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clock Created with Sketch. 19/04/18
08:43
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Originally posted by iminvestor101
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Thanks for your insights. I’ve been doing a bit of reading and area 41 seems promising. The valuation is very complicated to calculate for me as the size of the business is the biggest I’ve ever analysed. Seems like a good asset consolidating play though. It’s ina great jurisdiction and on a world class oil reserve. I think this play is a high leverage play on the poo. As long as it continues rising, the pressure will build on this towards the upside. Can’t keep it contained for long. A lot of major players have been moving out of Eagle Ford and moving into Permian just because of lower costs. But so long as we continue to see +55 pboe this company is sitting sweet. I wonder what the next big announcement will hold? After seeing poo go up +3% last night, will this finally move the sp up today? We will see.
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Cash: US$77m(post-acquisition)
