CTP
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0.00% 4.9¢ central petroleum limited

predictions for today?, page-41

  1. carbonblack
    44 Posts.
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    05/10/12
    18:07
    Post #: 10820664
    You can't apply US eagle ford or Bakken multiples to CTP. In the US the drillers drive home each nite and the product is sold into the nearest existing pipeline. In NT it floods half the year, we have few rigs and no fracking capability. No pipelines. No customers. The upside is big, but it a long term game. And big capex. (even in the US it's a big boys game)
    CTP Price at posting: 85.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 13  Upvote
    lightbulb Created with Sketch.  Great analysis
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