RE: 7p target or thereabouts6 Apr 2021 20:03
Certainly less than what I was hoping for, but that represents 100% more than where we are now. I would like to see potentially a buyer emerge - Chrysoar is my bet. The CPR will pave the way to an accurate valuation. The BOD have elected to put off any works this year to boost production and taken the decision to manage the single well. Water cut appears workable with a single operational well. There is a bond payment due in June 2022 and with oil prices above $55 we will have no issues on this front. If as analysts have noted prices actually sit between $65-75 then we along with the likes of ENQ and TLW look very cheap. Hurricane being the most undervalued of the 3. I am looking for a return to double digits, but steady eddy rises I am more than happy with. UT at 3.6, which is the high of the day and a strong break above the 50 day MA is very bullish.