OEL 7.69% 1.2¢ otto energy limited

It is difficult to compare OEL and BYE . But no , I do not think...

  1. 4,777 Posts.
    lightbulb Created with Sketch. 2233
    It is difficult to compare OEL and BYE .
    But no , I do not think BYE deserves a higher MC than OEL .
    OEL should try and maintain its position with BYE as a favored partner .

    Hilcorp does not need to drill with a partner .
    They drill with a partner that pays a disproportionate share of the costs so as to raise their risked return on investment for their exploration budget .
    They will be trying to get the best deal in the market .
    OEL has stressed the good business values and ethics of there new partner which is good to hear but they are not going to be Santa Claus .

    There is a lot of luck as well as skill in exploration , however I think that it is likely that the deals with BYE will be better value than those with Hilcorp .
    I am very glad the Hilcorp deal has come along and it appears to be a good one , however I would like to see OEL do more new drills with BYE as well if they become available .

    There are valid reasons imo why BYE is valued more than OEL but as I have said before I think that OEL is better value at the present time because of its higher revenue per $ of EV .
    BYE and OEL are not clones they have different skills and business strategies .

    BYE is on my watch list and I might make an investment in the future .


    gltah
    Last edited by jophda: 03/08/18
 
watchlist Created with Sketch. Add OEL (ASX) to my watchlist
(20min delay)
Last
1.2¢
Change
-0.001(7.69%)
Mkt cap ! $57.54M
Open High Low Value Volume
1.3¢ 1.3¢ 1.2¢ $104.4K 8.704M

Buyers (Bids)

No. Vol. Price($)
7 10331121 1.2¢
 

Sellers (Offers)

Price($) Vol. No.
1.3¢ 9494694 17
View Market Depth
Last trade - 16.10pm 01/07/2024 (20 minute delay) ?
OEL (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.