AJQ is going to be a multi $100m market cap company in time. The last 9 months have provided a remarkable buying opportunity to get a position on a stressed company that has been hit by the COVID hydrocarbon malaise, too much debt and lackluster management. Things have now changed with a very respected CEO and management team at the helm, along with a renewed interest in Gas. This combined with the existing infrastructure and ground owned by AJQ, the propensity for significantly higher production and deals (meaning debt elimination) and upgraded resources (In existing and new wells) means AJQ could be pumping out a lot of cash and profit in a relatively short timeframe. I initially bought AJQ as a trading opportunity but after looking at the company in detail and talking to a few people have decided to stay on board for a while. This could be a life changing investment...???
If the likes of Linzy don't want a piece of the action then who cares! Each to their own!
AJQ Price at posting:
6.2¢ Sentiment: Buy Disclosure: Held
