Jadestone Energy Inc. (AIM: JSE) (“Jadestone” or the “Company”), an independent oil and gas company, is pleased to announce that its Board has conditionally agreed to a placing of up to 20,871,429 new ordinary shares of no par value in the Company (“Ordinary Shares”) at a price of 55 pence per Ordinary Share (the “Placing Price”), with institutional investors to raise gross proceeds of up to £11.5 million (approximately US$15 million) (the “Placing”).
Jadestone Energy Inc. (TSE:JSE) had its price objective hoisted by investment analysts at CIBC from C$2.00 to C$2.50 in a research report issued on Tuesday morning, BayStreet.CA reports. CIBC‘s price target would indicate a potential upside of 26.67% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock.
TD Securities lifted their target price on Jadestone Energy from C$1.75 to C$2.25 and gave the company a “buy” rating in a report on Wednesday, January 6th.
Jadestone Energy News
Jadestone Energy is an independent oil and gas company with a diversified portfolio of assets in Australia, Southeast Asia and the United States. The company is headquartered in Perth, Western Australia and is listed on the Australian Securities Exchange (ASX: JSE).
In the news recently, Jadestone Energy has appointed a new Managing Director and CEO, Mr. David Biggs.
Prior to his appointment at Jadestone, Mr. Biggs was the managing director for Resources at Macquarie Capital in Australia. In this role he was responsible for providing strategic advice and capital solutions to resource companies across the energy value chain including oil & gas exploration & production, LNG, power generation and renewables. He has also worked as a petroleum engineer in both the UK and Australia.
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What is Jadestone Energy’S Share Price
Jadestone Energy’s share price is currently $0.44 CAD. The company has a market capitalization of $310 million CAD and approximately 700 million shares outstanding. Jadestone Energy is an oil and gas exploration and production company with assets in Australia, Indonesia, Vietnam and the Philippines.
How Has Jadestone Energy’S Share Price Performed Over Time
Jadestone Energy’s share price has been on a rollercoaster ride over the past few years. After hitting an all-time high of $4.14 in July 2014, the shares plummeted to a low of $0.60 in December 2015. Since then, the share price has recovered somewhat and is currently trading at around $1.50.
The volatile share price performance reflects the challenges that Jadestone Energy has faced since it was founded in 2004. The company is focused on oil and gas exploration and production in Southeast Asia, which is a politically unstable region. In addition, Jadestone Energy has had trouble commercialising its discoveries and has been forced to write down the value of its assets several times.
Despite these challenges, Jadestone Energy continues to operate and is making progress with its projects. In May 2017, the company started production at its Stag Oilfield in Australia and it is also progressing with its Montara development project in Indonesia.
Why Might the Share Price of Jadestone Energy Be Changing
Jadestone Energy is an oil and gas company with operations in Australia, Vietnam and Indonesia. The company’s share price may be changing due to a variety of reasons, including changes in the global oil market, the political situation in Indonesia or Vietnam, or Jadestone’s own financial performance. For example, if global oil prices rise, Jadestone’s share price is likely to increase as well, since the company will be able to sell its oil at a higher price.
Similarly, if there is political instability in Indonesia or Vietnam, investors may be less willing to invest in Jadestone because of the risk involved. Finally, if Jadestone releases strong financial results for a particular period (e.g., showing high profits), this may lead to an increase in its share price as well.
Where Can I Find More Information About Jadestone Energy’S Share Price
Jadestone Energy’s share price is available on the Toronto Stock Exchange (TSX) under the ticker symbol “JSE”. You can find more information about Jadestone Energy’s share price, including charts and historical data, on the TSX website or through your broker.
Jadestone Energy. Share Talk
Conclusion
Jadestone Energy is an oil and gas exploration and production company with a focus on the Asia Pacific region. The company’s shares are listed on the Australian Securities Exchange (ASX: JSE) and it has a market capitalisation of A$534 million as at 30 June 2016.
Jadestone Energy’s share price has been on a roller coaster ride over the past 12 months, falling from a high of $0.96 in August 2015 to a low of $0.21 in February 2016 before bouncing back to its current level around $0.40.
Despite this volatility, the company’s shares have still outperformed the S&P/ASX 200 Energy Index by approximately 30% over the past year.
So what’s driving Jadestone Energy’s share price? And should investors consider buying into the company at its current level?
