Bubble/No Bubble10 Jan 2020 01:26
I originally came in via the hype of BB, betting for a bit of fun on IG. Made a bit, peanuts, remember going in to a meeting being £1,000 up only for it to be £300 by the time I came out.
Since then I have researched and invested.
What I dont understand is that UKOG is valued on (this statement doesnt read well on read back) its current production capacity, there is no hope value. UKOG is producing from Kimmeridge, it has plenty of Kimmeridge assets why arent they included in the SP (at a discount).
Companies should be valued on their potential future earnings (risk factored in) not on their current earnings. People are quoting that 1,000bpd from HH2z is worth £x. If this proves viable then surely the SP should include future wells.
Potential future could be worth 10s of pences is it worth that now, definitely not but is the risk reward price worth more than the current SP. In my opinion yes.