Good finish to todays trading, some decent size orders went through at .17 late in the day.
Nice presentation, totally reinforcing what we already know and what to expect from the company in the near to long term.
Absolutely correct about being undervalued by the market atm, this is not a speculative explorer looking for its first strike, it's a producer with smart management, positive cash flow and huge growth potential. The following paragraphs from today sums it up well:
"In this current environment of uncertainty and volatility your Company is well placed to weather the extremes. Conservative hedging programs have around 70% of natural gas
production hedged at just under $6.00/Mcf and around 70% of oil production hedged at $90.00/Bbl.
The company continues to generate over $1.2 million a month in net cash flow. At the same time we continue to build an effective management team, now very capable of increasing the size of the company from its 1,500 Boe/d to the 4,000 to 5,000 Boe/d, with little additional cost.
The production business model for the Company has certainly been proven.
However, more importantly for shareholders, I believe the Company has significant upside
potential in three unconventional shale plays that sit on our balance sheet at virtually no
cost."
Yes, me like very much.
- Forums
- ASX - By Stock
- EEG
- eeg is a no brainer for proactive investors
eeg is a no brainer for proactive investors, page-112
-
- There are more pages in this discussion • 25 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add EEG (ASX) to my watchlist
|
|||||
Last
29.0¢ |
Change
0.005(1.75%) |
Mkt cap ! $294.9M |
Open | High | Low | Value | Volume |
28.5¢ | 29.0¢ | 27.0¢ | $69.48K | 249.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 28417 | 28.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
29.0¢ | 50000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 28417 | 0.280 |
3 | 73819 | 0.275 |
1 | 155000 | 0.270 |
1 | 5558 | 0.265 |
3 | 66182 | 0.260 |
Price($) | Vol. | No. |
---|---|---|
0.290 | 50000 | 1 |
0.295 | 309625 | 3 |
0.300 | 250439 | 5 |
0.320 | 55000 | 1 |
0.330 | 40000 | 1 |
Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
Featured News
EEG (ASX) Chart |