Fri, Apr 18, 2014, 1:27 PM EDT - U.S. Markets closed for Good Friday

Recent

% | $
Quotes you view appear here for quick access.

CAMAC Energy Inc. Message Board

  • mameen76 mameen76 Sep 15, 2013 11:45 AM Flag

    $2.50 Price target with in months due to good progress

    $103 + a barrels = 2 Billion barrels.. You do the math

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • 2 billion barrels.....you do the math. CAK reported in the recent quarter a loss of $4.43 million on oil production of 200 barrels / day. 18,485 barrels / quarter. That a loss of $240 / barrel. Shareholders are subsidizing CAK operations. Even if Oyo #7 has an IP flow of 5k bopd, I doubt that CAK's term share of long production will increase by more than 380 barrels / day. CAK has something like 2 million barrels of 2P reserves. In Nigeria a 2P barrel of reserves is worth maybe $18 / barrel. IMO, CAK needs to discover a significant amount of oil and increase oil revenue by a significant amount to underpin the current valuation.

      In a best case scenario Oyo #7 is targeting 3 - 10 million barrels (250k bbls - 700k bbls net to CAK).

      2 billion barrels is a pipe dream. The Oyo oil field has underperformed all expectations , both reserves and production for the last 5 years, I'm sure that's why ENI sold their Oyo asset after investing $1.1 billion.

    • If you do the math , you will find you will be lucky to get make what you paid for this piece of camel dung.

    • Agree! If well #7 comes in big, it's a safe bet wells #8 & 9 will also be highly productive. All the 'Big Boys' own blocks in this region. Look for buy-out or partnership with Shell, Chevron, Mobile etc. When that happens this stock will go to $8. - $10. OVERNIGHT! Huge upside potential here, and CAK is on the radar now. Daily shares traded increasing dramatically.

 
CAK
0.7025-0.0174(-2.42%)Apr 17 4:01 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Weibo Corporation
NasdaqGSThu, Apr 17, 2014 4:00 PM EDT
WisdomTree Investments, Inc.
NasdaqGSThu, Apr 17, 2014 4:00 PM EDT