Seacrest Petroleum Ltd – (Not rated)
• Q3 trading and financing update
SEAPT came out with a 3q24 update after close yesterday, and the production came it at 6,843 boepd down 14% Q/Q. The sold volumes were 686k bbls at a price of USD 60.7/bbls equating to a topline of ~USD 41.6m for the quarter (vs. USD 50.7m in 3q23). In October there a leak of steam with oil emulsion in one of the wells, which according to the company has been cleaned up already. On the financing side, SEAPT has signed an indicative TS with Trafigura for a USD 40m prepayment facility due December 2025. Additionally, SEAPT has signed a binding TS with MBD Partners for farm-out of a non-operating working interest stake of 25% and an optional 7.5% stake in SEAPT for up to USD 217m. FEF

Meget spennende å se hvor høyt denne skal mot jul

SEAPT har falt fra nærmere 12 kroner (!) siste året, så den har mye å gå på fra dagens nivå. Dagens tall var en stor positiv overraskelse for investorene. Før jul kan aksjen være opp mot 5 - 7 kroner :)

"Erik Tiller, Chairman of Seacrest Petroleo, said: "We are pleased that after a six month process we have secured signed term sheets to provide, subject to completion, equity and working capital financing for the Company's business. The transactions we are announcing today reflect the confidence our major investors and partners have in our business, and we look forward to working with all stakeholders to complete the transactions."

Håper Mr. Selaco har rett 6-7 kr verdi per aksje

Høy i dag er 99 øre.

Forståelig at noen tar gevinst etter solid oppgang fra i går.

Det skrives på Xtrainvestor at Selaco allerede er på vei ut av aksjen. Er nok det som har skapt salgspress nå. Håper ikke den skal ned igjen mot 20 øre.

Svend er en trader, og når han får 200% på investeringen sin så er det ikke vanskelig å skjønne at han tar profitt

Det forandrer jo derimot ikke casen og de gode nyhetene, har selv tatt en liten pott her på rundt 50øre så får vi se hva som skjer

Mulig en god aksje inn i 2025. Vi må vente på kvartalsrapporten 20.november

Nå har vi 2 olje aksjer som kan gå høyt, denne og Zena. Zena med utfall rettsak erstatning på flere milliarder

Nei, det spørres om Selaco skal selge eller om han skal holde.:
"Aquarius @aquarius
09:46
Antar du har helt ute av denne i løpet av dagen Svend, eller ser du videre potensiale?"

NAV på 8,3kr per aksje sier Theodor...

Med Teodor mener du Teodor Sveen-Nilsen som er analytiker i Sparebanken 1 Markets?

yep

Ja, oppdateringen fra Teodor Sb1m ligger på Seacrest kanalen på XI

Får ikke åpnet det på XI. Noen som kan klippe og lime det inn her?

Nei det er delt 2 bildefiler fra SB1M sin presentasjon, går ikke å dele slikt her på Trygves tivoli

Ny uke og nytt lodd her på bunnfiske ✌✌

😎

Hmm, hva tenker vi her gutter? Allerede nede på 0,33, som etter min mening begynner å bli en veldig interessant pris. Er markedet for negativ?

🎯

Kjøpte enda litt mer 🥳🤣🥳

Analytiker kursmål 12 mnd fremover er 5.71 Nok og Hold !

Hentet fra Nordnet aksjehandel.....

Fornøyd med halvparten 🥳

Hva tenker vi om gårsdagens melding?
Det er jo i hvert fall positivt at det har inngått avtale med långivere, og skal gjøre det med de nordiske obligasjonseierne :)

https://www.finansavisen.no/energi/2024/11/10/8204199/seacrest-petroleo-inngar-avtale-med-langiverne

Selskapet er for meg en liten gåte da det er mye som taler for selskapet med god vekst i produksjon og nye brønner. Avtalene som er inngått nå sikrer at de har ryggen fri knyttet til håndteringen av forpliktelser vs. fortsatt vekst. Vilkårene i avtalen signaliserer helt andre vekslingsforhold enn dagens kurs noe som egentlig er gåten her.

Långivere ser altså noe som markedet da ikke ser ref. dagens kurs på 25 øre vs. kursmål på 5,7.

Kvartalsrapporten om noen dager vil kunne gi et avgjørende svar på veien videre både for selskapet og aksjekursen. For min del har jeg brukt mer tid enn jeg burde på å lese meg opp, men jeg sliter fortsatt med å forstå hva som er bakgrunnen for kursutviklingen. Hadde selskapet vært så ille ute som kursen tilsier ville viljen til å inngå reguleringer i låneavtaler vært fraværende, ikke minst på de vilkår som de faktisk har fått.

Ut fra mine beregninger er verdivurderingen holdt opp mot assets avvikende.

EDIT 1
For ordens skyld må jeg poengtere at dette er mine personlige oppfatninger, og ikke et investeringsråd.

