Hello Olly8888,
I made a macro call that Oil was going to rise in price over the next couple of years. I did a peer comparison across every single oil company on the ASX (see: selection below):
I then created discounted cash flow models of the companies that I believed offered the best value. I reviewed their annual reports, quarterly reports, company presentations and reviewed all market notices.
Note: I have not included exploration Oil and Gas companies nor Gas pure play companies. I think gas is oversupplied in Australia.
From this I then selected NDO.
I liked AWE initially because of their underlying financial metrics. However I feel uncomfortable about their current oil reserves and they are clearly overpriced compared to their peers.
I trade approximately 10 stocks in for my portfolio. I have a range of valuation metrics that I use as part of my stock selection process. My typical holding period is 3 months to 3 years.
Kind Regards,
Par15
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Last
90.0¢ |
Change
0.005(0.56%) |
Mkt cap ! $205.2M |
Open | High | Low | Value | Volume |
90.0¢ | 90.0¢ | 90.0¢ | $17.45K | 19.39K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 88.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
90.0¢ | 3950 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 25000 | 0.880 |
1 | 5000 | 0.860 |
1 | 20000 | 0.850 |
1 | 62111 | 0.805 |
1 | 40500 | 0.800 |
Price($) | Vol. | No. |
---|---|---|
0.900 | 3950 | 1 |
0.935 | 3297 | 1 |
0.950 | 3000 | 1 |
0.970 | 19999 | 2 |
1.050 | 115000 | 2 |
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