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Chariot Oil Share Chat (CHAR)



Share Price: 8.50Bid: 8.40Ask: 8.60Change: 0.20 (+2.41%)Riser - Chariot Oil
Spread: 0.20Spread as %: 2.38%Open: 8.40High: 8.60Low: 8.40Yesterday’s Close: 8.30


Share Discussion for Chariot Oil (CHAR)


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Blackfisk21
Posts: 895
Off Topic
Opinion:No Opinion
Price:10.50
View Thread (3)
RE: Investing lesson basic 101.
26 Nov '14
I take it that there is no positive terrace talk in Perth?
 
Wheep0
Posts: 383
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:10.50
View Thread (3)
Investing lesson basic 101.
26 Nov '14
Guess all long term holders could do with some right now... what a blimin joke, so pathetic and depressing does not even warrant an active board ATM... Shut it down, suggest all holders boycott from posting anything until compnay provides clarification on where and what we have invested our money in !
MrJinx
Posts: 410
Off Topic
Opinion:No Opinion
Price:10.50
The SP.
26 Nov '14
According to my rusty arithmetic, sells have outnumbered buys, over the past week'ish, by about 4:1. Yet the share price has fallen only about 2% with the 'Ask' not dropping at all from 11p. Not sure what I'm highlighting but interesting all the same.
If the BoD are still committing themselves to developments in H2 2014, with only 8weeks left, (7, discounting Xmas) then surely there MUST be something in the pipeline. I find it really hard to grasp that they would set themselves up to fail this late in the year.
mikem004
Posts: 176
Off Topic
Opinion:No Opinion
Price:10.50
Net asset value vs. market cap
26 Nov '14
If our net asset value (NAV) is way over our market capitalisation, surely that make us a prime target for takeover?
Especially as our SP is drifting lower by the week.

All a predator has to do is offer a premium to the current SP.
Blackfisk21
Posts: 895
Off Topic
Opinion:No Opinion
Price:10.50
Question
26 Nov '14
Woodside probably benefited a lot from buying in to Chariot's Rabat license and seeing its data. Was there any obligation on Woodside's part to offer Chariot the chance to buy a stake in Rabat ultra deep as a result? Could this be the new venture? (I'm guessing not, and that the new venture is with Cairn in Mauritania....)
Gster
Posts: 147
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:10.50
Pm
26 Nov '14
I know which way round it is. and I don't agree its small %.. right now chars activity relates its MC , that's to say its inactivity . And they are now further on the hook than say 12 months ago when its cash postion was stronger and the commitments to set aside the cash were less onerous.

In any case NAV and takeover value IMO would not be related . (Again for the record no value take over IMO).

It's like saying you have equity in your house . On paper yes but someone has to value it equally for you realise it.

CHARs house needs a bit of Sarah Beenie ;) .. To reach NAV never mind premium.

Of course there is always the possibility they someone could make a low ball offer with a longer term upside for the board... and to hang with the PIs in the process. Seen it happen.

On time frames Quarters to halfs to years ...
Pegasusmarine
Posts: 929
Off Topic
Opinion:No Opinion
Price:10.75
Gster
26 Nov '14
Thx Gster. The mc is a small % of the NAV not the other way around I.e our market cap is way under .. Assets valued at zero by the market .. Any bid would flush out others . My guess is woodside. Clock is ticking on H2 - the company has just put out a presentation showing key milestones completing in H2 - I will believe it when I see it..
Gster
Posts: 147
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:10.75
Pm
26 Nov '14
Thanks, although I did see that

I don't read it as having a premium attached , NAV stated at half mc.

I think it would /will be different if playing from a position of strength . Unless we have been excluded from some value enhancing information..
Pegasusmarine
Posts: 929
Off Topic
Opinion:No Opinion
Price:10.75
Entangled
26 Nov '14
:-)
ENTANGLED
Posts: 462
Observation
Opinion:No Opinion
Price:10.75
woodside
26 Nov '14
Woodside Pertoleum Ltd. announced Wednesday that it has entered into a contract for an exclusive Reconnaissance License (RL) with the Office National des Hydrocarbures et des Mines, the National Oil Company of the Kingdom of Morocco, to explore a block offshore Morocco - See more at: http://www.rigzone.com/news/oil_gas/a/136104/Woodside_Gets_License_to_Explore_Moroccos_Rabat_Ultra_Deep_Offshore_Area?rss=true#sthash.9r9papGn.dpuf





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