Caspian Sunrise Share Discussion Threads

[spangle93] 25/5/2020 15:48

Smarty - "Caspian aren’t storing oil" - hah, right, so what have they been doing with it in the deep reservoirs for the last 6 years, eh? Sometimes you miss the nuance of just how shrewd Clive is... ;-)

[rutter] 24/5/2020 12:11

And I hope Captain Pugwash will tell us what's happening to that old rust bucket in the finals

[sparusty] 24/5/2020 09:59

Maybe they are trucking the oil to our wonderful new pleasure steamer Caspian Explorer. :))

[maxim1999] 24/5/2020 08:28

I would be delighted to see the management viewed in as positive light as possible but putting Clive and shrewd in the same sentence when some thing goes well does not have the right feel about it.Extraordinarily, just by luck or you won't believe it but seem to work better.

[xclusive2] 23/5/2020 14:41

Tengiz has 13% of the Kaz CV confirmed cases. I read an article last month that they had a hospital on site that catered for up to 300 workers, obviously out of control and a huge % of the workforce. NN,Caspian aren't storing oil, they have little storage and I was advised it's being sold otherwise they'd have included it in the RNS.Oil supply destruction will be the kicker for the oil move north but I'd rather see it down here for a month or 2 to deepen the pain on shale and the marginal producers that only survive with funding.There will be oil outages, additional maintenance needed etc. We'll be at $40+ in Q3 and slowly increasing in Q4 as demand picks up.

[davidblack] 22/5/2020 20:33

Tengiz oil field threatened by COVID outbreak. One of the world’s largest oil fields may need to shut down because dozens of workers have been infected by the coronavirus. The Tengiz oil field, produces 500,000 bpd in Kazakhstan, faces a potential closure, the government said. Almost 950 workers at the site have tested positive. Chevron (NYSE: CVX) is the lead on the project.

[hallow] 22/5/2020 15:18

The New Norm You missed off a few go go go's somewhere. go casp go go go

[the new norm] 22/5/2020 14:57

Yes Hallow, I was just thinking that! 90 minutes to go before we have a long weekend off from this manic stimulation CASP might even throw in a heart stopping flat line performance today, the first such event for over two week, go CASP go!

[hallow] 22/5/2020 14:52

It's another incredibly exciting week to be a Caspian Sunrise shareholder.

[xclusive2] 22/5/2020 13:25

12p in Jan, the share price is an opportunity, that's for sure. I'm waiting for next move which is likely to be beck to mid 3p range, I will take more .

[dhb368] 22/5/2020 12:04

Norm, you are forgetting that CASP was also down 50% before POO collapse. To correct it all we need is a 200% rise but at this stage I would settle for 100%.

[the new norm] 22/5/2020 11:56

CASP is down 50% since POO plunge BP and RDSA are both down 40% Relatively similar performance then! Good or bad news for the Deeps should smash the current correlation to bits!

[dhb368] 22/5/2020 11:38

Yep. HUR hurts. Been unsure about it for a while and switched my SIPP holding into PANR 2 days ago BUT thought that I might have got my timing wrong so held my trading shares... Silver lining is at least it gives me some CGT losses.

[hallow] 22/5/2020 11:21

3 trades in 3 hrs 20 minutes. Somethings up, strange trading.

[konil] 22/5/2020 09:57

thanks hallow! hope he gets the msg!

[hallow] 22/5/2020 09:34

Waiting for the big one Clive, please get on with it.

[maxim1999] 22/5/2020 09:34

Morning , look at HUR . My point being was at 60 p , now look at it.We have to disciplined and get out on the way up. Not get too greedy. At least they enjoyed the thrill of the run up . I hope that delight is around the corner for all of us long term inmates . Forget 60 p , would quite like 6 p to start with .

[xclusive2] 22/5/2020 09:33

Poor news on HUR but the market has been indicating poor news for a long time, especially with the lack of response to oil price rebound. Hate seeing losers on popular shares as many get hurt. Equity will get wiped there like GKP another favourite where convertible debt takes control . Sad and weakens PI firepower.

[xclusive2] 21/5/2020 15:37

Unfortunately apathy reigns with our Casper, especially as much more volatility and liquidity in other stocks. All we can do is value the company on what we know and the only numbers we have are the P1/P2 at MJF, that in itself values the price almost 2 bags north of here. There is zippo blue sky factored in and little risk of it going under unlike many of the hundreds of little producers with high cost bases. We've probably been blighted by Carverspeak and the Investor Presentations didn't help and maybe it does take a deep to break us out of this position. Easy to get down on the stock but peeps were talking it up at 14p with A8 looking good, it's amazing how quickly sentiment will change and the oil price moving to $37 as i type will help. Max, If you're model says 30p, that sounds like a great model to me....lol. A successful deep allows blue sky valuation. If one flows, why can't several. They published the 58km2 statement and i know they've had to eat humble pie many times but the bonus scheme followed this and they obviously believe it's achievable. That's why we're invested here and sentiment is everythin, just need that elusive A block success.

[maxim1999] 21/5/2020 15:30

Thank you. I am not sure my model is accurate over 3k bopd because at 6k I can easily get a minimum price of 30 p.I think if any of the higher production came from a deep you could probably put another 10 p any target value to reflect if one flows others could follow.I always feel uncomfortable publishing my own target prices .All we know is the stock is producing more than when the shares have traded much higher with similar oil price.

[dhb368] 21/5/2020 15:05

Maxim, I doubt that the 151 result, if successful, will have any effect on the 'fair value' as my numbers have been worked out assuming 6-8K from MJF, as I think have yours. Success will be in line with expectations, a failure will however cast doubt on the full field production rates. The discount from fair value to current share price may be reduced though, hopefully. What we really need is a new reserves statement.

[maxim1999] 21/5/2020 13:49

Good news would as know see the share price reacting extremely well on A5 not only in its own right but also with implications for the deeps generally.Anybody though have a view as to what a positive result on 151 of say 300 bopd is worth to the fair value of the stock?