In the last three months Caza Oil & Gas’ (CAZA) share price has rocketed from just over 7.5p to 20.1p. This morning the company issued yet another bullish RNS, which has driven the stock 20% higher. Intuitively, this sort of move feels to me like it is going to end in tears, but I could be wrong. Perhaps Caza will live up to the market’s wild expectations. Stranger things have happened. However, there is a point about today’s RNS, which requires some scrutiny. Should companies be allowed to report Initial Production Rates (IPRs) of oil wells?
While it would appear that first thing today we have been treated to some strong buying volumes, Caza Oil & Gas (CAZA) bulls should not get too carried away.
Caza Oil & Gas (CAZA) has today stated that it is “pleased” to have secured a $4.3 million convertible loan from Death spiral provider Yorkville. Bollocks. At all levels. It is pleased in the same way that you are “pleased” to pay a speeding fine. Caza has no choice.
I was hoping for more when I tipped Caza (CAZA) at 8.5p on 31st October here. The shares are now 9.25p. But…
Shares in Caza Oil & Gas (CAZA) have tumbled from 14p in May to 8.5p today – but things will turn and the shares are a buy. Why?
While we have been treated to what it feels like a never-ending base building phase as far as Caza Oil & Gas are concerned, it would appear that after the best part of two years of finding a floor at and below 10p, bulls of the stock may finally get what they have been wishing for.
There is perhaps nothing worse than a stock or market that shoots up, sucking in all the speculative interest, and then promptly returns to where it originally came from.
Shares in AIM and TSX listed Caza Oil & Gas (CAZA) have spiked 28.6% higher today to 18p valuing the company at £29.61 million. Supporters urge me to look at Caza claiming that it will hit 25p before Christmas. But I am always nervous about oil companies operating in the US but listed here. So buy or sell – which is it? I had a long chat with the company this afternoon and came to a conclusion









