Shares outstanding & market cap implications seem to think most folks are backing TBN for all the reasons outlined in previous threads on this forum - it’s a very compelling near term producer with significant upside potential if they prove commercial grade flows in both rate & duration across their massive average in the basin.
You can have the best rocks and woeful management and go nowhere, thankfully for us the credentials and approach of management has given me the confidence to put a significant chunk of my portfolio towards TBN as like most of you, I’d rather not work until the official retirement age if my portfolio can bridge me to my super
I don’t think any of us foresaw recent Middle East developments in relation to the Straight of Hormuz (15% of global oil trade, 20% of global LNG) potentially elevating prices on the global gas market & thus valuations. If this gets out of hand who knows how much Iranian Oil / LNG infrastructure will be damaged & offline for how long. We live in uncertainty times, perhaps our product may eventually command a geopolitical premium given our relatively low-risk jurisdiction? https://www.investors.com/news/strait-of-hormuz-oil-prices-iran-israel-conflict-stock-market/
TBN Price at posting:
19.0¢ Sentiment: Buy Disclosure: Held
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