Market's view on Challenger Energy
Published on April 2024
- There is discussion about the Chevron deal, with concerns that it may not complete if the 3D seismic results do not justify it, which could significantly devalue shares.
- Some stock watchers are optimistic, indicating that drilling in Argentina is starting soon and suggesting a strong buy.
- There are positive expectations for the future, with potential good news related to drilling and updates on block OFF 3.
- The financial situation of the company is debated; it’s noted that the company is losing money monthly, with historical results likely showing a loss.
- The completion of the Chevron deal is subject to approval from the Uruguayan Government, and Chevron will cover significant costs associated with 3D seismic campaigns and potential drilling.
- The stock price is reported to be slowly moving up, with expectations of a rise due to the cessation of spread bets.
- There are concerns about the historical impact of share consolidation on stock prices, with a previous consolidation leading to a price collapse.
- There is skepticism about the reliability of some contributors to the discussion, accusing them of spreading misinformation.