Cara "If this isnt a screaming buy dont what is ?"
I agree so (despite the fact that I had decided not to buy more OEL I was buying at .091-.094 yesterday).
The value of OEL could be viewed in terms of the way a poster on the NEN thread calculated his coy's value, and I quote his comments in regard to NEN :-
"To cut a long story short, in the next 12-months the following is easily achievable (conservative):
1. 350bopd from NSA (latest indication is that we are doing this now)
2. 300bopd from Glau
3. 300bopd from PV
=90000bbl/q or 360000bbl/y at a margin of $60/bbl.
=$21M NPAT
=0.045EPS
=implies SP of $0.45 (on 10x PE multiple)."
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
NEN current share price is .30.
OEL will be getting approximately 4000 bpd and tapis prices so applying the same methodology to OEL say
4000 bpd x 365 days x $60 = $ 87.6 M NPAT = 0.076 EPS =implies an OEL SP of $0.76 (on 10xPE multiple).
disclosure I hold some NEN but LOT's of OEL.
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Last
1.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.54M |
Open | High | Low | Value | Volume |
1.2¢ | 1.2¢ | 1.2¢ | $5.9K | 491.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
23 | 12272711 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.2¢ | 4964014 | 9 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
23 | 12272711 | 0.011 |
4 | 2258780 | 0.010 |
1 | 100000 | 0.009 |
2 | 245123 | 0.008 |
7 | 1836283 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 1414320 | 4 |
0.013 | 13558765 | 18 |
0.014 | 5599735 | 10 |
0.015 | 4759572 | 8 |
0.016 | 248004 | 2 |
Last trade - 10.06am 19/07/2024 (20 minute delay) ? |
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