Time for a re-rate soon27 Feb 2021 20:00
Agree with what’s being said here. This share is one of the best buys around at the moment, offering exceptional value. Unsurprising to see some declared holdings this week.
The problem I have had in the past with a lot of small oil companies listed is that they are risky exploration companies without any real income. Great when they strike, but terrible when you get that horrible duster RNS and the resulting cash raise!
Here we have a situation where the team are brilliant and instead of constant cash calls the company is focused on producing its assets and delivering for shareholders, with the exploration side offering even further upside. That’s the right way round for me. Brian Larkin seems to quietly just get on with it.
I’m continuing to buy here in the 4s as it’s only a matter of time before this doubles as a minimum, but that’s just the beginning as we’ve all seen the broker targets out there.
Those late 20s broker targets aren’t going to happen overnight, but we all know it’s worth a heck of a lot more than 4p a share. Happy to just sit on these and wait.
The only real negative is it the shares are still seem to be a bit off the radar of many, but that will surely change as the story unfolds.
Hopefully the company will continue to PR the fact they are a producer with income and not just a frontier explorer as I think that’s what the casual onlooker might not yet realise. They are making all the right moves, and the price should soon match up to reflect the quality of the income producing assets here.