We invest to make money. Oil price and share price will not necessarily rise simultaneously. It may. It may not. Currently, NTOG BOD is focused on building the company. As an investor myself, I await when the pieces are put together and thus the company will rise in value. Just a long waiting game. Matt is awaiting on JV operators to begin operations, which will take some time given the current oil prices have yet to stabilise at an acceptable rate to pump out the hydrocarbons.
I would suggest to keep topping up at these low levels when practicable to each investor. The pay out will be dandy indeed. Keep the faith, while awaiting the time.
At $60 barrel year end. What would be share price. If you do u simple proportion with current oil price and share price then we'll be trading around 0.19 by year end. Wonder whether it's good news or not.
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