The drop in Afren pricing and market capital value is down to a significant factor not affecting the others....This lies in the AFREN Boardroom.
Yes, there would have been a significant drop in value on the back of oil going down, without the Boardroom not being reconstituted. The SP is probably 30/40 pence below its real down market value and this could be corrected with some heavy hitting Boardroom appointments.
I am not sure what is in store for future BPD production for the others, yet Afren appears to be well placed in 2015 to have an additional 14 wells providing an average of 1000BPD each net to Afren. Evan at 50$ pb this is debt servicing cashflow.
The silence from Kurdistan is an additional negative issue, more to to with the BOD than anything else.
Oil price games being played fir many reasons. American fracking, Russia, isis etc etc. Saudis calling the shots. Be under no illusion that the Saudis are also feeling the pain. It will not last for long. It can't. Buy good quality cheap oil stocks NOW and hold them long. Patience will be rewarded :)
Market Cap low you say - That sounds good in theory. Problem - The issue of the oil price going down further ( say 40$ could mean that the cost of production produces a loss and Market Ca[p will drop further. Production will then cease. What will pay their liabilities if this happens. That is why the Market Cap is low and not for a fictional or unknown reason.
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