Following a recent placement, this cashed up oil and gas producer is trading at less than 3 times revenues. With a second appraisal and production well spudded in May, and two more due (into known reserves) within the next 12 months, the stock appears seriously undervalued. Buy for the medium term.
Stock code: HOG
Charts: Hawkley Oil & Gas Limited
More news: Hawkley Oil & Gas Limited
HOG Price at posting:
36.0¢ Sentiment: LT Buy Disclosure: Held