Cadogan Energy Solutions Share Discussion Threads

[targatarga] 20/8/2019 11:15

Chill baby... chill

[laptop15] 20/8/2019 09:51

Read the RNSs the information was extracted from them....mr know all

[brumbrum79] 19/8/2019 21:37

For Cadogan's shareholders/stakeholders and a correct approach to the investment, the tweet reported misinformations or uncorrect informations - for example:

Cadogan's Market Cap (today) 15,92 £ Million -> 19,32 US$ Million (based on Gbp/Usd exchange rate 1,2135 - Bloomberg web site).
Because it's unfair compare Market Cap in Gbp to (Net Consolidated) Cash in US$, it's misleading.

Cadogan's Oil Production is 460 Bopd (from 4 wells) -> NOT 600 Bopd;

Cadogan's Blazh-10 Well is producing 275 Bopd in natural flow -> NOT 385 Bopd;

Proger LOAN is 13.385.000 Euro (NOT US$) -> 15.207.000 US$ (based on euro/usd exchange rate of 26 february 2019 - Euro/Usd = 1,1361 - BCE web site);

Cadogan's Consolidated Net Cash indicated 25 Usd Million (?)... When? on 30/06/2019?...
On 31/12/2018 Net Consolidated Cash or Equivalent was 35,17 Usd Million but this data is before Proger Loan execution (-15,207 US$ Million, 26 february 2019).

My expectation about Net Consolidated Cash or Equivalent, on 30 June 2019, is lower than 25 Usd Million.

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My opinion is always the same: Cadogan Petroleum is cheaper and undervalued.
But I don't like misinformations and uncorrect informations.

There's an 'update' (available to all) about Bytlianska, imho stockmarket understimates greatly this 'update'.

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Bye
BrumBrum

[brucie5] 19/8/2019 18:45

According to Stocko it's highly undervalued. Passes four screens. But there needs to be an outer. Otherwise it remains a lifestyle share for the bod.

[laptop15] 19/8/2019 18:39

https://twitter.com/laptop1515/status/1163504408719765504?s=19

[laptop15] 19/8/2019 15:09

CAD results last year 21st AUG so must be close now

[laptop15] 19/8/2019 12:32

https://twitter.com/laptop1515/status/1163412903871078400BEEN BUYING LAST FEW SESSIONS in anticipation of good results

[brucie5] 14/8/2019 10:39

That's probably a correct approach for those who have the patience.

[laptop15] 13/8/2019 17:26

Well someone got fed up waiting today and sold 100k shares, I'll buy some at 6p when it gets there. Mms seem to have plenty to sell for now

[brucie5] 05/8/2019 16:57

Back to base.

[brucie5] 01/8/2019 11:20

Well I recall a certain Monsieur des Pallieres who rejoiced under the aegis of SPQR holdings, dropping by to have this as his plaything. Unfortunately he was as careless of the company as he appeared to be of his £800k supercar and the result was a dismal loss of value - not entirely his fault, it has to be said.

So change of bod not necessarily the best thing, or in interests of shareholders. Depends on the bod. But I would say that if value is there, it's a fair assumption that someone somewhere will find a way to out it.

[itsriskythat] 01/8/2019 10:23

Your hypothesis then is that there is a lack of confidence in the directors as some boards would be capable of reversing this problem. Time for a change of the board or at least the CEO?

[brucie5] 01/8/2019 10:09

Aha, you've stumbled on the enigma that is CAD. I have no answer to your basic question, I'm afraid, but you only have to look at the recent chart to see that it does occasionally rise from its long term slumber. If you're happy to hold for next six months, I think there must be a decent chance to get out again with a good percentage trade. Ultimately, to use the cash they have to find a productive home for is, which is either shareholders or productive assets. Hopefully not directors' pockets, which in that part of the world may not be unexpected.

[itsriskythat] 01/8/2019 08:45

I've a question ..

Is there an explanation for why Cadogan trades below the sum of its cash in the bank and its investment in Proger?

Cash $26m

Proger investment $15m

Market cap only $22m

The market must think the cash will neither be returned to shareholders or put to a specific use. I'm sceptical of companies that just screen dozens of investments and then can't find a suitable home for the cash. Admittedly Cadogan has invested in Proger, but it is unlisted. Any prospect of Proger getting a listing?

There isn't another company in the sector like this apart from Sterling Energy which is sitting on the money and can't find anything to do with it.

Should the market start to properly value the cash and Proger, the share price would double.

[brucie5] 30/7/2019 14:38

Bought a few as a trade, with a sell order some way above current level. I recall having a lot of these some years ago, and being extremely disappointed. Looks like a different company now: small, diversified and profitable. Shows up on four screens on Stocko. But given the geography and some sore memories, I will be content with a small profitable trade.

[targatarga] 30/7/2019 11:14

At least we're back to having to pay the full offer price. Roll on to the next piece of good news!

[diesel] 29/7/2019 16:55

I am surprised the share price is where it is, will try to buy more tomorrow, this is now a solid little company executing its business soundly, growing profits, with an interesting diversification interest, and only valued at about its cash levels....

[targatarga] 29/7/2019 16:30

This should help sentiment!

[akmal101] 25/7/2019 13:21

Buys are not showing up?

[brumbrum79] 24/7/2019 00:10

Thanks for Opinions, recommendations and additionaly informations.

For Spangle:
a) the Monasterytska license average daily production is about 460 bpd -> imho, 460 bpd based on daily production 500 bpd and downtime 7,5% (2-3 days/month for every producing well) so I decided to apply 460 bpd as average daily Oil production;
b) for 2020 Forecast, I don't have any informations and data about Oil rates decline production of the existing and producing Oil wells so I decided to apply a reduction of 5% y/y, please refer to the assumptions. As You know well it's not so simple to find some kind of informations/data...
c) I agree with You about my Assumptions on the 2020, based on informations about Cadogan Petroleum's E&P Pipeline/Projects (Blazh-21 -> sidetrack of Blazh-2; workover and test of other 2 existing wells, 1 Oil and 1 NG; ecc..) I could have increased the production by 125/150 bpd (minimum) in the 2H of the 2020 but I preferred to remain conservative.

For Diesel:
Loan to Proger -> interest rate 5,5% yearly but payable at maturity (which is 24 months). For the 1H2019 Proger Loan interest should be 250.097 Euro or 280.000 Usd, based on Loan execution date 26 february 2019 (124 days);
My main focus was on the E&P segment and whether it was definitely/firmly profitable.

For 1HY2019 about E&P segment my expectation is a revision/up-date of the Reserves (1P-2P-3P) & Resources (Contingent) associated to the Monastyretska license based on:
* Monastyretska reservoir study results (Cadogan RNS 27/09/2018);
* successful of the Blazh-10 well and its High productivity (higher than other 3 producing wells);

Imho, Cadogan is widely undervalued.

ByeBye

[diesel] 23/7/2019 11:26

BB.. Thanks for the input, there is also the interest from the loan to Proger, strange though that deal was I think it could prove to be the catalyst that this company needs. They have tried to expand into new territories but have been thwarted this may well give them the access they need to grow the business.
Ps bought more today, think the drop off over done...

[911man] 23/7/2019 09:22

Clarity of why the CEO left would be helpful. I always thought the Proger deal was odd so would be nice to see that my fears are unfounded.

Regarding the share price. I have been in this one (in varying amounts - some pretty big back in the earlier days)but though I would reduce to a nominal holding just to keep aware. Sometime, something will happen to get a more robust share price movement. But this last movement showed that people get really bored, really easily.