Caza Oil & Gas Share Discussion Threads

[loverat] 03/3/2016 18:51

Or if you compare this to GED. Sold its assets just before the oil crash - sitting on equivalent to 23 milion GBP of cash and no debts or liabilities. MC of about 11M GBP.

Lots of boring stable stocks ignored by the market and this one gets chased to ridiculous levels. Still I guess that's what makes trading fun.

[mark10101] 03/3/2016 18:40

Figures not to far out but the peak today for CAZA was closer to 150 time EDG MCAP, quite staggering. Undeniably CAZA are in a better shape with their debt cleared but it is higher than the enterprise value of CAZA when it had much higher production and much higher oil prices.

[loverat] 03/3/2016 18:19

I used to compare this stock to EDG for valuation purposes and to gage what was cheap. I think for a while the MCs were comparable. Interesting that CAZA is valued at 100 times that of EDG. Obviously at different stages in the oil crash but even so. Come to think of it, have I got my figues all wrong?

[littlemadam] 03/3/2016 18:08

Can someone explain to me why caza has market cap of £82m?

[mariposamia] 03/3/2016 16:35

WTI above 35$

[thetoonarmy2] 03/3/2016 16:31

Something not right on this even Cenkos havent a clue could it be MMs creating a nice bit of 2 way business? Who knows but Im sure we will find out very soon.

[spkiller] 03/3/2016 16:19

You tell me Mark... what the heck is happening? I thought Caza was dead and buried...

[swerves1] 03/3/2016 15:07

On the way back!

[jungmana] 03/3/2016 14:50

Will end it tears. Way overvalued. EDG and TRIN should be worth 3 times caza then

[mark10101] 03/3/2016 14:31

I think it was, but it is true to what come out at the announcement, raised my eyebrow at the time, amazing these things can get through.

[tidy 2] 03/3/2016 14:30

USD45.5 billion for Caza Is that a misprint ?

[swerves1] 03/3/2016 14:22

Some will be left holding the baby, but when who knows!

[mark10101] 03/3/2016 14:21

$45 billion makes CAZA MCAP look cheap, in the good days I had £60m MCAP in sight its blown that away today touching £100m crazy stuff but people trade the share price and not the MCAP.....

[swerves1] 03/3/2016 14:19

It's like the casino here!

[h2owater] 03/3/2016 14:15

Talara own 97% of CAZA

The company will issue 9.47 billion shares to Talara, raising USD45.5 billion for Caza, which it will then use to repay and restructure its debts to Apollo Investment Corp, YA Global Master SPV Ltd and GSC SICAV PLC.

The shares will be issued to Talara at 0.32 pence per share and, after completion of the placing, Talara and the company's management will own around 97% of the company's common shares.

[tidy 2] 03/3/2016 14:04

Allow me a Little plugI can see 88e rally starting today for a few days.

[swerves1] 03/3/2016 14:02

Well done tidy. Must say I missed the big rally and sold too soon

[bad robot] 03/3/2016 13:58

goodbye friends

[tidy 2] 03/3/2016 13:58

I've jumped off this ride. Still looks good I just don't want to drop the ball.

[bad robot] 03/3/2016 13:49

Going BOOOOOOOOOOOOOM

[swerves1] 03/3/2016 13:47

Yes that for sure. But why is it rising now so much, is there a trap for anyone buying now?

[bad robot] 03/3/2016 13:46

swerves

Danger RNS statement regarding share price movement.


Chaps ONZ has reversed a 20% loss and up now. I have ONZ marked for 2.0p tomorrow morning

[bad robot] 03/3/2016 13:45

SP

Pumping mate.