Australian (ASX) Stock Market Forum

CE1 - Calima Energy

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peter2 said:
You're having us on. :laugh: It's a move of only one tick.
Click to expand...
Thanks @peter2 .
To be perfectly honest, no caveat, I did not understand what you meant by You're having on us. I thought you being a real analyst, something in between I should know.
So Googled it - It probably says, I was having fun - HONESTLY, no.

If you are having someone on, you are pretending that something is true when it is not true, for example as a joke or in order to tease them. [British, informal] Malone's eyes widened. 'You're having me on, Liam. '

Be having sb on definition and meaning | Collins English ...
 
Sorry @Miner for using an Aussie expression. Yes I did think you were being funny as the tick value of CE1 is 12%. Haven't seen you around ASF for a while. I assumed you've been in the outback. All good. The spec stocks have been jumping and I'm sure that a couple of yours have done well lately and that's why I thought you might be in a humorous mood.
 
Pete
No issue. Honestly from ASX site it showed the price went down by 12.5%. You got my dry humour :). Yes, if it was yesterday then different. I did not check this stock yesterday when it had a large vol transaction. So retracing back, you could be 24 hours behind. That is a joke for a change this time :)

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so they're all sub 1c trades. And the Market Cap .... (drumroll, please) ... $20mill but this can vary 10% with every trade


Australian resource company Calima Energy (ASX: CE1) is heavily involved in the Montney Formation on the Alberta / British Columbia border in Canada. In this video, Calima President Michael Dobovitch provides an update on what’s been happening with the company and its operations.

Key points in the video https://www.sharecafe.com.au/2020/11/30/calima-energy-asx-ce1-2020-and-beyond/ :
  • recent consolidation in the Montney Formation
  • what these transactions mean for Calima
  • how energy prices have been behaving of late and where Calima sees them heading from here
  • more information on the company’s recent drilling results
  • what’s next for Calima
 
CE1 - trading suspended. Not sure if trading halt and trading suspended could be same in English but differs in stock market vocabulary/
However trading halt is for 8 weeks to support a capital raising and major acquisition (Tommy Lake infrastructure related ??) is interesting to watch with no other option :). If the acquisition is related to infrastructure and then CR would look for a south way flight.
with $1.7 M cash, CR was not a long shot however.
British Columbia is always hypnotic attraction for me and my family - the best part of the world and lucky to live there for about three years .
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Still holding Miner?

I think? there may be some potential here if all goes well with current drillings and if the POO keeps rising.
Speculative musings only, not held.

Screenshot_20210621-151952.png
 
Well drilling and production update announcement out today. Best to read it yourself, a little large to place here.

Some gist of it though;

Current well drillings seem to be into known reserves and they are making good progress getting wells online and into production.

Wells are anticipated to pay themselves off after around 5 months, using WTI poo of $70 per barrel.

Great timing to be getting wells online, with WTI currently above $74 pb.
If poo does go below $70 any time soon, I don't expect it to stay under for long...

Now held.
 
frugal.rock said:
Well drilling and production update announcement out today. Best to read it yourself, a little large to place here.

Some gist of it though;

Current well drillings seem to be into known reserves and they are making good progress getting wells online and into production.

Wells are anticipated to pay themselves off after around 5 months, using WTI poo of $70 per barrel.

Great timing to be getting wells online, with WTI currently above $74 pb.
If poo does go below $70 any time soon, I don't expect it to stay under for long...

Now held.
Click to expand...
Poo meaning price of oil :) ???
 
Musing about how far this will go.
Price action still bullish.
A 10 year chart shows that it was around $1.00 per share 10 years ago....
A 5 year chart (bottom of post) shows it kicking around 5 cent from mid 2017 to mid 2019.

As we know, past performance is no indication of future performance and the historical action really is "by the by", generally speaking.

Current action is what counts and we are either seeing a "sophisticated" pump, or a market repricing of share price, or both.

