STU stuart petroleum limited
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3 million brls of 2P reserves reported Dec 2007 at NPV $30/brl =...

  1. ronstieb
    9,326 Posts.
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    14/01/08
    15:54
    Post #: 3242443
    3 million brls of 2P reserves reported Dec 2007 at NPV $30/brl = $90mil

    Current market cap at $1.05 = $66mil

    Either COE has $24mil in net debt or the stock is undervalued

    Net debt position last reported in annual report $1.7mil

    Currently producing 3000bopd ($300,000/day) its hard to believe they have $24mil net debt

    Conclusion: STU at $66mil MC is currently undervalued
    STU Price at posting: 0.0¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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