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Scott Aitken is clearly a very able individual given that he is both CEO of Cabot Energy and CEO of Seapulse.
I understand that he is about to make a number of presentations on behalf of Seapulse, the last Cabot RNS stated that Debt discussions were ongoing with third parties & existing shareholders. I wonder whether Scott is spending time on Seapulse promotional activities because Cabot Energy Debt negotiations are nearing a (satisfactory) conclusion?
1 sale of 16,064 CAB shares takes the price back down to 10p.....will the Market Makers take the SP back down to 8p/9p??
The bid today drops from 12.0p to 11.0p on the sale of 10 shares.....
Thanks, helps a bit. I see the market cap is only £3 million so given they raised £2.5 million that must be why. Cheers.
As I thought, the SP is being reduced on very limited number of sales.
We are in the hands of Scott Aitken, the last thing that High Power Petroleum (60.1% shareholder) and all other shareholders want is another share dilution.
100 to 1.
There was a capital raise via a subscription and open offer, in addition there was a share consolidation. I can't now remember the details of the consolidation but you if you go on to the London Stock Exchange website, the RNS's will be under CAB.
I hope this helps....
Just having a nose around here.... how on earth did the share price go up 50x on April 1st??? That is an absolutely crazy rise I have never seen anywhere.
I read the RNS (not on lse.co.uk!) and it just seems they increased their net reserves, increased predicted revenue and production but that's it. None of this was by a factor of 50!!!
https://polaris.brighterir.com/public/cabot_energy/news/rns/story/wvqn4vx
I bet the share price falls back to 10p to 12p without further news.
Your lucky, I need it to reach 3,220.544p so I can break even haha
Nice to see Cabot share price go up today Just needs to reach £6.60p so I can break even on my investment.
Very low free float Done the research Dyor
Canadian assets have a production facility capacity of up to 10,000 barrels of oil per day, with West Edmonton crude at $60 per barrel.
And.... the Mcap here is less than £5M !!!!
Way too cheap, no wonder this is flying.........
Mr. Krafft & Northeastern Oilfield Services must be very pleased with themselves having bought 5.30% & 4.50% of the shares during the recent Subscription / Open Offer.
We are now informed that debt discussions are with third parties & existing shareholders, the more the better.
From the information provided the company is way undrvalued. Long way to go from current price.
https://www.proactiveinvestors.co.uk/companies/news/218303/cabot-energy-delays-release-of-financial-results-as-funding-talks-continue-218303.html
Article just out on Cab
and 16p paid.
Undervalued Imho Dyor
Top of leaderboard.
80,185 shares bought, zero sold.
12.0p + 26.32%
Suggests limited amount of shares available in the market, PI's hold approximately 11% of the stock.
GLA
Could be todays big riser.
Scott Aitken confirmed in the RNS on 9th April 2019 that the Canadian assets have a production facility capacity of up to 10,000 barrels of oil per day, with West Edmonton crude at $60 per barrel, this share is flying under the radar IMO.
Further to the announcements of 1 March 2019 and 1 April 2019, Cabot Energy (AIM: CAB), the AIM quoted oil and gas company focussed on creating predictable production growth in Canada, announces that discussions with potential providers of finance (third parties and existing shareholders) at both the asset level and the Group level are ongoing and if successful, may require until the end of H1 2019. The Company will provide details of the financing arrangements at the conclusion of these talks. Consequently, the Company will now issue its preliminary results for the year ended 31 December 2018 in June 2019 and hold its AGM in late June 2019.
Scott and his team need more time to talk to "potential providers of finance", that's fine by me but please make sure the new finance deal does not require additional equity to be raised please.
Scott Aitken & his team are turning this company around imo, the final piece in the turnaround plan I hope will be the securing of a debt deal which will allow CAB to drill more Canadian wells without the need to raise additional equity.
Last time West Edmonton crude was $60 CAB was £33m mcap.
1/10 of that now.
Fair value £15m or so.....