Caspian Energy Share Discussion Threads

[moggey1970] 05/5/2007 13:57

well they are down 18% on the tsx so it cant be good

[cleo1601] 04/5/2007 16:08

Is this good or bad? or perhaps good AND bad? Help!

[cleo1601] 03/5/2007 16:55

HD
Many thanks... really got everything crossed here - fingers, toes, eyes... been busy working for a few days so haven't had time to call in and turn off the lights. Be really funny (and wonderful) if CEK lives up to its promise, only a bit later than expected! Glad you held on and hope you benefit massively really soon (and me of course!)

[hiddendepths] 01/5/2007 09:20

Shh Robin!

Cleo - well, according to my Max contacts the CEK acreage is very good and there ARE good fields to be exploited. It's just that the operational problems have led to to delays and a big financial headache.

As for Max, they may run into similar problems but they've now got a lot of financial muscle and it shouldn't be a major problem for them - or us!

[robin_of_loxley] 30/4/2007 17:43

nice to see its still rising :-)

[cleo1601] 30/4/2007 17:25

Shhhh... i've come to the conclusion we all have to be very quiet for good things to happen here. up to 124-125 now on TSX - quite a turnaround.

HD: intrigued here also. It's so long since they suffered their various problems I've forgotten what we're exactly waiting for! do we know for certain if the rig's been released to Max? (and is Max likely to suffer similar probs - my nightmare scenario!)

[tinvan] 30/4/2007 15:45

I'm still here too, Cleo. Losses now "only" 30%. In the darkest hour some of 'goemans' comments on the Stockhouse board have kept me going.

[hiddendepths] 30/4/2007 08:50

Still got all my shares here. Intrigued by the ongoing recovery.

[cleo1601] 27/4/2007 14:54

Looks like Mr 300 is back

[cleo1601] 27/4/2007 12:11

totally agree. Max is a puzzle and I'm never comfortable whether I'm in or out of it! Sometimes wish I'd just hung on to the 10k I bought at 49p... Now, I do intend to keep my CEK and GED shares. In bad market conditions the producers are the ones to survive and sentiment can turn in a trice on the "promising darlings". Just hardly worth the aggro.

[rupe1958] 27/4/2007 11:55

Cleo - if MXP have any of CEK's technical probs in the deep wells they are about to drill sentiment could easily turn. Market cap is over £500m at this point. But for the moment it's a raging bull. Huge volume and a relentless rise. My guess is that it will get close to £2 in the short termm and then fall back a bit.
I posted onto the MXP board back in Feb saying I thought it looked pricey at 85p, and was told by about half a dozen well-informed posters that ths was rubbish. Luckily I took thier advice and bought some.
But definitely a risky buy at the moment, I think.

What puzzles me is why CEK's market cap is so low. £40m according to the ADVFN screen, but I haven't checked to see what it is when fully diluted.

I suppose this makes it comparable to GED and that they are both great value.

[cleo1601] 27/4/2007 11:12

Rupe
Not worth selling the VOG I've got left, so I'll let them continue to grow mould. Maybe I can start a mushroom farm one day.

GED is one of my favourites.

I wondered if MXP would be limited by the association with CEK's area and the latter's difficulties make me cautious of Max, whose own shallow results are not quite as hoped for, are they? perhaps the terrain is very much more difficult than anticipated.

CEK: who knows? is the sudden flurry of buying on the TSX simply a bounce (then why not here also?) or does someone know something? I didn't monitor the trades in the past few days, but there was certainly someone quietly accumulating in small lots a while ago. I guess news will arrive when we've finally given up expecting it and all will be revealed - or it will be inconclusive!

Good to know I'm not toally alone here

[rupe1958] 27/4/2007 10:49

Cleo - there has been a nice rise in this share in the last few weeks. Up around 50% (I think its low in CAN$ was around .75c and it's now 114c.) My av purchase is 87c
Am not sure what is taking it up so fast as they are late with the scheduled news, but guess that this a bounce from being oversold and maybe MXP's continued strength (steady now at 170 after wobble) is lending a hand. I've sold 50% of my MXP holding and will add to CEK it it dips a bit.

