Our live Investing Matters Podcast Special which took place at the Master Investor Show discussing 'How undervalued is the UK stock market?', has just been released. Listen here.
The coming months will hopefully see some upside. If BCE side track is successful and flow rates are good plus if Oklahoma flows 200bpd with more wells planned we will be back in the thirties. Plus Wes Newton in the mix. Market sentiment is not great at the moment, lots of shares out there have crashed big time over the last year. We will recover in due course.
If this flows at 900bpd the annual revenue is 20m dollars, market cap 14m with 4.3m cash from recent raise. A steal at 0.10p, purchase and be patient over the next year or 2. Potential 5-10 bagger. Also PPP, producing 248bpd with another well being cleaned up with more in the pipeline, market cap only 2m, another potential 5-10 bagger.
UJO has had a solid income stream the last 2 years with lots of cash in reserve and no bondholders to pay. Lets wait till end of month, if the pump does the job we should bounce hard.
Claire Coutinho appointed energy secretary and voted against Labour motion to ban fracking. It was Liz Truss support for fracking last year that sent these oil shares rocketing, perhaps a change in policy in the near future?
Forget takeover the offer would be too low. Positives are Italy up and running, next Croatia and France all providing revenue streams; 25% slashed of wage bill; refinancing of Italy project. If Southport and Billingham get closure it will be the rabbits pulled out of the hat.
Will the revenue from the Italian, French & Croatian plants once all operational be enough to get EQT cash flow positive?
EQT have been churning through approx £7m per annum and the falling share price is making further placings unsustainable. Also construction costs have increased considerably along with higher interest rates and now banking crisis.
Remember this 30 bagged from Dec 2020 to Jan 2021; Market cap went from £7m to £300m and now £17m.