Market's view on 88 Energy
Published on April 2024
- Stock watchers are discussing the trading dynamics and share pricing of 88 Energy, noting the company’s recent successful £5.2 million fundraising, which was completed swiftly, indicating strong investor interest.
- Concerns are raised about significant sales of shares by a major holder, suggesting potential insider trading or a lack of confidence in the company’s future.
- Stock watchers highlight 88 Energy’s operational plans, including advancing assets in Alaska and Namibia, and efforts to secure strategic partnerships for further development.
- There is a comparison between 88 Energy and Pantheon Resources, with discussions about their respective financial positions and upcoming cash raises.
- Discussions include the specifics of 88 Energy’s projects like Project Phoenix and Project Longhorn, detailing work programs, budgets, and expected developments.
- Skepticism is voiced about the management’s decision not to participate in the recent share placement, with some stock watchers questioning the transparency and rules surrounding management’s ability to buy shares during such exercises.
- Positive sentiments are expressed regarding the potential increase in 88 Energy’s share value, with predictions of price increases based on upcoming project updates and operational successes.