Yes a lot can go wrong, which is why we should always be cautious with our hard earned cash and not try to be a hero by putting too many eggs in one basket.
While I think TAP is undervalued, a huge chunk of it that valuation is based on the Manora development. The recent SP appreciation and CEO increasing his stake is great to see, but the reality is that the SP will be heavily tied to Manora hitting its production targets. Estimates are just that, estimates. What really matters is what happens in the real world and whether we can recover the amount of oil predicted.
TAP Price at posting:
53.0¢ Sentiment: Buy Disclosure: Held
