CE1 0.00% 0.9¢ calima energy limited

Ann: Company Update, page-3

  1. 8,386 Posts.
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    Very heartening to see there have been three unsolicited offers.
    Also great they aren't going to accept a lowball offer even if it's at a premium to current market cap.
    I am not in this stock for them to sell assets below market price.
    Also worthy noting is that earnings to price ratios, themselves, do not account for the large (but non-earning) Montney assets.
    I am not that surprised by this outcome given smart players are only going to lowball given the low market cap (relative to assets). Wouldn't be surprised to see a takeover offer in the near-term either.
    In the meantime, looking forward to another dividend.

    Last edited by invertedva: 26/06/23
 
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