I agree with George which is why I have set a cheeky limit buy to catch a knee jerk over-reaction in the event that production stays the same. The company offers long term quality. The oil price fluctuation is temporary.
What is your purpose here? I notice you've been over on advfn talking down the share this morning. Have you a nice short running?
Tide, I don't think you have offended anyone but I don't think it's possible to calculate what you want. I would suggest you go back through the RNS and look at costs, revenue, cash flow and profits over time. Good luck.
If the MMs would up the bid a bit! Makes my valuation look a bit healthier!
Malcy warned of rumours and skulduggery ahead of the opec conference. But even so, this article is bullish for us shale and caza http://www.bloomberg.com/news/2014-11-25/drill-baby-drill-u-s-keeps-as-opec-power-wanes.html?hootPostID=00b5745e46647cba14f3256f62a54d69
Orchy, thanks for the update, much appreciated.
I don't think it is possible to work that out, tide.
This is relentless. Cmon Caza!
Thanks, I'm in no rush. The value here will shine soon enough, and I am sure the oil price will rebound before long which will also improve sentiment. Maybe not to historical highs in view of global production, but well above where we are presently. The global economy is doing too well at the moment for it to do otherwise.
Nice posts, tradenor, thanks. Any idea of when we might hear news of results for these 3 wells assuming no further delays?
Thanks, Orchy, much appreciated.
I suspect the market is most interested in the latest production figures and the current/future cash position. It's welcome news nonetheless.
Yes, seems at odds with the rest of the market. News coming?
Aye!
Oil up 1%, sp down 5%. Hmm.
Price drops Stimulates growth Demand increases Price rises I think we only have to worry if the global economy goes back into recession and I don't see that happening just yet although latent deflation is a concern.
Saudi Arabia lowered prices for crude exports to US customers ahead of US government data due out on Wednesday which is expected to show that stockpiles rose by 1.9m barrels last week. WTI futures were down as much as 2% at $77.20 a barrel on Tuesday, a level not seen since October 2011. Might be a bumpy couple of days but the oil price volatility will pass and Caza will do well in the longer term IMHO.
Re the drop today, probably due to this from the HL US market report for yesterday: "US stocks fluctuated on Monday, as energy companies dropped with the price of oil after Saudi Arabia said it will cut prices of crude sent to the US."
An old favourite of the blog is Tangiers Petroleum, its latest visit to the confessional otherwise known as the ASX, is to lodge a ‘cleansing prospectus’ to remove any trading restrictions on the shares to be issued with regard to the September the 14th placement. Now I agree that if anyone needs cleansing it is Tangiers but a prospectus doesn’t go nearly far enough and the words ‘Tangiers’ and ‘placement’ should be removed from the language or at least deep cleansed…
Hi Rivendell. Yes, and as a glutton for punishment I'm in SLE. However, if this latest discovery is proven there could be benefits for TPET as there will be increased interest in Morocco and the value of La Dam may go up so keep your fingers crossed. I haven't really been following TPET since selling but I presume there will be some sort of plan to recover some value eventually?