I'm a little worried by the lateness of the news, though.

I read in your recent posts that you're a VOG holder. Unfortunately so am I. Bought at £1.20 thinking they looked good value. Now have a big loss. Are you going to hold on, or cut your losses? I'm unsure.

See that you are like GED. Lookslike good value.

[cleo1601] 27/4/2007 09:16

Well, we close up 11.8% in Canada and up only 2% here - and no trades. Is it the same company I wonder. And am I alone after all? edited: typed 1.8 instead of 11.8!

[cleo1601] 26/4/2007 19:53

twice today I've come across the quote that making money is not in the buying or selling but in the waiting, so I'm making a lucky 3rd by putting it here. Meanwhile, this is up to 115-117 and I'm beginning to look forward to tomorrow. perhaps our patience will be rewarded after all?

sorry if I woke anyone

[cleo1601] 26/4/2007 19:01

very nice rise on TSX tonight - someone just sold some for 110c

[cleo1601] 20/4/2007 16:22

All the best hercy. Hope your timing is better than mine - for all our sakes. Our Canadian buying spree appears to be off the menu for today.

[hercy] 20/4/2007 15:08

Hi guys. On board with you. Likewise here, ELP and EME victim

[cleo1601] 20/4/2007 11:09

I do have a wide-ranging PF (and am also in PANR for my sins so am encouraged you think it might come good some day - certainly not worth selling for 35p when the cash must be that much on a bad day). Of course, hindsight is a wonderful thing but I cannot say I wouldn't make the same mistakes again since one is always doing whatever seems "right" at the time. If Caspian had not experienced the run of problems and sheer bad luck with the drilling, 172 might well have turned out to be a sound investment. I still believe in the company and have bought quite a few at lower levels. Like you, I wouldn't ever be comfortable to put all my eggs in one basket though. I have the opposite problem mainly: too many to keep up to date with!

Cold now in day 3 so feeling almost human again, thanks.

[drewz] 19/4/2007 22:00

Gosh, £1.72 must have taken some doing! I hope you have spread your investments around rather than go too overweight in any one stock such as CEK.

I am substantially down in % terms in 2 or 3 stocks, but in financial terms it isn't too serious to be much bothered about since I am up in the other 20+ stocks, sometimes very well up. I don't believe in this policy that some espouse on here of being a big show off with a supposedly huge holding in any one share (mostly they are making it up or exaggerating anyway, in Walter Mitty fashion, in some mistakenly vainglorious attempt to impress).

Ok, so the upside is tempered somewhat by wide diversification, but then so is the downside, and I find it much more interesting to have many irons in the fire across different industry sectors, rather than have all my eggs in very few baskets.

I am heavily down (c.50%) on Elixir Petroleum and PANR also, but, unlike small cap tech stocks which can quickly run out of cash and go bust, I believe these junior resource companies can soldier on for a number of years and come up trumps with a big recovery once they strike oil or gas, just as JKX did after several years down in the doldrums as a penny share.

Hope your cold gets better soon. ;-)

[drewz] 19/4/2007 18:23

Cleo, why are you so interested in the minute by minute daily price movements, if I may ask?

I understood you were a long-term growth investor rather than a day trader/speculator who might be expected to be concerned about hourly price movements.

[cleo1601] 19/4/2007 18:07

Rupe
I remember seeing something on the MXP board to the effect that the rig had been made available. That would have been at least a couple of weeks ago from memory.

Trading today even more bizarre than yesterday - mainly buys but share price down? Agains, suspect a large sell in the background.

Mr 500 seems to be joined/replaced by Mr 300 today?

[rupe1958] 19/4/2007 15:35

Lots of small buys again. Maybe we'll see a repeat of yesterday's strange trading.
But I think the share price will pause around here until we get the imminent news.

CEK were using a rig that was going to be released to MXP. DO you know whether it has been released/started ops for MXP yet?

[cleo1601] 19/4/2007 15:26

WEll, it's moved - now the bid is 103 and the offer 102. Is nobody else interested?