Caspian Sunrise Share Discussion Threads

[xclusive2] 20/4/2020 19:09

Agreed. Current WTI contract is closing and Bulls getting slaughtered as they run for the hills, a very nasty Bear squeeze into the close.My daughter has taken longer term positions in solid oil companies inc BP and Shell. She's only 22 so hopefully she'll see the good times ?

[dhb368] 20/4/2020 18:39

Some in US/Canada will be paying to have it taken away but WTI price has little relevance to CASP and as long as Brent stays around $30 we are golden.

[jayrh] 20/4/2020 18:19

This will drop like a stone tomorrow 5 dollars a barrel

[hallow] 20/4/2020 16:41

Great day Clive, thanks a lot.

[control1] 20/4/2020 16:33

Smarty, the Fed are actually happy with it like this so that they can continue to buy corporate America on the cheap. The old stock market in the US is dead, Trump is not in charge of anything anymore (although he likes to think he is). The banks don't give a toss about him other than to not make him look too much (more) of a moon which would undermine national credibility....

[xclusive2] 20/4/2020 15:50

Steve,

Providing no googlies, Casper is a great play. Two of the major ones-;

- The real financial state of the Oraziman family and chums
- Covid 19

No investment is without risk and stocks v ETFS is far riskier but the rewards higher in the success case.

My biggest fear is that of the unknown and the 2 above are genuine ones for me. None of us have a scoobie about the Oraziman family but hopefully they're in good financial health as we'd have one of the biggest overhangs in AIM history if they were forced sellers. The second issue, none of us, only him upstairs has the answer to that.

On a brighter note hopefully, news this week.

[dhb368] 20/4/2020 15:40

Will be good to get the May WTI out of the way tomorrow. At least we will be looking at $22 WTI and $29 Brent. Headlines will be friendlier and maybe we will start to get more positive 'partial reopening' news like that coming out of Germany/Oz etc.

My gut feeling now is that we will begin to see more individual corrections on good/bad news rather than another market meltdown (UNLESS CV19 comes back) and that indexes will hover around these levels for the bulk of 2020.

[steveh8] 20/4/2020 15:29

I'm just going to buy as many as I can and sit it out. CASP are in a good position having no debt and then hopefully things will improve and the oil price goes up. Nobody can live with $20 a barrel oil for long, those with debt will fail and then the big boys will push the price up.

[rutter] 20/4/2020 15:15

I can see the sign "Free gallon of petrol with every £2 purchase" outside garages in the near future

[xclusive2] 20/4/2020 15:12

Hi Konil,

My daughter is much smarter than me as she's been buying oil today, the indices/ETFs, probably a shrew move regardless of demand destruction.

If 153 comes in and we actually flow a deep, as we both know, the share price should be 20p+ and in a bullish market, we'd be pricing in some of the future value. With regards to share price appreciation on that outcome, i personally believe it'll be a damp squib and if it is, i'd be liquidating other holdings to add here regardless. Could be wrong and the share price rockets as punters need a success story that has a real NAV and maybe hot money does arrive if Proactive and other PR sources get on it.

[hallow] 20/4/2020 14:48

Exciting times

That was a stupid statement and a half to make Clive.

[konil] 20/4/2020 14:36

smarty, agree in the main with your thoughts, though there is a slight hope for casp in the near term.

if they succeed with the acid treatment at one of the deeps (we are told that those ops are continuing) and the resultant new production comes onstream thereby proving the success (the markets will not believe anything else because of all the misdirection over several years), then the implication for (a) reserves and (b) the prospectivity of bng deeps and (c) ability of casp to deliver a deep, could all reflect in the share price well beyond what might seem appropriate for the increased cashflow alone.

and maybe more than one of the three deeps being given the acid treatment will come good.

i did say 'near term' but on a more cautious note, its entirely possible casp have shut down all ops including acid works, or worse still have failed with the acid, and 'forgotten' to advise the market.

[xclusive2] 20/4/2020 14:36

Yep but still got a chunk that needs a home, just in the process. Good news this week but will it combat the crash I'm expecting. Probably not unless oil shifts north.

[xclusive2] 20/4/2020 14:30

The 487k odd was the last bit of my ISA tidy up so not both sells. Still a few more to find homes and the 46k was also a buy not sell.

Oil prices are the killer. West Texas down by 40% from what was a historic low, absolutely shocking. Control, not sure what Trump can do now ! The US shale game is dead and buried, actually all oil is at this juncture. Loads of Corporate to report this week and i'm expecting all the indices to crash. He can keep pumping in the cash, the asset inflation is off the scale.

[steveh8] 20/4/2020 14:29

ISA transfer completed X2?

[hallow] 20/4/2020 12:28

For God's sake Clive

1/. please accept the best share price offer that comes along

or

2/. tell us how much oil you are sitting on

[xclusive2] 20/4/2020 10:54

It's a possibility TB. If moored in the Northern Caspian, i assume that's where it is, then it's not far from our BNG field. Last work was in 2018, hired by KMG, let's hope there's a Contango revenue generation opportunity.

[togglebrush] 20/4/2020 10:42

FWIW
Just a wild thought about how the Drill Ship, Caspian Explorer, may earn something towards its berthing fees. She is a sizeable vessel with oil storage capacity. It’s carrying capacity is 8844 t DWT, For scale 10 barrels of Oil weighs roughly one ton

Contango, which allows the traders to make easy money by storing currently priced crude cheap oil, storing it, and selling it forward.

[xclusive2] 20/4/2020 10:25

Oil prices on their arze and WTI crude @ $14, the lowest price in over 20 years. The only fix is for us to get back to work but that's a month or so away and we're going to find out soon whether there are going to be any large corporate failures. In most cases, there will be consolidation and life will go but the global debt will be increasing rapidly. The govts want to ensure that they help the SMBs like myself to ensure that they survive this as we will be one of the key factors in the recovery.

Oil demand is being destroyed and regardless of how much success we have, deep or shallow, i don't believe we move far without oil prices being $30+. Luckily Casper has low gearing and can mothball operations, maybe even get a holiday payment on the CE payments as they'll be a drag at this difficult time.

[maxim1999] 19/4/2020 15:41

I hope Flawless fires up the other thread again. I think his perma bullish stance may be an antidote to the current aggro. Anybody know him enough to fly a flag and entice him back ?

[rutter] 19/4/2020 09:15

Great week end 5 minute videoYouTube ' ticked off Vic message to the government'. And he'll tell you what he thinks of the banks Spot on imo

[control1] 18/4/2020 17:14

Happy birthday Smarty, enjoy the rest of your day....America needs the price of oil to be higher and they will drive if up at all costs, remember, the petro dollar rules the world....

[xclusive2] 18/4/2020 14:37

Rutter,That's the big question, how quickly the demand returns and at what level. The cuts are good news, the unused rig count is increasing daily and hopefully that = less shale production. All those with high operating costs are stuffed and oil prices will increase but by what and when. Can't go lower so keep filling boots,Cleaned cars, mowed the lawn, tidied up the borders, repaired a loose tile, a normal birthday :-)Bolli in the fridge ready to accompany my favourite foods.We're all going to make a few quid Rutter, just make sure to take some profits on the way up !