Well the Inside Trader indicators certainly look spot on now... Analysis and scan wise this Coy is looking great.
Even better for my money is the fundamental value that underlines the stock- yet all 3 are very valuable indicators. In the LT fundamentals will give this stock a base of approx 9-10c for 2 producing wells and cash in bank IMO. Then as we are drilling for more producing wells a premium will be given in the ST to MT.
Seeing as land sold off was near 4c, it is not hard to justify x3 this figure. Higher when we are producing far more. Downside risk seems very small IMO. It is a real VALUE play now and will be looked into from Value investors. It is a very safe bet to add to a portfolio IMO due to being hugely cashed up and could be classed as a hedge from a correction IMO.
I thought it was time to add some value based plays to my portfolio, in case of any corrections. Yet we would like bullish oil prices as in recent months due to the producing wells. In other words I am simply stating we have little downside risk in the event of a correct yet we will more likely outperform on a bullish market. Looks like a great safe bet to me.
Runs on the board, all cashed UP (Maybe waiting for a correction to pounce on opportunities), great oil land, takeover opps everywhere, producing wells and experience explorers. What more can you ask for in a safer than normal Small Spec punt.
Cheers
JAY
SSN Price at posting:
6.5¢ Sentiment: Buy Disclosure: Held