EDIT 2

Ba Chat GPT om en evaluering ut fra siste ukes oppdateringer fra selskapet:

what is your take on valuation given a successful refinancing as indicateed tha last week?
ChatGPT sa:
ChatGPT
If Seacrest Petroleo successfully completes its refinancing plans, the company’s valuation could see a significant positive shift due to several key factors:

1. Debt Reduction and Improved Cash Flow
The successful refinancing would alleviate immediate debt pressures, especially considering the $300 million credit facility and $120 million Nordic bonds currently under forbearance. By extending payment timelines and potentially reducing interest burdens, the company could improve its cash flow. This would enhance operational stability, making it more attractive to investors.

2. Market Valuation Adjustments
Currently, Seacrest Petroleo’s price-to-sales (P/S) ratio is notably low at about 0.1x, compared to an industry average of 1.2x. If refinancing allows the company to stabilize its balance sheet and reduce financial distress, it could align closer to sector norms. A conservative estimate might see the P/S ratio approach at least 0.5x to 0.8x initially, which would significantly increase the stock price from its current levels (NOK 0.25 - NOK 0.53).

3. Enhanced Operational Capabilities
With financial restructuring, Seacrest can focus more on operational improvements and field investments in Espírito Santo. Their infrastructure, like the Terminal Norte Capixaba, allows for cost-effective production and export. Assuming stable production costs around $15/boe and higher oil prices, profitability could improve, potentially pushing the valuation higher.

Valuation Scenarios
Bear Case: If the refinancing only modestly reduces financial strain without robust operational improvements, the stock could hover between NOK 1.00 and NOK 1.50, given slight recovery in market perception.
Base Case: With successful refinancing and moderate operational gains, a P/S ratio around 0.5x is plausible, leading to a potential price target of NOK 2.50 - NOK 3.50.
Bull Case: If the restructuring significantly improves cash flow and investor sentiment, aligning closer to industry averages, the stock could see valuation targets reaching NOK 4.00 - NOK 5.00 or more, as indicated by some analysts earlier this year​
MARKETSCREENER
​
MARKETSCREENER
.
In conclusion, while the successful refinancing offers upside potential, the overall valuation will still depend on broader market conditions, oil prices, and the company’s execution on improving operational efficiencies. Investors should be prepared for volatility but could expect a potential multi-bagger if the turnaround is effectively managed.


Presiserer at GPT heller ikke fungerer som en fiansrådgiver :)

Ja, da er innkallingen kommet til presentasjonen av Q3 hvor vi vil få svar på produksjonsvekst, utslipp og hvor kostbart det faktisk var (det er bekreftet ryddet og avklart), samt også utredning på finansielle avtaler og likviditet:

Seacrest Petroleo Bermuda Limited: Invitation to release of third quarter 2024 results
Rio de Janeiro, Brazil/Hamilton, Bermuda, 15 November 2024: Seacrest Petroleo
Bermuda Limited ("Seacrest Petroleo" or the "Company") will publish its third
quarter 2024 results on Wednesday, 20 November 2024, at 7:00 am CET. The
report and presentation will be made available at www.seacrestpetroleo.com and
www.newsweb.no.

On the same day, at 7:00 am CET, a presentation of the financial results and
operational developments will be held by the CEO, Jose Cotello, and CFO,
Thomas Kandel. The presentation will be conducted as a webcast. To access the
presentation, please use the following link:

https://seacrestpetroleo.com/investor/reports-and-presentations/

On the same day, at 3:00 pm CET, the Company will host a live Q&A session.
Questions can be asked directly through the webcast.

We recommend connecting 10 minutes prior to the call start. Information on how
to ask questions will be given at the beginning of the Q&A session. There will
be a limit of two questions per participant.

To access the Q&A session, please use the following link:

https://teams.microsoft.com/l/meetup-join/19:meeting_Y2JkYzc0NzUtMDY4Yi00YmIzLWJkM2YtY2M1OTQ1Nzc4ZmQ4@thread.v2/0?context=%7B%22Tid%22:%22811757c0-87b7-42c0-b9b9-b1b69d720961%22,%22Oid%22:%225c427cc3-2a1d-47ea-b8d4-e04dc0ae8309%22%7D
(https://teams.microsoft.com/l/meetup-join/19:meeting_Y2JkYzc0NzUtMDY4Yi00YmIzLWJkM2YtY2M1OTQ1Nzc4ZmQ4@thread.v2/0?context={"Tid":"811757c0-87b7-42c0-b9b9-b1b69d720961","Oid":"5c427cc3-2a1d-47ea-b8d4-e04dc0ae8309"})

For further information, please contact:

John de los Santos, Head of Investor Relations
Seacrest Petroleo Bermuda Limited
Tel. +44 79 4971 4756
E-mail: john.santos@seacrestpetroleo.com

This information is subject to the disclosure requirements pursuant to Section
5-12 of the Norwegian Securities Trading Act and the Euronext Rule Book part
II.

About Seacrest Petroleo

Seacrest Petroleo is an independent oil and gas production company with an
integrated portfolio of onshore producing oil fields and export infrastructure
onshore in Espírito Santo, Brazil. The fields have estimated oil and gas in
place volumes of 1.2 billion barrels of oil equivalents and certified 2P
reserves of 144 million barrels of oil equivalents. The Company has exclusive
control over its infrastructure, continuously from field production to
offshore tanker loading terminal, allowing for cost-effective operations, and
enabling direct access to markets for its premium grade products. The Company
has offices in Bermuda, Norway and Brazil.