SAE 3.45% 14.0¢ salinas energy limited

Hi DynofishI am a holder of both stocks and have met with both...

  1. 6,650 Posts.
    Hi Dynofish

    I am a holder of both stocks and have met with both set of management over the last few months on possible corporate situations.

    Don't ask about the situations as it is really of more interesting that people see such value in both INP and SAE.

    I think it really 50 - 50 which one to buy.

    A simple comparison.

    INP - huge field, not yet producing onshore Australia, poor quality management compared to SAE, possible daily flows greater than 20,000 bopd once developed in 5 to 8 years. Limited upside exploration outside current EP (that's huge enough).

    SAE - heavy oil field producing good cash flow limited follow up on current production rate from current producing field say max 3,000 bopd. New exploration plays look great especially Osso Bucco.

    So take your pick, I play closer to home and in my ideally world INp hits two bucks which I then sell 50% to invest into SAE.

    cheers

    PC43
 
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