I think it’s clear the vaccines are the beating of covid, so as the world gets jabbed we can return to business usual, all the stimulus money should help demand. The stock market is forward looking and so I’m with KK. It’s the forward looking statements from Casp that are the most important, Deliver on the potential…. Any of it!
The sp hasn’t increased with the price of oil because they have killed the demand for shares by their inability to communicate and operational incompetence. I’m not sure which is worse, they both stop people investing and so we sit at 2p with no trades.
A baffling raise communicated badly. At 2.35 the taker will have to sell them at a loss if they sell now. If it was because we are skint surely they would have demanded a discount so they could get rid straight away,which they surely would do if we were so poor we couldn’t pay them 70k. I’ve emailed Clive for some guidance and will post any replies.
Bebold a gusher would be nice but at this sp all we need is any positive news. We are only just above the pandemic lows when oil was on the floor. Another Mjf well pumping 200bopd is that too much to ask?
Next news will probably be results. It’s not going to look pretty due to covid and the oil collapse, I’ll be more interested in how it looking going forward, we should be doing ok now but it would be nice to see what they plan operationally, will they restart the Mjf drill campaign in full swing, wasn’t it 20 wells by 2021:))))
I’ve been mulling yesterday’s rns. Caspian are usually very slack in reporting news full stop let alone relatively minor information like the domestic oil price. It was released on a Friday, is that the first ever positive rns on a Friday? When it came up my heart sank. Is this a new strategy? Let’s hope so, starving us of information is not a good way to build investor confidence. I’d be interested to know where they got the fraking idea from. Has it been used at these depths before?