Where to next ?30 Jan 2019 09:31
The best thing about BBs is exchanging investment ideas and research .... having made a big stash of cash in a short period of time, the question is what oilies deserve this hard earned! I have some ideas but would like to exchange some thoughts ...my current short list includes
RRE undervalued North Sea oily producing 11000 bopd and an EBITDA the same as the market cap debt free and cash rich
TRIN undervalued Trinidad oily producing 3000 BOPD debt free and cash rich
TXP Trinidad focused very low market cap and an active exploration programme in Q2
SDX North Africa focused has plans to bring SD online at mid year and will reach 10,000 boepd
Soco International Share price has been hammered and now stabilised at 10 years lows ... South east Asia assets and just made an acquisition in Egypt! Big expansion plans ! Returns annual dividend currently equal to 7% of SP