RE: 1640 trade14 Jul 2018 10:59
Frankly UKOG is overvalued . Its price needs to come down by 50% to reflect 2000 barrels of oil production from HH, in line with previous tests. Market may justify the premium on the basis that more recoverable oil may be anticipated. Even then , potential success is already priced in. Alba on the other hand, is grossly undervalued. Its price needs to go up by a solid 100% or 200% if UKOG hype is matched . On fundamentals, its 100%. Oil flowed at rates in the past and its very reasonable to anticipate that it will flow again. and without doubt , all other assets of ALBA are valued at 000000 as company has not done much about enhancing values. it seems to commence something on that front now.