Capricorn Energy Share Discussion Threads

[anley] 13/6/2023 13:41

The 5 Deltic JV licences are for sale but everyone who is anyone has had a look and will wait for summer to come and go +++ the political issues so it would be best if they were written off....................hold on everyone as there is the possibility that there is 2trillion of gas so it may pay CNE to talk to Deltic because if not then some of the licences will go back to the old Oil/Gas authority and that will mean writing off the licences - $12m est.

[grahamg8] 13/6/2023 07:25

Hi Churchill. I agree the money is there at the moment. But the caveats are the ones the Company have highlighted themselves. There’s lots of uncertainty, and that includes potential on the upside. Lumpy ride ahead. Let’s hope we come out on top.

[churchill2] 12/6/2023 11:22

Hi grahamg8
You seem to paint a picture that is not as black as you indicate. Capricorn at the 31st March 2023 had a cash balance of $646 of which $450 was returned to shareholders. Another $8 has been spent on buying back shares. Therefore the Company should be able to spend another $17 on buybacks and return $100 to shareholders in the form of a dividend.
This would be approximately £80 million divided by 140 million shares equates to 57p a share and a balance of S71 million left over.
However I do agree with you that from here going forward there are a number of uncertain issues you have highlighted so it may be fingers crossed and hope for the best.

[southcbubble] 12/6/2023 08:15

Well they have bought more shares today, and the share price again falls further, Perhaps they should stop buying their own shares and distribute the remaining funds to share holders via another dividend.

[grahamg8] 12/6/2023 07:16

Agree the falling share price is a concern. The simplest explanation is that PI’s take a lot more notice of the people in charge, and at the moment we haven’t seen how well they perform.

Lots of uncertainty from the direction of the oil price, exit price achieved for asset disposals, Egypt creditors and contract renegotiations, cost savings.

If this all goes well we get our $100m, if not the Company is in serious trouble and the share price will plunge.

[southcbubble] 11/6/2023 21:28

Depends if they pay a dividend, only time will tell, but the share price is falling day on day, even with them buying shares.

[grahamg8] 11/6/2023 09:48

Southc I don’t follow your logic. The (semi) commitment is to $100m payout. If you have fewer shares in circulation you get more per share not less?????

[southcbubble] 08/6/2023 22:35

The NewMed deal was better than what has happened with the share price falling day on day, and now we have almost half the shares we had before the consolidation, so if there is a dividend later in the year, we will be getting a lot less dividend because we now hold less shares. PI's have been shafted yet again!

[silverstone1] 07/6/2023 23:23

GUY553, WHY DON'T YOU HOLD CNE IN CERTIFICATED FORM, TO RECEIVE DIVIDENDS AND DOCUMENTS IMMEDIATELY? I DON'T KNOW ABOUT BARCLAYS, BUT JIM ONLY CHARGE £10 + VAT, TO WITHDRAW A SHARE CERTIFICATE!

[guy553] 07/6/2023 16:34

Yea at last Barclays have been deposited with the funds.

[guy553] 06/6/2023 15:30

Still no! Is anyone else still waiting?

[anley] 30/5/2023 16:20

YES the dividend cash was cleared 26 May.

[p6r0] 26/5/2023 14:25

Anley,
My dividend reappeared yesterday afternoon back to my ii account.

[anley] 26/5/2023 14:17

has anyone else had their DIV?

Thanks

[jaf111] 26/5/2023 06:51

Divi has now been reappeared in my II account……;.fingers crossed it doesn’t disappear again!

[silverstone1] 25/5/2023 23:02

FINKIE, IN AUGUST 2021 CNE WERE LESS THAN 125P, BUT MY LARGE TRADE WAS EXECUTED AT 125P, SHARE PRICE CHARTS HAVE CHANGED DUE TO THE RECENT CONSOLIDATION!

[guy553] 25/5/2023 12:24

Nor me, I'm with Barclays

[guy553] 25/5/2023 12:23

Still waiting on mine

[finkie] 25/5/2023 11:53

When were CNE 125p silverstone

[silverstone1] 25/5/2023 11:06

ADG, THANK YOU BUT I BOUGHT A 7 FIGURE SUM AT 125P IN AUGUST 2021, SO AFTER THE TENDER OFFER AND SPECIAL DIVIDEND, I'M ALREADY IN PROFIT AND RUNNING MY EXISTING SHARES FOR FREE WHILST WAITING FOR FURTHER PAYMENTS!

[finkie] 25/5/2023 10:10

Sorry to be dull but I haven’t got this position mathematically 😣 after receiving the cash we get a dilution of 33/70 shares at todays price with cash received where does it leave us?

[adg] 25/5/2023 06:12

Ouch…. 7 figures of CNE shares that have fallen short of your many statements of CNE true worth by about £2 a share or thereabouts - that’s “ 7 figures” of shares multiplied by £2 so at least £2million shortfall of what you were expecting - that must hurt Silver, hope it comes good for you

[silverstone1] 25/5/2023 01:01

SPBCSCW, I TRADE VIA JIM IN CERTIFICATED FORM AND AS ALL OF MY TRADES ARE 7 FIGURES, I CAN'T RISK JIM COLLAPSING BECAUSE I WOULD ONLY BE GUARANTEED TO RECEIVE COMPENSATION OF £85,000!

[silverstone1] 25/5/2023 00:40

CONTROLLEDMADNESS, YOU OBVIOUSLY CAN'T READ BECAUSE I SAID ONLY DEATH AND TAXES ARE GUARANTEED, BUT EGYPT PLUS CONTINGENCY PAYMENTS SHOULD BE WORTH MORE THAN 300P PER SHARE!