7 well production prediction, page-7

A few other small cap oil producers listed on the ASX with great fundamentals are failing to see an appropriate price response. Some I hold included CE1 (Canada) and CUE/NZO.

I think Australia isn't a great place to be listed given ESG concerns of the big funds (which would normally provide the inflows to drive a small cap into the ASX200/300) and a drying up of debt markets.

Having said that, I think this allows retails investors with a great opportunity to buy high-yield companies at a low price, even after they have then de-risked to an almost ridiculous degree.

At this end of the market, NPV calculations matter. I just think we have to realise the future income isn't going to be immediately reflected in the share price like other 'growth' stocks (many of which will never turn a profit). Its just the reality of investing in these types of companies at the moment, I'm afraid. I am very relaxed about the profitable small oil companies I own.