Multibagger in the making8 Feb 2021 08:59
NTOG is in an extremely strong position.
Positive cashflow position when WTI Oil was sub $40, now its $57.5 per barrel. They are kicking off huge amounts of cash and they are ready to make it work for them bringing in new projects and increasing workover program.
I fully expect to see this trading £10m+ mcap higher and even that would look cheap compared to some of its peers doing similar 135 bopd
We have Miton increasing their TR1 position last week and the potential unrestrict some of the wells which would instantly take NTOG close to 200 bopd
STRONG BUY