I found this form the internet. it is free to subscribe to Eddison research so I assume cutting and pasting a small part will not be considered copyright
Valuation: Cheap from any perspective From every angle, Cue presents compelling metrics. Cash backing at the end of March of 6.6c/share alone accounts for more than half the current share price. Our benchmarking of Cue’s Maari interest comfortably yields a further 6c/share, with no allowance for upside beyond existing 2P. We therefore believe Cue’s share price attributes little if any value to assets beyond cash and current 2P Maari. If the Maari programme delivers to plan, we infer upside of at least 5c/share. Success from a Q313 well planned to appraise a new gas-condensate discovery in an onshore Indonesian permit (Cue 40%) would add further upside. Offsetting this, a shallow (48%) free float and share liquidity is a concern and one that investors should note
the is from a research note on their website.
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CUE Price at posting:
14.5¢ Sentiment: LT Buy Disclosure: Held
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