Updated research to account for 2024 reserves upgrade, commodity price changes and 3 10,000 ft lateral wells in 2025.
At current share prices. BRK is still trading at ~87% discount to MST ( NPV 10) valuation.
Admittedly, oil gas prices are below the average full year projections, but prices move up/down so the average can still be achieved . In that context IMO there is nothing in the projected balance sheet which shows the company can't afford a small $2-3 million buy back ( unless they spring in a surprise production acquisition or material new acreage build in addition to drilling the projected 3 wells in 2025.)
Happy Easter
Cheers
Dan
Updated research to account for 2024 reserves upgrade, commodity...
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Last
42.0¢ |
Change
-0.015(3.45%) |
Mkt cap ! $40.37M | |||
| Open | High | Low | Value | Volume |
| 43.5¢ | 44.0¢ | 42.0¢ | $30.05K | 69.14K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 79384 | 42.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 43.0¢ | 3076 | 2 |
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| Last trade - 14.00pm 01/08/2025 (20 minute delay) ? |
| BRK (ASX) Chart |