Cabot Energy Share Discussion Threads

[buggy] 13/11/2017 09:11

Recordz,

My feeling exactly... I am hoping for a price of about 10p by mid of next year. Hopefully by then we will have more clarity as to where this is going long term.

by then hopefully we will have a definite news on timelines for Seismic acquisition by Shell.At least by then we

[recordz] 12/11/2017 09:49

They're producing here, which is a good thing.
Many aren't. If they can keep upping production, it will rise, but it's how high they can get production up to.
You know the market though, you can't predict it.
Looks like 8-10p target on the chart, if it goes that way.

[maxk] 08/11/2017 19:04

This is what the present band of brothers managed to produce in the last five years.

[buggy] 08/11/2017 16:00

Today's Proactive Investor interview



www.proactiveinvestors.co.uk/LON:CAB/Cabot-Energy/

[a2584728] 08/11/2017 15:41

I am happy to pick up some more stock under 6p then again under 7p if it goes again

[buggy] 08/11/2017 12:55

bionic,

I am not really too bothered at the daily movements since share is in my Isa, so long as the trend is upwards, I will stick and wait to see what Shell finds in Italy.

Today's pullback was expected on two fronts:
1. plenty of PI that have been trapped in this share seeing the rise as an opportunity to exit.
2. the rise was too much causing he share to appear on Riser's leader board which in turn will attract a lot of day traders and momentum investors. Once the rise started to tail off they jumped ship

[bionicdog] 08/11/2017 12:10

Don't get too excited. They've "undiscovered" oil in the past.

[a2584728] 08/11/2017 11:44

Thanks for the reply

[buggy] 08/11/2017 11:01

Not a chartist, but believe that we are above breakout.
May have read it wrongly, as I have stated that I am not an avid chartist and just have a passing interest in charts.

As a long term investor, I tend not to use charts a lot.

[a2584728] 08/11/2017 10:29

Do we have any Chartists in here? I think we are approaching a break out.? Thoughts please.

[a2584728] 08/11/2017 09:29

I think we are at a re rating point. Another positive RNS should see us get to 6p and IMHO that's being conservative

[buggy] 08/11/2017 09:15

Have it in my ISA so have a few years to go.
Things ticking over at Canada will be nudging the price up and when Italy is eventually drilled by Shell then I expect the company changing event.

From todays announcement, ..."....approximately 0.13 mmboe of production during the year to 30 September 2017..."

This means about 450boe per day production. If they exist the year with about 1000boe per day production, (once you add the results of the Summer work program), then that will do me nicely.

With winter work program scheduled to start Feb/March 2018 timeframe, they may yet meet their target of 2000boe by end of 2018.

All will obviously depend on how well the drill results are.

In the last proactive interview by the CEO he stated that they are already at 800boe , and they still have the last side track to turn on, another side track to drill before end of year and a recompletion well with 50boe also to turn on. That means that unless the last side track is a complete duffer , the target of 1000boe by this year exit will be surpassed.

[a2584728] 08/11/2017 08:21

All looks even better to me. Adding today

[maxk] 08/11/2017 07:42

It's all happening..

[a2584728] 07/11/2017 11:48

Loving the nice slow gain here under the radar

[a2584728] 31/10/2017 14:35

Starting to gain some notice

[buggy] 31/10/2017 11:40

I believe that they need about 800boe for breakeven, the rest will help cash flow.. nothing great but still helpful. High Power Petroleum will be exercising their option to take their interest in Canadian assets to 50% before end of year for $4M payment.

The game changer will be when Shell drills the onshore prospect in Italy, which I have high hopes for .. or if CAB do pull their finger out and do anything in Italy offshore.
Anyway I have these on ISA so I am not in a particular hurry. I am okay waiting up to 3 years as long as it is cash generative and ticking over with the Italian assets. If they can hit their target of 1600-2000boe in Canada by end of next year it may be material.... hopefully it is a conservative estimate especially if they end this year with +1000boe daily output.


www.proactiveinvestors.co.uk/companies/stocktube/8305/latest-side-track-well-highlights-potential-of-canadian-assets-says-cabot-energy-ceo-8305.html

[a2584728] 31/10/2017 09:11

Agreed, I am here for 6 months and if they produce a cash profit we may Be well rewarded

[buggy] 31/10/2017 08:23

A258,

So am I, but it will take a few rabbits out of the bag to change the sentiments on this one. A lot of PI has been burnt by NOP and PI has a very long memory when it relates to dashed hopes and losing money.

[a2584728] 30/10/2017 10:30

I am accumulating

[maxk] 30/10/2017 07:53

Weather update

[bionicdog] 02/7/2017 07:56

I believe the nearest Sam Smith pub to here is in Anerley. He'd fit in quite well there.

Anyway , the purpose of this thread was merely to direct lost souls to the other one.

[maxk] 02/7/2017 07:45

The prof wont like this..