The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Another strong drilling result for CAZA. Pity about the 15% working interest. Who shares the 85% interest??? I see Malcy has changed his tune!!
How is borrowing 4 million dollars over the next 30 days to cover operational costs good news???
Strong result for CAZA today. Their continued success at the drill bit speaks volume. This highlights the management’s skills and expertise in hitting the sweet spot! Once we reach the magical mark of 2000 BOEPD net to CAZA this will fly. Only a matter of time until we reach it. In the meantime it’s hard not to believe that some of the oil majors operating in this area like Concho, Rosetta, Devon, EOG, Occidental and Yates will not be viewing CAZA as a potential takeover target.
strong buy!
Well said. Malcy is well respected within the oil industry. He calls it $60 a barrel of oil the bottom and $70 reality! That’s a fair enough assessment at present. It’s clear that poor market sentiment and the collapse in oil price is driving this down. Good article in the Times a couple of days ago highlighting traders are taking advantage of the current situation and shorting oil stocks.
earlier at 13.27. Probably a shorter covering his ass
CAZA so unloved? I've lost a fortune here but continue to see a sound forward focused company with strong management delivering results at the drill bit. The decision to hedge 75% of its oil production through to 2016 shows good business acumen. Yes the current oil price is a huge blow but surely this is oversold.
auction
Yes netback is $51 dollars a barrel! All looks well to me and their success rate drilling is excellent! Compared with LGO who have net back of $22 / barrel , lower production and a market cap of 100 million the mind boggles!
This oil price fall has hit Caza hard. That 18p placement in the summer was very shred! This is surely way oversold and as Malcy says hugely undervalued. When will the market recognise the potential here??? Did anyone see those 3 x large trades of 480,000 yesterday afternoon on L2? It may have been walked down to the 9p level to accommodate that. Who knows…..smoke and mirrors
got a load of cheap shares yesterday at the 12-13p bracket. Who ever sold at that level must need there head examining. When this reaches 2000 boepd this will fly! We are already producing more than LGO and they have a market cap today of £113 million! I'm banging my head against a wall like Malcy!
Complete over reaction. As soon as the oil price stabilises so will this SP. We have production revenue of 1300boepd net to caza and a mcap of 29 million!
Nursing big losses here. How low will it go!!
We're all surprised at this low SP! Anyone buying at this level is getting a bargain. The market will hopefully wake up soon
Ridiculous Market Cap. Alright the oil price is suffering but we have 1300boepd net to caza. Great buy in opportunity
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called this wrong
This will be back up Monday morning. Net to Caza is 1300 BOPD with a current market cap of 38 million! LGO produces 1000 BOPD and has a current market cap of 135 million!
an article in Money Week on Trinity Mirror this week. Quite bullish