Find Your Broker
Share Name Share Symbol Market Type Share ISIN Share Description
Cabot Energy LSE:CAB London Ordinary Share GB00B0D47T64 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 1.575p 1.40p 1.75p 1.575p 1.575p 1.575p 10,000 08:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 4.3 -3.5 -0.9 - 10.43

Cabot Energy Share Discussion Threads

Showing 2426 to 2448 of 2450 messages
Chat Pages: 98  97  96  95  94  93  92  91  90  89  88  87  Older
DateSubjectAuthorDiscuss
21/11/2018
12:42
21 November 2018 Cabot Energy Plc ("Cabot Energy" or the "Company") Italian Resources Report Cabot Energy (AIM: CAB), the AIM quoted oil and gas company creating predictable production growth in Canada balanced with high impact exploration in Italy, announces the results of the independent resources report on its 100% owned and operated, offshore permits in the Southern Adriatic and Sicily Channel. The results are as determined by Lloyds Register Senergy ("LR Senergy"). Summary of Resources -- Mean Gross Prospective Resources of 933 MMboe of which 793 MMboe are Net to Cabot o 653 MMboe in the Adriatic Cygnus Prospect, with 513 MMboe net to Cabot o 280 MMbbl in the Sicily Channel Vesta Prospect, all net to Cabot Scott Aitken, Chief Executive Officer, commented: "We are pleased to announce the results of the independent resources report on our 100% owned and operated assets in Italy. This reinforces that the Company has a leading position in Italy with over 1 Bboe identified prospects and discoveries. In particular, our Southern Adriatic and Sicily Channel permits provide world scale exposure to high-impact offshore exploration. "Onshore, we have already secured seismic and exploration drilling funding for the Po Valley exploration oil leads through a farm-in from Shell Italia. Offshore, we are in negotiations to secure the funding for 100% of the drilling costs for exploration wells in each of the Cygnus and Vesta oil prospects." The tables below summarise the findings of the resources report as at 16 November 2018: Prospective Resources
tomboyb
07/11/2018
10:11
More biscuits required....! But, seriously, it looks like a very good addition...
forcemode
06/11/2018
10:08
A few less biscuits and a bit more oil by the sound of it.
bionicdog
28/9/2018
09:06
The paragraphs under the Financial Review section make for interesting (grim) reading. Post 88 above seems prescient. On the plus side, there is still a weak pulse.
hashertu
10/8/2018
09:30
wanderingmariner, If I understand the new CEO correctly he is hopping to farm-in /swap part of the Italian acreage for interest in other parts of the world. the Interim Chairman seems to think that they are actually also considering interest in producing assets as well as development assets. www.proactiveinvestors.co.uk/companies/stocktube/9975/cabot-energy-s-new-interim-chairman-sees-substantial-growth-opportunities-9975.html No matter at least if this team do not perform I will be guaranteed that they are hurting same as me. As a matter of fact I will be in profit before they break even on their investment.
buggy
09/8/2018
13:52
Buggy, The systems and processes H2P are talking about were all put in place under the Musgrove regime and were then canned under Cabot management. You are indeed spot on that holes were being drilled in the ground in Canada basically to justify salaries under the guise of something was happening. There was no cash control of any kind with relation to Canadian assets and when UK staff tried to rwign the spending in they were told to butt out. To make any of the reef wells cost effective you basically have to buy a work over rig or two and keep it/them in circulation during the freeze and then pray you have no issues when you cant truck non pipeline connected wells production during the summer. Dont bank on H2P making any head way anytime soon. As for Italy the new guy better have contacts in the ministries in Italy and at a high level otherwise he will purely be another nose in the trough.
wanderingmariner
09/8/2018
09:41
wanderingmariner, Never liked the old lot. Initially gave them the benefit of doubt but clearly they were out of their depth. Raised over $16M last year and only $6.5M left in thge kitty. Guidance was 1500-2000boe this year and yet they only delivered 750boe. their last drilling campaign was a waste of money which bring into question their analysis before drilling. None of the key management including the CEO actually spent any money buying shares , so as long as they are getting their salaries they are more than happy. With the new management mainly from H2P, at least they payed money for their shares and invested heavily at 5p per share in the last fund raising. Not hard to see why they were not too pleased with the performance. At least their interest is aligned to PI, in-spite of what Malcy is saying because he lost one of his cronies. If the share price collapses H2P will feel it same as me, whereas the previous management has no incentive to perform as long as the company is able to pay their salaries. Keith's take in most Cabot presentation was that we will be cashflow positive at 400boe, but in-spite of +700bpd the company was still no where cashflow positive. I had begun to think that they are just digging holes in the ground to justify some activity while drawing salaries. If they really believed in the prospects of the company as he keeps telling Malcy, why not put his own money to invest in the company that would at least have demonstrated some confidence in his own company..
buggy
09/8/2018
09:20
Spangle93, like your comment "The CEO also states that ‘the critical first task is to upgrade the financial planning, reporting and controls procedures to the standard expected by shareholders of a publicly quoted company' which must be pretty galling to the previous board whom I thought had been doing a pretty good job on that front." NOP spent big on a full finance and purchasing controls system only for it to be canned when the company laid off 95% of its staff and replaced it with a Canadian system with no controls etc in place as "that was the way things were done in Canada." Basically NOP/CAB were being run by Canadians when the Alberta asset purchase happened. UK staff challenged the whole thing only to be gradually sidelined and removed from the Company via redundancy. The keg river is a money pit that even the big boys in Canada didnt want due to aging infrastructure and huge abandonment liabilities. Italy has and always will be moneymaker for this firm however with european squeamishness towards any hydrocarbon fuels these days it may be an even longer wait than any of us hoped.
