Kingo, Welcome to the reality of TTE, (sound like a broken record) hahaha
"Thanks Scruffy. The NPV of future cashflows would seem to be >> than the current SP - especially given future drilling in AD. And then there's the PB of course. I guess I'm just struggling to comprehend why this stock (and others) are so consistently undervalued by the market. I understand there is inherent risk in oil+gas, but even with heavy de-risking it just doesn't add up."
Not sure if you have been around this forum or not, but for at least a year, all of us shareholders have been saying the exact same thing, and constantly keep topping up, because at every level it has traded on, it has seemed ridiculously cheap. Us long term holders believe in the story, and believe that eventually the sp will catch up to the seemingly higher FA value of TTE.
It seems this well maybe the catalyst towards a much higher share price, and a much closer value to what we believe TTE is valued at.
For me I always thought the catalyst would be dr11, that would really make this company, but if the oil is as good as early indication, then we could potentially have two company makers, and rewards will be much much greater.
Here's hoping for a flow rate 50bopd, for each section, anything more, is just a bonus in my view.
GLTA
GEV Price at posting:
18.0¢ Sentiment: LT Buy Disclosure: Held
