Latest Energy and Capital article suggests - There’s one tiny company that has its hands on the lion’s share of the oil in this profit-rich region of Iraq.
And if that’s not enough, it also has the rights to three other prime chunks of oil-rich land in addition to the one I’ve been telling you about — and ALL of them have the very same oil-promising geography as the first.
This company is already pumping 40,000 barrels of oil out of the ground on a daily basis, and that number is expected to more than quadruple within 18 months.
All told, these guys are sitting on a whopping 13.7 billion barrels of oil — a true game changer for such a small company.
To put that in perspective, Pioneer Natural Resources (NYSE: PXD), a company with rights in the Eagle Ford, is sitting on 11 billion barrels of oil. Pioneer has a market capitalization of $23.87 billion.
The company I'm talking about has a market capitalization of less than $1 billion, and yet it is sitting on 3.18 times the amount of oil Marathon has.
That means this Kurdish oil company would have to go up by 2,208.34% just to equal one-third the valuation of Marathon Oil. That's absurd.
yeah yeah, short placed at pretty much the highest bid price seen IN AUCTION............you must have some very good friends on the markets to be able to consistently beat the market with your prices. LOL.
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