What is the bull v bear case for MAY?
We have had masses of info - so what more do we need to know to be 'certain' that MAY is going to be a tremendous success!
Bull case
Multiple drilling has provided masses of data - MAY (and we) know what is there
Everybody agrees block 9 has huge amounts of export grade oil
To be measured in 10's of $billions!!!!
2D has confirmed the sheer size of various reservoirs
Some heavier / some lighter - but all valuable
Some under more pressure / some less - but all gettable
The oil is movable underground - sits in a highly fractured structure - enabling relatively easy recovery
Its on land - huge plus
Its near vital infrastructure - deep sea port, roads, pipelines, refineries...huge plus
Its in a fast approval environment - no govt hold ups, no red tape...huge plus
Oil prices are high - demand is everywhere
MAY is funded for a few more drills
Next one is due to spud within 2 months
MAY plan is to have oil produced pay for expanded drilling - creating a self-funding program
Anything else???
Bear case
Some questions over sovereign risks - Cuban embargo etc
Some questions over MAY's ability to control the project
Anything else????
Conclusion
This looks like a no-brainer
Keen to hear your thoughts
- Forums
- ASX - By Stock
- MAY - bull v bear case
What is the bull v bear case for MAY?We have had masses of info...
-
- There are more pages in this discussion • 77 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MAY (ASX) to my watchlist
(20min delay)
|
|||||
Last
7.0¢ |
Change
0.005(7.69%) |
Mkt cap ! $235.9M |
Open | High | Low | Value | Volume |
6.6¢ | 7.0¢ | 6.6¢ | $736.4K | 10.84M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 217420 | 6.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
7.0¢ | 199996 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
6 | 130674 | 0.070 |
1 | 300000 | 0.069 |
5 | 710505 | 0.068 |
4 | 1715639 | 0.067 |
6 | 499769 | 0.066 |
Price($) | Vol. | No. |
---|---|---|
0.065 | 70000 | 1 |
0.069 | 305000 | 1 |
0.070 | 399996 | 4 |
0.071 | 1044430 | 11 |
0.072 | 1032575 | 5 |
Last trade - 16.10pm 04/06/2024 (20 minute delay) ? |
|
|||||
Last
6.9¢ |
  |
Change
0.005 ( 7.81 %) |
|||
Open | High | Low | Volume | ||
6.7¢ | 7.0¢ | 6.7¢ | 6178915 | ||
Last updated 15.59pm 04/06/2024 ? |
Featured News
MAY (ASX) Chart |