The share price at close today is somewhat indicative of exact true value when considering immediately known future earnings potential using the below musings;
They have stated they are aiming for 4500 barrels per day (bopd) of production by the calender years end.
Using 4500 bopd x $70 oil price (conservative), that reprsents income of ~$315,000 per day,
or ~ $115 million annualised.

A recent cap raise around
$33 ? million is probably worth investigating on its own.

Market capitalisation at EOD today is ~$113 million.

Food for thought in current world climate of recovery, poo and supply demand scenarios.

Screenshot_20210630-170956.png
 
frugal.rock said:
Musing about how far this will go.
Price action still bullish.
A 10 year chart shows that it was around $1.00 per share 10 years ago....
A 5 year chart (bottom of post) shows it kicking around 5 cent from mid 2017 to mid 2019.

As we know, past performance is no indication of future performance and the historical action really is "by the by", generally speaking.

Current action is what counts and we are either seeing a "sophisticated" pump, or a market repricing of share price, or both.

The share price at close today is somewhat indicative of exact true value when considering immediately known future earnings potential using the below musings;
They have stated they are aiming for 4500 barrels per day (bopd) of production by the calender years end.
Using 4500 bopd x $70 oil price (conservative), that reprsents income of ~$315,000 per day,
or ~ $115 million annualised.

A recent cap raise around
$33 ? million is probably worth investigating on its own.

Market capitalisation at EOD today is ~$113 million.

Food for thought in current world climate of recovery, poo and supply demand scenarios.

View attachment 126863
Click to expand...
I have stopped watching its price. Like my Lotto Ticket - one day before my retirement hope CE1 will reach $1. Until then then just follow @frugal.rock 's postings to know how CE1 is going :) :)
 
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Haven't dug too deep on this but it feels like they've chewed up a lot of capital only to be aiming to get back to where they were before? Why did production drop down so significantly?

They're forecasting a strong EBITDA result but still have a significant amount of CAPEX lined up for the next couple years.
 
Perhaps they had an unlucky run with the timing of the POO ?
20 year futures chart. WTI.

Screenshot_20210630-221607.png


We are yet to see how the biggest oil price shock in history will play out on the bounce back...
Personally, I'm in and seated and belting up... or, locked & loaded, whatever floats your boat.
 
Credit Suisse has been accumulating a 5% stake, starting end of April- now a substantial holder.

Not sure of average price in (around 0.95 cent?), however, their going to need the SP to go well above current 1 cent mark to make a decent profit... their holding around 515,000,000 FPO's

A vote of confidence, Mr @Miner ?
 
Share cafe is pumping furiously. ;)

Lots of encouraging stories.
Clearly an opportunity for short term speculation. If enough people can be persuaded to jump in then the early birds can pluck some worms. Starting at .008c offers excellent leverage .

(Do not hold. Will not hold)

www.sharecafe.com.au

CALIMA ENERGY LIMITED - ShareCafe

Calima is a free cash flow and growth focussed Canadian Oil and Gas Producer and Explorer. Calima completed a transformational merger with Blackspur Oil during 2021 and successfully transformed into a high margin oil and gas producer leveraged to WTI pricing.
www.sharecafe.com.au www.sharecafe.com.au
 
basilio said:
Share cafe is pumping furiously. ;)

Lots of encouraging stories.
Clearly an opportunity for short term speculation. If enough people can be persuaded to jump in then the early birds can pluck some worms. Starting at .008c offers excellent leverage .

(Do not hold. Will not hold)

www.sharecafe.com.au

CALIMA ENERGY LIMITED - ShareCafe

Calima is a free cash flow and growth focussed Canadian Oil and Gas Producer and Explorer. Calima completed a transformational merger with Blackspur Oil during 2021 and successfully transformed into a high margin oil and gas producer leveraged to WTI pricing.
www.sharecafe.com.au www.sharecafe.com.au
Click to expand...
closing price of POO would help the pumping as well :)
 

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