EKA eureka energy limited
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adi leading the way

  1. Doodlebugger
    2,223 Posts.
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    15/10/09
    17:30
    Post #: 5785541
    My simple calcs suggest that EKA is moving into a value area now given its key asset is the same as ADI's. ADI at 16.5 equates approximately to EKA at 8 IMHO. A little hard to calc what ADI will get for remaining Yemen acreage, but I expect it will be a fair bit less than the area just sold. This is the only one of the 3 JV members that still has a heavy sell side.

    EKA Price at posting: 6.4¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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