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: Pisces 8 and 9 Well Tie-in Complete, page-7

First 7 Last

Share
Profile

Follow
GARP Investor

234 Posts.

83

23/03/23

12:21

Post #: 66920121
Share

Originally posted by BerserkWarrior: ↑

Right between the eyes James! In fairness they did increase production marginally but to what end & at huge cost? KPI's for management options were based around small increases in production which they achieved (no surprise there!). Profitless growth delivers nothing for shareholders. The production business is hugely capital intensive. And this whilst WTI was substantially higher than it is now. Unless oil increases by US$20 a barrel don't expect any cashflows being returned to shareholders because there won't be any available. Freeman, Whiddon & Kevol are corporate spin doctors....look at the numbers, they don't lie. You don't have to be giving away tacky lime green caps at conferences to pitch a good story...it sells itself. Oil prices aside, everything here depends on a favourable Montney deal &/or a jump in commodity prices. CE1 is a hampster on a wheel.....doesn't matter how fast it runs.....it's gone nowhere

Expand

glad some more are starting to realise this is a dog. Management are typical hype men, who can't deliver anything for shareholders

CE1 Price at posting: 10.5¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

BYH

Bryah gains $408K government rebate for work on copper target Narracoota

Talking the US election, the spectre of Trump and what's hot on the ASX200: Wealth Within

IVR

Investigator Resources hits 8m @ 1.06% copper on-site Stuart Shelf JV project acreage

AI stocks: What to expect in 2024-25

WC8

Leia pegmatite pulls up recoveries of 84% lithium for Wildcat in WA

There are more pages in this discussion • 3 more messages in this thread...

First 7 Last

Add CE1 (ASX) to my watchlist