RE: Share price21 Jun 2020 11:55
Very hard to make any kind of prediction. When people make predictions on this chat, it appears they often miss out crucial fundamentals. For instance, not mentioning names but people will often quote “well the share price has never been above 5p” or “why would bpc reach 10p with no oil” or “before Covid we were only at 4p” etc etc. All of which are rubbish. What they don’t think to add is that bpc now have an additional license opportunity in Uruguay, which they didn’t have before. Since Covid, they have signed a drill ship with stena which they didn’t have before. In addition they have secured a sort of jv with Stena for a 10% interest which they didn’t have before. They have now by way of a merger (at the moment that’s what it’s officially called) with Columbus. They didn’t have that before either. The only thing which is different is the price of oil. Which is recovering and expecting to be roughly 1.5 times the price of oil before Covid hit. Bpc didn’t have this price of oil before either (just needs to get there). Now, the share price of just shy of 3p is massively underpriced. If you said we should be at least where we were before Covid, that’s 6p roughly. (Double). Now take your pick on how much you now think my factors above increase the share price. Personally and this is all in my opinion of course, I think we can reach 10-15p just before spud. At the very least people can buy in now and double whatever their initial investment is. Imo. Just be careful of the derampers on here.