We would love to hear your thoughts about our site and services, please take our survey here.
https://*********************/companies/uk/oil-gas-e-ps/challenger-energy-group-plc/research/arden-partners/challenger-energy-up-to-the-challenge-initiating-coverage/15_4750/6985596e-4af5-48c3-a191-283206233c61
Words fail me.
ab76
“Debt: Zero Debt
?Working Capital Facility (Per Q4 2021 Update): $2,700,000”
Is that not all a bit misleading? The Q4 2021 Update makes it clear that it is a “DRAWN” working capital facility (or debt, in other words). Somehow the word “drawn” didn’t make it into what you were asked to post.
Ab76
Have you considered selling up and moving on to a more promising scenario?
Silverfox1963
I would be wary of EBITDA: https://www.investopedia.com/articles/analyst/020602.asp
Ab76
“Galeota depends upon fiscal reform and this is positive news. Fiscal reform, although taking far longer than it should, does not appear to have been abandoned.”
But quite possibly plugged and abandoned as far as the Budget in October is concerned…
Now available on the IMC site. Thought they would cover the questions that they didn’t get round to during the recording too. No such luck.
The reason I talk about transparency around HAWs is that I had not picked up on the problems with the previous HAW until Jeremy mentioned them in yesterday’s IMC Presentation. Which is not to say that this setback was not mentioned before, but it certainly wasn’t highlighted.
Selling opportunity? ST’s TRIN tips have tended to be just that.
Should have asked about the performance of HAWs over time and whether there was going to be more transparency this time round.
sainteddonkey
PipeDragger will want to check out the disclaimers while he is at and have a think about the difference between realistic projections and share promotion exercises.
What we will get tomorrow will be the usual mixture of forward looking stuff and useful facts and figures.
We will as ever have to exercise our own judgment when it comes to the forward looking stuff, like I did with whether news on fiscal reform was imminent or not (as I suspected, it was not imminent). It will be interesting to see what the TRIN take on that whole issue is now.
TRIN are an honest bunch. Being led some way up the garden path by the regime on fiscal reform has not changed that, it has just shown them to be over-optimistic. In other words, TRIN let their aspirations become their expectations. And many BB posters duly made the same mistake.
It should all become a bit clearer tomorrow.
Cannot see this doing any harm. Feels like a safe RNS that should be well tolerated.
LuckCounts
TRIN are at the mercy of a business unfriendly fiscal regime. You can keep posting your figures, but the fiscal regime is the elephant in the room. It is difficult to see what more management can do other than keep lobbying. They could suspend the proposed onshore drilling campaign, I guess, or threaten to start deploying capital in other jurisdictions. These would be very bold moves, but would involve a high degree of risk.