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CASP Caspian Sunrise Plc

3.65
0.00 (0.00%)
Last Updated: 07:47:10
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Caspian Sunrise Plc LSE:CASP London Ordinary Share GB00B1W0VW36 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.65 3.50 3.80 3.65 3.65 3.65 76,961 07:47:10
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Oil And Gas Field Expl Svcs 42.95M 9.76M 0.0043 8.49 82.14M
Caspian Sunrise Plc is listed in the Oil And Gas Field Expl Svcs sector of the London Stock Exchange with ticker CASP. The last closing price for Caspian Sunrise was 3.65p. Over the last year, Caspian Sunrise shares have traded in a share price range of 2.25p to 7.55p.

Caspian Sunrise currently has 2,250,501,560 shares in issue. The market capitalisation of Caspian Sunrise is £82.14 million. Caspian Sunrise has a price to earnings ratio (PE ratio) of 8.49.

Caspian Sunrise Share Discussion Threads

Showing 22201 to 22223 of 31075 messages
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DateSubjectAuthorDiscuss
22/4/2020
08:01
Maxim,It's a flipping mess and yep, some are winners as they stockpile oil if they can store it !Only 2 fixes, cuts and increased demand. It will happen, big question is when. Not had any horrendous news of corporate failures yet, the effect on the supply chain into them, especially transportation and manufacturing, doesn't bear thinking about.Casper is undervalued and as long as there's no forced capitulation of any of the key holders, this will go north as we all know.
xclusive2
22/4/2020
07:53
Would it be conceivably possible that an oil company would suspend trading until poo has surpassed a certain levelIn these dire times , what's the point of issuing good news. Would be just another opp for those to sell
rutter
22/4/2020
07:34
Lot of press articles overnight about the existential threat the Saudi economy is under with oil down here.I was mystified to read in their efforts to diversify their exposure to oil they were building up entertainments and leisure ? I think that might have branding issues.Seems to me easiest way to get out of trouble is to cut production.Unprecedented times for a US President to be talking the oil price up!!! Never happened before . Still with the price down here it has the same fiscal effect to spending as a giant tax cut. So for countries like India who just import oil a massive boost to some economies
maxim1999
21/4/2020
16:08
I believe they'll announce it regardless unless they have a problem with storage and we have no idea of current prices achieved but it will be forward sold so hopefully nothing much changed there. Also a successful deep, that's another issue for storage unless being sold at sensible levels.

Could get a holding statement ie 'have decided to withhold perforation due to oil prices and will re-engage when market has picked up. We have taken the same approach with the the deep wells'

Wouldn't surprise me if that was the flavour but maybe it'll be a blockbuster, all 3 deeps flowing and 153 @ 500bopd, 5000 additional barrels and m/cap of £64m !

xclusive2
21/4/2020
13:43
That lab may having been selling the offspring of pigs they were using for some of the viral tests apparently. Those animals of course would have been “Clean” but maybe not in hindsight?
davidblack
21/4/2020
12:07
Not wanting to go O/T....but this nightmare isn't simply because of a Saudi / Russia spat. The blame has to be firmly put at the foot of the Chinese. This is a manufactured virus. Developed in an insecure lab. Cautioned by the inspectors.. It's much worse than a Chernobyl. It's a world wide Chernobyl, and on a much more svere scale. And the Chinese and WHO should not be let off the hook for what they've caused. Well said Trumo. You're spot on the money with this one.Rant over
rutter
21/4/2020
12:02
Buying the boat in hindsight was a bum move.

Drain on cash unless they can come up with a fancy solution.

johnwalton
21/4/2020
11:52
By well success, i mean 153 but it would be nice to see real progress on the deep campaign.

Re oil supply/demand, proration required in the States, actually across the world and more cuts to be made to balance out the equation. If that could be done, we'd see a much more rapid move north when demand picks up, not V shape but back into $40+ territory quicker than most believe. Nobody saw WTI going negative and not many are seeing us get back to sensible levels.

Buy oil cos with strong balance sheets and invest in size, take another look at year end.

Re our Casper, we'll plod along in this crisis and dependant on a deep success, the scale of the undervalued share price realisation will set in here and it won't stay low for long.

xclusive2
21/4/2020
10:06
Well success Smarty? Guess we will find out soon but I hope so, even if all it does is act as a parachute. Hopefully they will take the opportunity to update us on any sale price being achieved. I presume that we are still selling locally under similar terms as before.


Most of the horrible stuff hitting the headlines is just traders getting burnt and will last as long as any high in CASP!

