Cabot Energy Share Discussion Threads

[investoroilandgas] 29/10/2019 09:47

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

[soulsauce] 29/10/2019 09:37

The final death knell for NOP. Never recovered from Musgroves bumblings.

[maxk] 29/10/2019 09:32

The good ol days..

[bionicdog] 29/10/2019 09:14

Bring back Derek.

[kinwah] 29/10/2019 09:11

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.

[wanderingmariner] 29/10/2019 08:23

The simple fact is they dont give a damn about shareholders, they are purely there to pay their salaries.

[wanderingmariner] 29/10/2019 08:13

Why it has taken them so long I will never know. Same old, "other people's money" being wasted to provide a few people with salaries for a few extra months.

[nutty1] 29/10/2019 08:11

...And it was the NOMAD that waved through the 'whitewash' to create the conditions where H2P could do this. I feel like the company has been taken from under our noses for peanuts.

I do hope Mr Redmayne will be at the EGM and explain why he thinks the whitewash was a good idea.

[kinwah] 29/10/2019 07:35

Delisting announced as predicted earlier this year. What is shocking is that the company reckons it can save up to $1 million a year on transaction and admin costs. What have they been spending money on? You can get a Nomad and broker for £50k a year retainer. Maybe they need to use cheaper lawyers. Anyway the shares will be top of the losers board today unless another corporate disaster beats them to it.

[jimarilo] 27/10/2019 13:12

Currently not holding, but that could change

[investoroilandgas] 25/10/2019 15:40

Hi Jimarilo - have you acquired CAB shares?

[jimarilo] 04/10/2019 22:32

Well spotted, deleted post

[imperial3] 04/10/2019 22:15

Sure thing wm,he picked up the wrong cab,sorry about the pun.

[wanderingmariner] 04/10/2019 20:54

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?

[wanderingmariner] 10/9/2019 12:42

No relevance whatsoever

[nutty1] 10/9/2019 12:11

What is the relevance of this last post?

[wanderingmariner] 10/9/2019 09:23

Not a chance, the liabilities are only increasing due to federal environmental law changes. While the Netherlands wasnt a bed of roses it was so much better than Canada. Look at what Vermillion managed with the old NOP acreage.

[imperial3] 09/9/2019 20:18

You are absolutely right.

[adrianuk] 09/9/2019 19:57

I wonder if the company will ever become cash positive? Seems like the Canadian asset is a liability. Do better to sell it and get involved with a real profit making asset. This is going downhill. Only savior would be Italian asset which is suspended.

[dave4545] 09/9/2019 08:29

Chasing a toptradersadvfn pump and dump can be very expensive

[wanderingmariner] 06/9/2019 21:42

Doesnt mean thenguy himself has any skin in the game. Beware, this is going private

[investoroilandgas] 06/9/2019 20:49

I thought that Scott was a co-founder of High Power Petroleum (H2P) along with the CFO & the CTO. When I look back at the March 2019 Open Offer, H2P invested c. 2 million out of 2.530 million raised. Since March 2019, H2P have invested additional capital in order to keep Cabot Energy solvent.

Following today's RNS, H2P owns 72.21% of outstanding CAB shares.