View from Shareprice...29 Oct 2015 12:11
Even with the news about humpback, FOGL should be a good long term investment. This is from Shareprice posted today. Obviously written before the latest news on humpback but assuming it wouldnt be a winner.
Falkland Oil & Gas (LSE:FOGL) has considerable growth potential. Its drilling programme in 2015 has thus far been very successful, with two of the four wells having been drilled and yielded better than expected results. And, while there are currently delays to the drilling programme as a result of a side-track being required, the long term outlook for the company remains relatively bright.
Certainly, Falkland Oil & Gas' share price has bucked the wider oil sector trend in 2015, with it being down just 3% year-to-date. And, while there is a risk that the oil reserves at the key Humpback prospect are not of a commercial size, the company's margin of safety appears to be sufficiently wide to merit investment, with it trading on a price to book value (P/B) ratio of just 0.5.