About a year ago I got interested in investing in junior oils. Two names came up that looked very interesting to me - 88E and FAR.
Over the last year the fundamentals of both have looked great. In ground billion + barrels of oil potential etc etc.
The SP of both has not looked to great for various reasons.
FAR recently successfully completed another hole and if the SP is any indication the market said "so what!" IMO! Perhaps good results in their remaining two holes will make "long suffering' SHs smile some more.
Both companies are exposed to the same POO.
Beyond that comparison is not very easy with:
FAR 15%, offshore, JV problems, etc.
88E 78%, onshore, unconventional test, north slope, good infrastructure etc
The query I have is why would the market react to 88E at 100+ BPD flow rate all that differently from how it has treated FAR after 6 successful holes.
About a year ago I got interested in investing in junior oils....
-
- There are more pages in this discussion • 7,235 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add 88E (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $57.78M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.2¢ | $15.57K | 6.090M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 247 | 357247800 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 616017987 | 229 |
View Market Depth
| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| 88E (ASX) Chart |