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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Cabot Energy Plc | CAB | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 1.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1.50 | 1.50 |
| Top Posts |
|---|
Posted at 13/7/2020 12:32 by investoroilandgas I sold out prior to Cab delisting, took my losses & vowed to never forget Scott Aitken & Co. |
Posted at 12/7/2020 23:53 by nutty1 The way it disappeared from view was not good and the way shareholders were diluted to oblivion still rankles with me.I occasionally looked at the CAB website for news, but it hasn't been updated since they left AIM in Dec 2019. What I didn't realise was that all the latest company information/news is on their page on the 'Asset Match' website. I'm sure other folk have realised this, but in case there are other people who have a masochistic fascination with what happened to their company and their money, here is the link: hxxps://www.assetmat |
Posted at 29/10/2019 09:47 by investoroilandgas You're absolutely right Kinwah, I took a punt of CAB last December, I would have been better off topping up my investment in another O&G share. I've certainly learned a lesson here.GLA |
Posted at 29/10/2019 09:11 by kinwah The choice now for investors is to sell or stay in for a long-term ride. I always reckon on having to hold for at least 10 years after a delisting. There will be matched dealings of sorts on Asset Match but that is not easy even for experienced investors. I've had a couple of delisted stocks come good this year after around 10 years of holding patiently but there must be better oil shares to hold than CAB. |
Posted at 04/10/2019 21:54 by wanderingmariner That's Cabot O&G in the US not Cabot Energy. Why on earth would you think the norwegian sovereign wealth fund would hold tat like CAB? |
Posted at 26/8/2019 10:01 by investoroilandgas We have been here before with regards to money running out, High Power Petroleum has previously provided additional capital when required. The wording of previous RNS's indicates that H2P wants to invest "alongside other shareholders" so it would appear that it does not want to completely take Cabot Energy, other CAB shareholders do not share this view.Scott Aitken & the CFO are High Power Petroleum guys, Scott is not actually a Director of Cabot Energy (see Cabot Energy website). The key issue for me is, can Scott Aitken secure a debt financing deal on reasonable terms? If he can't, we are looking at another capital raise, the March 2019 capital raise was done on an Open Offer basis (see RNS - March 2019). |
Posted at 11/7/2019 20:58 by nutty1 I am in agreement with you in that I wouldn't like to see CAB delisted, but I think it will happen. At the AGM in response to a question about delisting, the chairman said that the situation is being reviewed and that no formal decision has been taken. (One wonders if informal decisions have been made though).It appears that there will be a money-raise sometime later in the year and your comment about H2P investing alongside other investors is consistent with what I interpreted the chairman saying at the AGM that existing shareholders will be able to participate on the same terms as the major shareholders (presumably to help pay off the Canadian creditors, the identity of whom no one seems to know). If shareholders don't take up their entitlement, then it seems to me that's more of the pie for H2P to hoover up. With H2P already at nearly 62%, I wonder why they would want the expense and aggravation of an AIM listing. I think we have seen the last AGM of Cabot. I think it is greater than 50/50 now, that this time next year, CAB will have been delisted. Small shareholders will be forced out and won't see the benefits of any restructuring. On the CAB website, there have been no investor or analyst presentations or AGM presentations of any kind since May 2018. I think that speaks volumes about where this company is going. Anyway, as you always say Mr/Ms Investor... GLA! |
Posted at 10/7/2019 21:33 by investoroilandgas If H2P wanted to take Cabot over on the cheap, why did they not do this in Q1 2019 when they launched the "deeply discounted open offer"? Why did they allow Mr. E Krafft to buy 5.30% of CAB & Eastern Oilfield Services to buy 4.50% of CAB? H2P could have taken their share of CAB to over 70% in March 2019.I'm not confident but I am intrigued, Scott Aitken has been using very positive terminology in the recent RNS's concerning asset quality etc & how the new Management team have sorted historical problems out. I have only been invested since December 2018, so it is good to hear the opinions of other CAB shareholders. GLA |
Posted at 10/7/2019 20:19 by nutty1 No, H2P isn't going to let CAB go under. What H2P appears to be doing is hoovering the company up on the cheap.I suspect we have just seen the last AGM of the CAB and I predict by next year that CAB will have been delisted. At the AGM, the Chairman said that no formal decision has been taken about delisting CAB, but my take was that delisting is really what they want to do. |
Posted at 04/1/2019 22:52 by nutty1 It would certainly make sense to take up Open Offer allocation at this price (and I guess the offer will be discounted even from here?), but none of this sits well with me really.The Cabot CEO is on the board of High Power (but not on the CAB board), while the CFO and CTO are on the boards of both CAB and High Power. The Chairman is only there on an interim basis - that perhaps tells us something - and there hasn't been a squeak about appointing a permanent Chairman since Mr Dewar's video interview in July. This leaves Mr Lafferty and Ms Maguire as the only other independent directors. Actually, according to Companies House, Ms Maguire is not even registered as a director of Cabot Energy meaning either information on the Cabot website is wrong or someone has been very sloppy with the company filing and/or checking. I appreciate that High Power now control >56%, but it doesn't look like there is much support from the Board for the interests of the ordinary PI. There has been a lot of noise since September about the need for cash to keep the company going until end Q1 2019. Loud warnings driving the share price down would certainly help any organisation with a long term plan aimed at picking up Cabot on the cheap. Personally, I don't think it will be long before Cabot is rescued by High Power. |
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