Condor EnergiesCDR.TOTOP PICKJul 17, 2026Stock price when the opinion was issued
As of Jul 20, 2026. Market Open.
Operates in Uzbekistan, planning to increase output by end of 2026. Should kick off some nice cashflow. Upside comes from project in Kazakhestan, with long-term natural gas supply contracts; new projects will get built out with cashflow. Governments of those countries are supportive.
Stock's down on an equity raise. About $200M market cap. No dividend.
CEO reports that the regions of Kazakhstan and Uzbekistan are super safe, very clean. Two catalysts. Drilling success in Uzbekistan, with results way better than expected and so guidance should increase. As well, onshore LNG project in Kazakhstan to replace diesel. No dividend.
(Analysts’ price target is $5.23)