Sorry meant to introduce new covered stock: BYRON ENERGY (BYE) (Mcap $232.9m)
Prospect for oil price hike is rather good, and you see oil stocks like Woodside and Oil Search making new highs yesterday and BHP doing well.
BYE reported this week that it now has all permits in hand for its next drilling target and this is due to begin next month.
But the big potential payoff will come from Byron finding more oil. The Bivouac area that Byron is about to drill has a prospective resource of 16 million barrels of oil and 177 billion cubic feet of gas. This could make BYE dearer as we progress into 2H of this year.
Column 1 Column 2 Column 3 Column 4 Column 5 0 COVERAGE DATE STOCKS PRICE ON COVERAGE DATE PRICE @MIDDAY GAIN% 1 29/6 BYE $ 0.340 $ 0.340 0.0% 2 28/6 ATC $ 0.195 $ 0.210 7.7% 3 18/6 A2M $ 10.780 $ 10.560 -2.0% 4 18/6 CGC $ 8.750 $ 8.190 -6.4% 5 14/6 NZK $ 2.240 $ 2.180 -2.7% 6 4/6 BUB $ 0.830 $ 0.775 -6.6% 7 15/5 SW1 $ 0.410 $ 0.365 -11.0% 8 14/5 RHC $ 65.420 $ 53.710 -17.9% 9 9/5 FYI $ 0.145 $ 0.125 -13.8% 10 3/5 4DS $ 0.057 $ 0.043 -24.6% 11 2/5 PME $ 8.150 $ 8.075 -0.9% 12 1/5 TTT $ 1.540 $ 2.680 74.0% 13 30/4 CTD $ 24.880 $ 27.330 9.8% 14 18/4 CLV $ 1.030 $ 1.625 57.8% 15 18/4 VIV $ 0.054 $ 0.050 -7.4% 16 11/4 APX $ 8.820 $ 13.330 51.1% 17 11/4 BHP $ 29.440 $ 34.030 15.6% 18 11/4 PPS $ 0.595 $ 0.880 47.9% 19 11/4 PTB $ 0.545 $ 0.610 11.9%
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