Member Info for rossannan

Is it that positive? The badly judged hedges that are part of the problem are at least are expiring, but there is no sign that the other part of the problem, SPT, is going away anytime soon. I am not expecting much from the Budget on Monday. Amazing lack of interest/volume in TRIN. Investors have watched the potential growth catalysts disappear one by one and have now largely given up.

“A P/E ratio of just 1.4 in 2023”

You will want to kick the tyres of that one!

I am underwhelmed by that update but it is not true to say that if the drilling fails the cash is gone, not when four of the wells are low risk/conventional.

buzzthomas

Surely the warrants are designed more than anything for playing the OM decision?

Yes, all will be forgiven if they show real determination in pressing ahead with stuff they can actually control.

comeonvog

That seems unduly harsh. Is the toxic fiscal regime not the main problem?

The Q2 update in the next week or so will be telling.

Does a drop not feel like the most likely outcome in the short term?

“News out of the company recently has been good imo”

I must have missed that - what news are you thinking of?

Certainly some big trades reported late that look like sales, but happy to defer to anyone who actually pays money for their data!

Ewen27

Probably someone looking exclusively at the technicals - which is a legitimate strategy and in this case has presumably worked well for them.

At 90p the case for a modest buyback program would be made, I think.

PipeDragger

If you listen to the recent InvestorMeetCompany event, the plan was actually to drill this month, subject to the weather.

ableydone

If you listen to Jeremy at the recent InvestorMeetCompany event, it sounds to me at one point as if he is setting out the Government’s list of excuses for why there will be no meaningful tax reform.

I see that some of the link was removed - it was to the Research Tree website. If anyone decides to subscribe and read the note, please take it with a huge pinch of salt.

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.

Folk are entitled to be a bit sceptical about COVID being deployed as an excuse.

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