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37,911 Posts.
828
19/11/19
17:47
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also i ran my ruler over WGO yesterday
i think it is a good company but the share price went too high based on current fundamentals
you probably need to phone them and ask when they are drilling the two extra appraisal wells
if they strike the same gas then the share price should go up again & you can decide to sell or hold
at the STX production scenario of 75TG/d, i think it is worth over 50 cents based on cash earnings but production won't start until 2022
in the long run, it looks OK but not as "blue-sky" as most would wish
blue-sky can only come from a take over
Last edited by
ddzx:
19/11/19
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