate imports, which currently all come from Europe after it halted direct Russian gas purchases in November 2015. Domestic gas production has edged up in recent years, reaching 20.9 Bcm in 2018.

Opimakh expected it would take "5-6 years" for Ukraine to become self-sufficient in gas -- meaning Ukraine could produce all the gas it needs by 2024 -- assuming annual demand remained in the range of 30-32 Bcm.

In a bid to boost exploration yet further, some 36 blocks have been offered in 2019 in two tenders for 50-year production sharing agreements and three license rounds for 20-year exploration contracts.

The PSA tenders have attracted the most international interest, with bids from Canada's Vermilion Energy, US-based Aspect Energy, Slovakia's Nafta and Poland's Unimot.

The deadline for bids for the nine onshore blocks was May 28 and for the offshore Dolphin block was June 12, with results of both expected within one month of their deadlines (June 28 and July 12, respectively).

Opimakh said four companies had submitted bids for the Dolphin block, located in the shallow waters of the Black Sea.

"There is significant interest, especially taking in account ongoing political elections in Ukraine," he said.


License rounds

As well as the PSA tenders, three rounds of bidding for smaller exploration licenses have been held, hosted on an open electronic platform to ensure full transparency following accusations of wrongdoing in previous contract awards to upstream companies in the country.

A total of 26 blocks were offered, with 16 block licenses awarded. Some 10 of the blocks across the three rounds received no bids.

The big winner in the three bid rounds was Ukraine's state-owned UkrGasVydobuvannya (UGV), a subsidiary of Naftogaz Ukrayiny, with a total of 13 blocks awarded.

The other three were awarded to private Ukraine-based upstream companies: Burisma, DTEK, and Yedyna Oil & Gas.

A further six blocks were expected to be auctioned at a later date along with the 10 blocks not awarded in the first three rounds.

The 36 blocks offered so far -- including those in the PSA tenders -- cover a combined acreage of some 25,000 sq km and are all in well-developed petroleum provinces of Ukraine, Opimakh said.

"The chance of making a discovery is high," he said.


Asked what obstacles there were to even more upstream activity in Ukraine, Opimakh said the country still needed to "simplify the access to geological data" to attract more investors.

-- Stuart Elliott, stuart.elliott@spglobal.com

-- Edited by Dan Lalor, daniel.lalor@spglobal.com
Deal Fanatic
User avatar
May 2, 2006
7314 posts
1875 upvotes
GTA
Added KNR at .72. Trading at less than x2 revenue, cash flow positive, $20M mkt cap with 15M tradable shares... Yes, please!

Technically, it should see very strong support at .69 - .70 (200sma). First revenue from Toyota partnership should be coming in soon.
Deal Addict
Apr 2, 2006
1387 posts
220 upvotes
izzyzz wrote: Added KNR at .72. Trading at less than x2 revenue, cash flow positive, $20M mkt cap with 15M tradable shares... Yes, please!

Technically, it should see very strong support at .69 - .70 (200sma). First revenue from Toyota partnership should be coming in soon.
Do you think it has to do with the recent convertible debenture financing?

https://www.accesswire.com/548728/Kontr ... -Financing
Deal Fanatic
User avatar
May 2, 2006
7314 posts
1875 upvotes
GTA
crustydragon wrote: Do you think it has to do with the recent convertible debenture financing?

https://www.accesswire.com/548728/Kontr ... -Financing
It's possible that some investors are looking to get into this financing but I doubt that is the main reason for the drop close to 200sma. Seems to be the generally crappy markets except for precious/rare metals at the moment and there's still not enough awareness for the company in general. You'll notice that recent drift down was on low volume. Seems to be a pattern.
Deal Addict
Jan 27, 2016
1486 posts
836 upvotes
Edmonton
Gold just hit $1430, when axm drops claim news wow! That NPV just continues to rise, come on drop the hammer!
Deal Fanatic
User avatar
May 2, 2006
7314 posts
1875 upvotes
GTA
If gold continues to rip (a short term pullback would be very healthy), it’s only a matter of time before we start seeing capital starting to move from pot and other speculative sectors and into mining/exploration plays.

Top

Thread Information

There is currently 1 user viewing this thread. (1 member and 0 guests)

BreakOutM