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I disagree Dave. The company were clear the first milestone was 60mmcf with a gradual increase to 90mmcf as wells clean up. Even at 60mmcf we are banking $130,000 in cash every day. That's $12 million a 1/4, just from Casca! Add Coho and FCF is more than a 1/3 of current MC. We should ramp to 200mmcf from Casca and improve Coho to 24mmcf within 6 months. That's more than our current Mc in FCF within 6 months... Anyone selling is either really bad at maths or hates money!
Sexy at this price. Imagine if TXP drop they're at 90mmcf before the meeting next week. 50% more gas should see us trade in the mid 80's, even 90's
I believe many investors don't know how to value a company and are driven by sentiment rather than fundamentals. Many expected an announcement to create a large jump in the SP. When it didn't happen they all started panic selling. Lemmings follow each other off a cliff... Now we should attract more savvy investors who see value and a steady SP climb with profitability and further exploration paid for with cash flow.
Should just buy at 66p. It will move up from here. Buyers arriving with cash flow
Well, 19,600 to round my total to 100,000
I bought 20,000. Now is the time to buy!
Agree, a 1% yield is utterly pointless.
Buyers incoming...
That's because no one wants real companies that actually generate money. Look at Nvidia, P/E of 250 and people still buy it. "It's the future" lol. Things will change when dividends start, totally different type of buyer. If TXP announce dividends in a year this will be £2+
End of the month we find out 5 year plan. First step should be Cas C well development and increase to 200mmcf. 2 more Coho wells and to more than double production there. This is next 6 months stuff and we almost quadruple current production. That's 140p locked in (IMO, DYOR). Then we have rig to re-test Royston and possible 20p SP jump if successful. Then the really exciting stuff starts. More drilling at chinook, Kraken, and the Cipero block. Lot's of chatter about Cipero having Cretaceous potential... 100,000 bopd will see us all retired. No chance anyone is getting back in at these prices when Casca hits 200mmcf, or even when Coho is cleaned up and expanded. Buy, hold go to sleep and dream about what to spend the money on
Oh and checked out Shanta... Looks good. Taken a nibble
Yep. Market just doesn't want to go risk on at the moment, which is actually a good thing as we can keep buying what is now a cash flow monster at a discount for what will be the inevitable re-rate. Buy, hold and this time next year rodders...
£50M EBITDA with little debt. Yes please :)
Someone save me some time and tell me their bull case for this stock?
Who's the gold producer ID ? HUM?
Nope, Brit from London here.
Not for long buddy. Photo's have been posted of the flare at Casca burning brightly. One suspects they are not far from 60 mmcf and we will be told this soon. From then on we have all good :)
Perhaps, but all this talk of raise seems overblown. Just bed wetters being bed wetters. Gas is paid for every 30 days and liquids paid on delivery. So TXP have cash flow from next month for Casca, on top of Coho. Just need flow rates to move this back to the 70's, then Cas C spud should see 80's and up from there.
A raise at 10% and will will not see 90p again until 2025. TXP will join the very long list of AIM sh** Co's...
About 7% difference between Canada and here. That gap can't last long if Canada heads higher this afternoon.