We would love to hear your thoughts about our site and services, please take our survey here.
Tony - Do you think there is potential for some positive surprises from our 2022 capital program? Quite exciting what Shubham Garg had to say regarding the Cenovus acquisition.
Shubham Garg : https:// youtu.be/ RcIhdg8U3uM?t=3787
"There is so much optimization which is sitting in these assets that is not accurately reflected in the current production . When i saw that I3e got a 10k (actually 8400) boe asset, for me its a 15-20k asset. If they put the money in pump changes, fixing up pipe lines, swabbing water wells they can get production up at very good capital efficiency because Cenvous just didn't care and had bigger fish to fry."
Funny how we track oil so closely. Oil goes up/down couple of dollars and the buys/sells come flooding in. We are being controlled by big pocketed automated traders. I've also noticed we are currently tracking GKP nearly identically . GKP hit £3.21 crashed down to £2.27 and now is £2.46. We hit 32.7p down to 22.2p and now at 24.8p.
Tony - Talking of Warren Buffet he is using these dips to add to his already huge positions in Occidental Petroleum and Chevron.
https://uk.sports.yahoo.com/news/warren-buffetts-berkshire-hathaway-plows-103416466.html
I believe the point GGG is that the market continues to significantly undervalue Canadian oil shares. If the buyers aren't there (and might never be) because of Greta and investors now preferring ponzi stuff like Bitcoin/Tesla/Gamestop/AMC/ARKK etc Only way to get share price to fair level is do the job yourself and buy the stock at price which represents significant value.
I'm looking to sell here north of £1 based on my belief oil will trade at $140+. Saying that though if i was given 40p on Monday while trading at 25p i would happily accept it, move on and look for the next one.
When stock dropped to 23.45p Friday Majid/Graham should have been buying back stock frantically. This is the strategy Eric Nuttell is strongly recommending. I don't see much evidence they are listening though. Hugely undervalued share price, smallish dividend relative to profits and no buy-backs. Hoping for a massive dividend next year is we still at these silly levels and oil $90+
Seav - Big holders selling does not count as a risk just a temporary blip. Also, since they sold at 27p share price has gone up so we don't know what happened to those shares. Shubham Garg has a price target here of about 43p WITH OIL AT $70. With oil at $120 his target is about 90p!!! What about if oil goes $140+ ????
https://www.whitetundra.ca/pricetargets
Reminder that Simon Thomson said something was going to happen regards Covid detector in April now we are well into June and of course absolutely nothing!! The way KMK treats shareholders is one of the worst I’ve ever seen and that’s saying something.
Tony- Eric Nuttal is recommending no investment just dividends and buybacks until Canadian oil share prices get to a reasonable level which would be 2/3x from here at current oil/gas prices. Also if oil trades 120-150 rest of year why on earth could we not see a 100m dividend next year?
After watching some Eric Nuttal interviews I came to the realisation that providing oil prices stay high rest of 2022 Majid/Graham are probably going to go BIG next year with the divi. We could very well see a $100m divi next year paid out in monthly instalments. That would probably put us over £1 share price.
Another dip bought and Oil now looks on cusp on big upwards move to all time highs IMO. Some on here said will never go above $140. Well we are at $117 now so i hope you lot have opened a massive short?!
Some of you here being very foolish. Stop looking at share price and look at oil/gas prices. We are printing money right now and could be on cusp of oil/gas moving even higher which could see our profits go stratospheric.
Who cares "Gusto1". The markets had a massive crash yet Oil is still $110 and Gas: 8$+ . We are printing money at an unbelievable rate and still with hundreds of no risk drilling opportunities in safe Canada. I don't care about share price movements right now i care about oil/gas prices!
financialpost.com/ commodities/energy/oil-gas/eric-nuttall-energy-stocks-remain-woefully-undervalued-despite-the-massively-bullish-backdrop
"Don't let fears of a recession keep you from seeing what we see..."