B33661 How can you call this a p&d .. that's the most unresearched statement I've ever heard. It's valued at cash and has a proven asset with a break even extraction price of $40 .. the asset is valued at 330 million with oil at this price .. the company has absolutely no debt also .. the market cap is 13 million its probably the most undervalued company on AIM .. do some research and come back with something factual
I can tell you this isn't a pump and dump. It's savvy PIs positioning themselves for an oil price recovery. We know this is commercial at $40 and that the asset is currently valued at 0 compared to the MCAP. The oil industry is looking to reinvest to build up its long term reserves base. We as PIs are seeking out cash/asset rich oil firms who have weathered the storm and have no debt on their books. BOR ticks all the boxes.
Okay, so I go of the radar for a week or two and look what happens..... I see some of the old timers here and it's great to see us moving back up again :) My own feeling is that something is definitely going on in the background and we will all find out soon enough. This has moved to quickly and to far for a P&D, in my opinion. Either way I am not going anywhere for another few years so let's see what happens. It's great to have a bit of excitement and positive speculation though. Patients really is a virtue !!! ATB holders and hang on. If this really is the start of a farm in the sp will absolutely rocket !!!!
Have a look at Moneyam site which I use its really good and If I remember correctly you can use it free but I pay around £150 a year and there are no delays in prices etc.It also has lots of other features which are worth havingand is easy to use.
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