GGE is the most undervalued O&G company listed on the ASX.
GGE is fully operational and profitable, with a market cap of 3.8million, null debt and 1m cash.
Priced cheaper than most defunct shells on the ASX.
Directors has been buying millions on market in the past last month, extremely bullish with oil prices at $75 a barrel.
GGE also sells their product at a slight premium to the average monthly oil price.
Extremely low SOI and free float, top 20 shareholders own ~80% of the company with the top shareholder topping up at each pullback.
Also acquisition news around the corner as the company is looking at new projects to expand current operations. They have commenced talks with several brokers a while back from what I have been told.
Shareprice ran to 2.4 cents when oil was $65 a barrel, now its $75 a barrel.
Not much shares on offer, chart has been consolidating for a while and has broken out of its range today. Need a little bit more volume for confirmation.
GGE should be at least a 20m market cap company, (Compared to peers) which is 5x our current market. cap.
The next quarterly results will be a ripper imo, with record oil prices
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