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0.9¢ calima energy limited

Ann: Company Update, page-183

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retorn123

1,577 Posts.

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14/07/23

19:03

Post #: 68797244
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Originally posted by TheGoss31: ↑

cmon buddy - even though I am a half glass full kind of guy and have been pretty measured here on ce1 I think reading a positive into no news on drilling capex and no news on dividend is a bit of a long bow.

If anything it’s a consistent theme of over promise under deliver - 100% they said the dividend was in July in the march quarterly (end of April) and the latest they said was q3 (classic push back of the date). I’ll be pleasantly surprised if they actually announce the div in July… 2 weeks left… but don’t hold your breath. I’m still waiting for those drill results from the 2x montney wells - weren’t they due in q2? Hahaha now they aren’t going to be disclosed until early cy24. Pretty laughable tbh

only way this company now recovers is a white knight takeover - That’s why 90% of the posters here that are invested are even considering this. In the absence of that this is a pretty average stock - 10% fcf yield (post maint capex) at current wcs price. Sure that becomes more like 20-40% if was even goes up $10 but likewise it cuts the other way if wca drops from here we are pretty quickly in negative fcf territory.

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im looking forward to this thing completing

the amount of jerks on here who have no idea

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