RE: Significantly Undervalued ‼️14 Jan 2026 14:10
Excellent post by hgbc on Advfn, with the macro view
“ the problem is not with the technical operations but with the geology. Even if the geology was more benign the company is woefully sub-scale to be opening a new oil province. At least if there was mobile oil the leases would be worth something, but there isn't so they aren't. There is a reason why all the majors in Prudoe Bay and the North Slope haven't been interested in the areas where XCD, 88E and Pantheon have attempted to open, like their superior G&G expertise for example. With operations in the area it would have been reasonable of them to try, just as Conoco Phillips did with Harpoon. Of course they soon walked away from that when it turned out to be nothing like Willow, and wrote it off.”