RE: All buys today7 May 2019 17:47
Hi NTM
I think we’ve bumped into each other on a number of BBs! Never invested in Matad and wouldn’t go near UKOG with a barge pole...
I think it was Amerisur and Trin last time we spoke! They are the 2 dogs of my portfolio! Thank god for Rockrose Energy RRE, GKP , DGOC and Block BLOE!
I would disagree that AMER is undervalued compared to peers! Quite the opposite actually! When I say “oil & gas metric” I am talking about EV/2P reserves , EV/ flowing bbl , PE ratio and PEG ! I could argue that AMER is actually overvalued compared to peers based on those metrics! The management team over there are also grossly overpaid and highly incompetent!