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Looking in it looks like it was press’s down ever since the big contract news. They got it as low as they could and they are trying to control the rise now. It’s stupidly cheap imo. But the shorters will be wanting to keep this under control.
https://www.hitachienergy.com/news/press-releases/2023/03/hitachi-energy-and-petrofac-secure-landmark-offshore-wind-agreement-worth-approximately-13-billion-euros
Watching this one with interest. Looks good for PFC from here
Let it grind higher and just focus on the offer here
1,500 boped production
5m owed
1.4m in the bank
Debt free December
ASH 8 Massive gusher
Production doubled this year
ASD3 drilling ahead - could deliver 2,000 boepd gross
Jamiaca could drop anytime - thats company changing...
12m mkt cap
They paid 16m for Egyot and took on 8m debt. Production then was 800 boepd net
Reserves have increased..
How is this trading lower than when they bought it, and under the value they paid.. Oil price was also a lot lower!
Ridiculously cheap here.
Keep buying.
Jamaica time. Tick tock
https://twitter.com/Gregpeck_07/status/1646028039686348800
Only bought 40k’s worth. Jesus at 55 odd million mkt cap. Get it into UOG if you ever want to see a return on that again. Up 21 percent today as the market wakes up and only 11m cap. The valuation here got, and still is. Ridiculous.