wanderingmariner
06/8/2018
19:32
It has sunk already.
imperial3
06/8/2018
19:09
Have we missed the boat?
bionicdog
06/8/2018
19:08
The curse of Muzzer strikes again.
maxk
24/7/2018
06:32
Blimey, even Malcy is downbeat; maybe he's not paid to flog this one, but normally his offerings are just anodyne reworkings of the RNS Cabot Energy There are more warning signs in this RNS than on most British motorways, starting with the dreaded strategic review, suspension of drilling activity in Canada whilst ‘high-grading' occurs and hiring of a British former army officer (educated at Sandhurst and Exeter University of course) called Hugo d'Apice as Business Development Director responsible for Italy. New CEO Scott Aitken, has said that the company will ‘evaluate its ongoing capital requirements in Q4 2018', enough to send shivers down the spine of investors. The CEO also states that ‘the critical first task is to upgrade the financial planning, reporting and controls procedures to the standard expected by shareholders of a publicly quoted company' which must be pretty galling to the previous board whom I thought had been doing a pretty good job on that front. I hope that the company realise how things work in Italy and that Hugo has plenty of patience as this is a slow burning process, if you get my drift. The announcement comes as no great surprise and after the sacking of the previous board only what was to be expected. There is little value in the company at the moment but expect things to get worse given this grim statement, the only question is probably how low will it go before the major shareholder loses patience and buys in the remainder? It is rare to see value destruction on such a large scale, the shares have halved since November, it could easily happen again.
spangle93
23/7/2018
11:53
Still waiting on the operational review. the old management was ousted just in time...raised about $16.5M less than 1 year ago and only about 6M left in the kitty.
buggy
23/7/2018
06:20
News.....If anyone's interested!
forcemode
16/7/2018
13:58
Nearly there .. what happens then?
maxk
14/7/2018
07:44
Chart says 2.35p.
bionicdog
13/7/2018
22:35
sg31, My very point. The last lot are just there going through the motions and collecting salaries. the have no stake whatsoever in the company, no personal investment except for options they got at 1p each, nominal value hence there is hardly anything they can loose if share price stagnates. they are well paid and as long as they can keep raising money and getting paid they are more than happy. If they had any faith in the prospect for the company you think they would have backed themselves by having a personal holding in the company. At least H2P paid 5p per share for their shareholding so they do have something to lose, same as other PI. My personal opinion is that price will stagnate until the previous lot have totally left the company which will be within the next 2 months and they have mostly exercise their freebie options and sold them. Currently there has not been any announcement from the new CEO so I imagine he is currently reviewing the assets and state of play. after this I would expect at least an indication of the strategic direction for the company. I am a bit comforted that while I am at the moment under water, my average is less than 5p so before H2P sees any money on their investment I will also be in profit.
buggy
13/7/2018
19:31
This has been a lifestyle company for many years. The Canadian stuff is a waste of effort. Strange that NOP/CAB got control of it and not some Canadian outfit. Maybe the Cannucks looked at it and decided it wasn't worth the effort. I asked some Canadian friends about the prospects when Bush was buying it, these friends are all involved in the oil industry, ones a geologist, others are drillers or oil/gas engineers. They were less than impressed. NOP/ CAB is about one thing, the prospects they have in the waters around Italy. this little nugget says it all.... The Company acquired 620 km of 2D seismic across Vesta in 2006 12 years and they've done sweet F all with it. If they ever progress the Italian stuff and strike lucky they will make money. If the last lot were in charge shareholders wouldn't have got a sniff of any money. They would have found a way to spend it. I don't know the new outfit maybe they are straight and will make something of the company, I'm not holding my breath.
sg31
13/7/2018
08:58
Glad to see that the old management has still got their snouts in the trough. Great piece if incentive..... options at nominal value. Any wonder the major holders has decided to get rid of the chancers. Still awaiting the communication of the strategic direction for the company by the current management but one thing is clear; current management can't be worse that the ones that were ejected from this company. At least P2P has skin in the play, they have actually invested money to acquire their position in the company so to some extent their aims aligns with the general PI. The old management did not ever put their hand in their pocket to buy shares... except offering themselves options at 1p, when the share was actually trading at significantly more than that. Heck I even hold more shares that our erstwhile CEO. During the fund raising the management made a token gesture of taking part. [In placing and Open offer to raise $16M our CEO was able to subscribe to a total of £7,000 even though the open offer was less than 60% successful]. No wonder they were not that particular about performance of the company as long as they can draw salaries … they had nothing invested in the company personally and options at nominal value will always be in the money.
buggy
20/6/2018
11:50
The new board must be really pleased with the start of this "new chapter of growth"....
forcemode
18/6/2018
11:33
I suspected that it would not be long before High Power found out that the management are clueless. Once they became the majority share holders, in fact they own CAB based on their shareholdings,I am pretty sure that would not have been happy at the performance since the funding at 5p a share. Neither will the other significant holders who put in their money. New CEO; New Technical Officer and New Financial officer says all they need to say about what they thought about the management. Hopefully the new people on board have a better idea what they are doing.
buggy
18/6/2018
10:26
The Prof on the front door will keep the riff-raff away, and everyone else too. Cunning!
maxk
18/6/2018
09:38
He'll be disappointed then , same as if he asked for a rosé. I'm thinking of putting the prof in charge of security.
bionicdog
Chat Pages: 98  97  96  95  94  93  92  91  90  89  88  87  Older
Your Recent History
LSE
CAB
Cabot Ener..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20181211 12:12:50