Carcetti Capital Corp V.CART.H

Uneducated Investors Selling KUB

[Thedondom]

Cub Energy has nothing to do with oil. It's all natural gas and in Ukraine it goes for a premium for various reasons. People need it to power their homes, not oil. Even with Coronavirus, people will be stuck at home, probably using more natural gas. But panic selling and ignorant lemmings always get beat up.

[bobzuruncle]

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[October4]

What’s their cash position?  Will they be able to keep the lights on?

[Thedondom]

They had $7.4 million USD in cash last quarter, company made $4 million USD between Q1-Q4 of 2018 + Q1 2019. Then natural gas prices fell in Ukraine because the government started hoarding gas in fear of a non-deal with Russia, plus warmer weather (keep in mind low prices in Ukraine are $5-6 an MCF, not like $2-3 in North America, with similar cost structures).  So KUB is still up around