CE1 0.00% 0.9¢ calima energy limited

where I should pitch my buy quote.Far be it from me to provide...

  1. 2,791 Posts.
    lightbulb Created with Sketch. 582
    where I should pitch my buy quote.
    Far be it from me to provide investment advice to someone of your experience Granty.
    However, I will say ' Don't be greedy'.
    I agree we have to now downgrade available free cashflow from the producing Alberta assets.
    And we have to discount the likelihood of a buy-back in the immediate future.
    But at this EV of C$65million Calima must inevitably be on the radar of some enterprising private Equity firms not to say hedge funds .
    They can suspend all development activity and live off the residual cash flows for a few years , recover their investment and then deal with- I mean sell- the Montney assets. Easy.
    Then again Calima directors could surprise us all with a Montney cash out ! Couldn't they? and how does a bid at 8 cents look then?
 
watchlist Created with Sketch. Add CE1 (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.