Market's view on Caspian Sunrise
Published on April 2024
- Discussions revolve around the potential delay of deep wells until a full production license can be secured, which seems to be a possibility given recent developments.
- There is uncertainty regarding the immediate necessity for updates on certain deals and how this might affect shareholder interests.
- Market speculation is that shares are likely to trade in double figures soon, reflecting a positive outlook from some investors.
- The acquisition of CS Energy LLP by Caspian Sunrise, which holds licences to the West Shalva contract area for up to US$15 million, is contingent on shareholder approval, with a general meeting scheduled for clarification.
- There are reports of incompetence among certain management teams, affecting shareholder confidence.
- Concerns are raised about whether attending shareholder meetings is beneficial, given past experiences of unfulfilled promises.
- Discussions include the impact of geopolitical factors and market dynamics on stock performance, with suggestions of a possible rebound once current uncertainties are resolved.