Sintana Energy Inc V.SEI

Great Entry Point

[capconstrained]

SEI held the $1.05 level very well yesterday on good volume.  I should think a majority of the fast money crowd has left the stock over the last few weeks and SEI is set up well to make new highs over the next 6 months.  FTR, I still believe SEI will receive value of USD$1.50+ for PEL83. However, the structure may not be 100% cash or a combination of stock/cash. If a cash poor player like PBR wins the bidding for Galp's 40% PEL 83 interest, there may be some retained ownership with better carry.

[MrMoMnyMgr1995]

On the money Cap... https://www.reuters.com/business/energy/brazils-petrobras-bids-become-operator-galps-mopane-oil-field-in-namibia-2024-07-26/

[barolo19]

Thx, not much of a valuation but the game is afoot!!!!

[capconstrained]

I've been told that PBR can easily redeploy existing FPSOs from its current operations to Namibia so that the development time of Mopane may be much faster with PBR as a partner.  While the details of the offer have not been made public yet, there may be other considerations that will need to be evaluated in addition to the upfront cash/stock that PBR may contribute to Galp.

[ExplodeTheBank]

I wouldn't accept there stock offer, if they have trouble growing / renewing their license. Slow government acceptance, stumbling PBR's feet, holding them away from making succesful exploration / growing the company..... I would take all cash from them, maybe stock offer, if the given company haven't got these issues like PBR experience within Brazil.....

[farrell90]

Another reason to not want PBR is their past history of fraud and scandals. Unfortunately I owned stock in PBR  the company during this time. https://www.ft.com/content/686db098-c252-11e8-95b1-d36dfef1b89a

[5L4]

I swear it sometimes I cry with laughter reading comments on chat sites. Hey Farrell, can I ask is the 90 your birth year mate as many folk seem to do? Sorry to hear you were physically invested in PBR during their scandal, what year did you invest and did you close out out on the headline emerging or run with the investment?? Reason I ask is I thought you would be aware more than others since

[barolo19]

Well said! where there is one shark circling others will follow!! glta

[farrell90]

I agree the current price is a fair price to pick up more shares I am not an oil and gas expert, financial analyst or an accountant , but I am excellent at what I call napkin math. The Napkin math for SEUSF PEL 83 is as follows: High estimates for PEL 83 have been up to $20 billion or $2 for each in ground barrell SEUSF has 373,520,000 share outstanding. If 80% of PEL is worth 20 billion then