Condor EnergiesCDR.TOHOLDSep 25, 2026Stock price when the opinion was issued
As of Sep 25, 2026. Market Open.
A 10-year overnight success. They're been building their business in Uzbekistan and Kazakstan. They sell natural gas, including the latter to generate a diesel alternative. Diesel is in short supply in that part of the world. They will make LNG onshore, not shipped. This is great. Also, they have amazing levels of lithium brine that could develop later.
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)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.
Natural gas and oil projects in Uzbekistan, amazing drilling results. LNG almost finished in Kazakhstan. Diesel prices are even worse over there, and there's a shortage. Early in 2027, certain large vehicles can convert to LNG from diesel.
Stock's run up, some are taking profits. He's holding, and it'll go up over time.