Nobody was actually selling oil at -$37. Traders have taken Brent Jun20 down as low as $18 today. Panicking or hurting (margin calls) from last nights WTI squeeze, but the spot price today is $28 and June20 Brent will quickly be back above mid 20s as long as the USA producers take their heads out of the sand and act later today. Always been the problem with the American model which says pump everything we can and someone else (OPEC) will have to adjust supply. It ignores the 'local oversupply issues we are now seeing.

June WTI is down to $12 which is more significant than last nights squeeze.
No where to put it. Gonna have to stop making it somehow, like today.

As smarty says, it is a great time to buy good oil that can pay their bills at $25 and/or have cash in the bank. In 12+ mths there will be fewer oilers around making much more money than they have for a long time.

dhb368
21/4/2020
09:25
I doubt it Jost, but never say never.

The problem with WTI is that there has been little cut in supply and a massive cut in demand. Railroad Commission of Texas were talking about it but nothing has happened. Trump is waiting for them to shut in for economic reasons which will always lag OPEC+ which can cut to balance world supply/demand.

FYI Railroad Commission of Texas meets again today to discuss options and proration is on the table and needs to happen IMHO, especially as there is nowhere to put it now.

The USA hardly exports any oil and has to import because a lot of their supply (WTI) is not ideal for Diesel etc. (corrections welcome)
This is why Trump has been reticent to add tariffs because it would have little effect on the needed imports and just drive up costs with no effect on the storage issues WTI has.

Brent futures expire on the last day of the previous month ie. June 2020 expires last working day of April.

dhb368
21/4/2020
09:22
Never thought i'd see the day whereby announcing a well success was bad news !!

Much that most of the UK is Furloughed, businesses are trading and many of the people in my line of business are getting by but making preparations to take advantage of pent up demand that is there. Companies need to market themselves effectively, online, through Social Media etc but you can't beat targeted Direct Mail, especially whereby everybody is at home and they have time to read the good stuff before it hits the bin.

This is short term grief and the World Economy can't sit in neutral for much longer, the only fly in to ointment being Covid19 but if we're all sensible, we can hopefully manage future outbreaks and avoid the damage of a false start.

Buying oil now ? As i said yesterday, my daughter was on it early doors on RDSB and BP and put them away for a couple of years and hopefully a deposit for her first place.

TT

xclusive2
21/4/2020
08:23
Must be getting news this week. This is a great level to get in at long term. Sadly I have put in enough and average low enough now .Come on Clive.Less exciting times please
maxim1999
21/4/2020
08:20
could we see a similar flash for brent futures? any idea of the expiry's
jostrummer
21/4/2020
08:19
Get on with it Clive, you know what we are waiting for.

It's all taking too long.

Exciting times, I don't think so.

hallow
21/4/2020
08:19
brent now the same as our domestic price, still at least casp are used to these prices!
jostrummer
21/4/2020
08:12
Correction from earlier post: I meant Brent (not Crude) for Caspian
swerves1
21/4/2020
07:52
Also I think with some types of well there is a chance that production may not return to old levels automatically when you turn the taps back on?

There will be transport/pipeline contracts/commitments in place etc, and especially in the USA there will be thousands of wells producing low quantities of oil and it would take months to get around to closing all of them in.
None of this avoids the fixed cost elements and don't who is making the decisions.

Stage 1 stop producing, stage 2 close HO and sell the asset because nobody will be financing a restart of shale production.

As for CASP, our day to day extraction costs are tiny so even if we do not cover overheads (and we do comfortably even with CE in dock) a small loss is better than a large one.

dhb368
21/4/2020
07:52
Don't worry, the BoE will step in soon (with funds from the Fed)...
control1
21/4/2020
07:51
Expect this nightmare to continue until the lockdowns in the economic world are lifted. When cars and aircraft are driven as before. I hope that that's in 3 month's time
rutter
21/4/2020
07:44
Cash is king at the moment.

That rule applies to every business in the world.

Some major companies in the UK are going to go bust if we do not
get back to work pretty soon.

johnwalton
21/4/2020
07:39
Great work team, you just gave MM's the perfect excuse to drop this....
control1
21/4/2020
07:30
X2

I do not think that you can just turn the taps off and expect no costs
to be incurred.

To mothball will cost and to bring back on line will also cost.
In the downtime they will also have costs.

johnwalton
21/4/2020
07:29
The crash relates to the oil contract that expires today, I suspect that they will still be feeding the local market at domestic rates...
control1
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