PCL (Pancontinental Oil, flat 0.6cps, m.cap A$34m, Oil & Gas): Aiden Bradley
·Hartleys have released an updated note on PCL.
·2018 is set to be an exciting year of news flow for PCL. First up, is the imminent flow test of the Tulainyo well in California, it remains the most likely target (in our opinion) among those identified to ‘naturally’ flow at a high commercial rate.
Secondly, and perhaps even more exciting, is the proposed drilling of the first offshore well in PCL’s Namibian acreage in the second half of the year. At the moment we rate this well among the most prospective (if not the most prospective) for 2018 (relative to market capitalisation) in any portfolio across the whole ASX Junior Oil & Gas sector.
·As a result, PCL is one of our top Oil & Gas sector picks for 2018. We have upgraded our price target to 1c per share (from 0.8c) on the back of Namibia.
In the full report, they value PCL at 6.8c derisked, so it’s a Disallowed on their numbers. I think they will change that depending on the flow rates etc. I’m inclined to think upwards. Please dyor.
- Forums
- ASX - By Stock
- Hartleys best oil pick for 2018.
PCL (Pancontinental Oil, flat 0.6cps, m.cap A$34m, Oil & Gas):...
-
- There are more pages in this discussion • 8 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 PCL (ASX) to my watchlist
(20min delay)
|
|||||
Last
2.3¢ |
Change
-0.002(8.00%) |
Mkt cap ! $185.5M |
Open | High | Low | Value | Volume |
2.4¢ | 2.4¢ | 2.2¢ | $796.6K | 34.35M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 6072821 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 1876894 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 6072821 | 0.022 |
14 | 6419728 | 0.021 |
20 | 12006994 | 0.020 |
6 | 5707894 | 0.019 |
5 | 5586999 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 1876894 | 2 |
0.024 | 5055590 | 10 |
0.025 | 2470952 | 5 |
0.026 | 6299804 | 11 |
0.027 | 5293169 | 13 |
Last trade - 16.10pm 02/05/2024 (20 minute delay) ? |
|
|||||
Last
2.3¢ |
  |
Change
-0.002 ( 6.12 %) |
|||
Open | High | Low | Volume | ||
2.4¢ | 2.4¢ | 2.2¢ | 24380354 | ||
Last updated 15.57pm 02/05/2024 ? |
Featured News
PCL (ASX) Chart |
The Watchlist
RDN
RAIDEN RESOURCES LIMITED
Dusko Ljubojevic, MD
Dusko Ljubojevic
MD
SPONSORED BY The Market Online