BYE 0.00% 5.4¢ byron energy limited

Was there any point in posting this? What does it achieve? It...

  1. 273 Posts.
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    Was there any point in posting this? What does it achieve?
    It takes little or no account of the significant improvement in the quality of the drilling team or the spectacular list of future drilling prospects on the Byron agenda or the macroeconomic picture that ensures the domestic US demand for Byron's oil will be strong notwithstanding a possible global recession/depression. It merely serves to dampen enthusiasm for what is a great story.
    No doubt you would call it a realistic assessment, but the fact is that the share price was trading at 35c in January when the company was far less advanced than it is now.
    The confluence of COVID and the dumb-arsed behaviour of the Saudis starting a price war with the Russians collapsed the oil price, but that has recovered now. The share price has not recovered to the level that it should have done.
    Your gratuitous bearish analysis doesn't help.
 
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Currently unlisted public company.

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