CE1 0.00% 0.8¢ calima energy limited

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  1. 6,132 Posts.
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    Only a matter of time before, CE1 starts moving higher here unless we see production issues. I doubt that will occur.

    Running the simple numbers for 2022 on 5500 barrels per day (+ any upside) at 35usd AISC (higher end) and today's 72usd POO gives us annual circa 67.5musd / 90m AUD.
    Nearly the entire MC. Payback at current prices and growth, makes this a no brainer for any energy bulls.

    I already own TVE/BTE/CJ all TSX Oilers with much larger profiles thus more leverage to POO. But i feel right now, $CE1 is probably the most undervalued, SP should be 30-35c range IMO. Any exploration upside, Oil breaking 75usd and going to $100 and production growth, could see 80c.

    God forbid is CE1 hits 10,000 boed ! $1+ at current oil prices

    https://hotcopper.com.au/data/attachments/3586/3586017-a975f3aa9383babc8d0e9a4c9654acd9.jpg


    My play book for energy

    XOP takes out 100 and Oil 75 and we are going to move into the next leg of the bull.

    https://hotcopper.com.au/data/attachments/3586/3586000-d0fa1997af59d0b000466f3ac317c096.jpg


    Oilers cheapest they have been in 25 years odd, thanks to ESG mandates and funds becoming woke. Great opportunity here.


    https://hotcopper.com.au/data/attachments/3585/3585953-7a24dc09232999b1885ee8daeee3568a.jpg


    Huge upside in across the sector, so not only $CE1 lagging, otherwise would think it would have underlying issues.


    https://hotcopper.com.au/data/attachments/3585/3585972-eab0bbcf2431915b8a1c61b25e6182d6.jpg

    Ill add these players (pick your poison) have HUGE TAX POOLS (credits) they have. So all the money they make for the first few years depending on the oiler, is tax free. Debt reduction, share buy backs and dividends across the board will get investors interested again.

    BP already has seen 200m of investment, surely some credits for CE1 (anyone know) ?

    https://hotcopper.com.au/data/attachments/3586/3586032-28859a57b71ebf35882798937e6cebec.jpg




    CE1 Chart 2 year base, once 23c goes, not hard to see a huge thrust move to 35c+ IMO.

    https://hotcopper.com.au/data/attachments/3585/3585959-53ae03e0e78db069ca1e4c38ffe95d72.jpg



    Good luck to all.


 
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