ACN acer energy limited

Bought another 6000 shares at 73c. Hopefully tomorrow will come...

  1. 1,015 Posts.
    Bought another 6000 shares at 73c. Hopefully tomorrow will come some positive progress.

    Assuming a reasonable INP profit margin at $50 per barrel, 1000 barrels a day, (quite low level), working 300 days a year due to flood

    50*1000*300=15M dollors

    and current MC is 138M when SP is 73c. Foward P/E is 9.

    I know P/E of BPT is only 5, but they made a huge loss of $50M on closing their oil hedge account. (a very bad mistake)

    Cheers
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.