3 May 2020 15:55
Hi Kimbo, firstly let me say I am not a profession advisor, you need to decide if my comments are worthy/helpful for yourself , that said, it’s a hugely interesting time for O&G, you have a perfect storm between demand destruction, storage issue and a battle for control ... What I do.
1. Look at revenue growth over the past 5 years (And if an expo co finding, partnerships and hedges take to insure Barrel Prices.
2. Look at recent Director Dealing, if their buying there’s usually a reason.
3. Look at the cash flow, you don’t want a sudden share issue to dilute what you just bought.
After that its more about what you think will happen, that Oil most think it will recover from the 10-20 PPB now back up to the 60s within 2020, weeks you’ll see many company’s talking loans and cutting divs to bridge the period from now to then. GL