OEL 8.33% 1.3¢ otto energy limited

I'll take 2.4cps in a heartbeat an never look back (but I'll...

  1. 10,873 Posts.
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    I'll take 2.4cps in a heartbeat an never look back (but I'll remember their names).

    At present there is only 1 asset worth anything really and that is SM-71. Sell that and it would be difficult to recoup the investment made in the other assets (gut feel).

    Merge. Strengthen the balance sheet. Cut unnecessary staff (bulk if not all OEL). When oil price recovers the merged company in fundamentally better shape. Caveat - I might just have had enough of the OEL BS.
 
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