Australia's largest stock trading and investment forum Australia's #1 stock forum

CE1

Click for more information

0.00%

0.9¢ calima energy limited

Ann: Rising oil prices - Hedging Update, page-75

First 75 Last

Share
Profile

Follow
Quest09

1,016 Posts.

137

05/10/23

21:28

Post #: 70198192
Share

Originally posted by Quest09: ↑

CE1 looking primed for a breakout IMO.

- currently undertaking a drilling campaign for 3 new wells (Attachment 1 & 3).
- $7.5 million capital return, equalling 1.2c per share due this month (image of announcement below).
- oil prices in an uptrend and looking strong (attachment 2 & 3).
- Auctus Advisors have a price target of $0.45c (attachment 5).
- management have been recently buying on-market.
- top50 shareholders control 63.6% of CE1.
- Canadian players have presented takeover bids for CE1 in recent past, and future bids are being speculated.
- strong news flow expected in the short/medium term due to drilling campaign and due to talk of potential takeover bid.
- Annual revenue = AU~$98 million dollars.

Current market cap AU$~ $58 million

Significantly undervalued IMO

Expand

An informative article on CE1

Calima Energy Limited’s Chairman Mr Glenn Whiddon Unveils Promising Developments in Brook’s Assets

Link to article: https://colitco.com/calima-energy-limiteds-chairman-unveils-promising-developments-in-brooks-assets/

Last edited by Quest09: 05/10/23

CE1 Price at posting: 9.2¢ Sentiment: Buy Disclosure: Held
4 Upvote

0 Great analysis

Reply

Top Stories

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

Bitcoin jumps 8% to beat record on Trump vote optimism

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

There are more pages in this discussion • 6 more messages in this thread...

First 75 Last

Add CE1 (ASX) to my watchlist