IMHO both Nido & Otto only seem to be valued on Galoc alone, yet OEL suffered a 15% hit on Duhat. Even then both companies appear to be at a discount to other oilers based on production, reserves etc.
Otto has a 44% larger interest in Galoc than Nido, yet up until now was always valued more than 44% above Nido. Now OEL's market cap is only about 20% higher than NDO's. Recently I have been buying NDO rather than OEL only because of the relatively cheaper exposure to Galoc through NDO.
With Duhat being a duster, NDO would appear to have more to offer by way of other projects as Len Hun has pointed out. However only looking at exposure to Galoc, OEL is now cheaper than NDO.
doing all the right things, page-15
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1.3¢ |
Change
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Mkt cap ! $62.33M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.2¢ | $3.446K | 265.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 6626236 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 10296749 | 13 |
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| OEL (ASX) Chart |