i'm always on the lookout for small cap energy plays.
After having a good run in MAD, EKA and NSE, i stumbled onto CTP.
The main trigger point for me was the preso which pointed me to the large p50 prospect for conventional and unconvential liquids (where i prefer to be).
I liked the NSE storey and these guys are at an even earlier stage than them.
on a ev/acrege basis its compellingly cheap. the dicount to its peers is, i think, is due the the board room issues and the ability of old management (i don't wish to start a debate on this by the way).
NSE is trade ~$40 ev /acre ...CTP's good asset eqaute to ~$2.50 ev /acre. NSE has not even drilled a hole yet and its on ~$180m mkt cap, but 5% of the prospective acrege. The only difference betweent the 2 is a farm in deal. This what CTP needs, and given the majors around CTP...i think this should be quiet achievable.
In my view, this stock is not a 2 bagger...its much more.
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Last
4.8¢ |
Change
-0.001(2.04%) |
Mkt cap ! $35.52M |
Open | High | Low | Value | Volume |
4.9¢ | 4.9¢ | 4.8¢ | $977 | 19.94K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 993652 | 4.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
4.9¢ | 230082 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 993652 | 0.048 |
1 | 200000 | 0.047 |
1 | 100000 | 0.046 |
3 | 319092 | 0.045 |
1 | 65000 | 0.042 |
Price($) | Vol. | No. |
---|---|---|
0.049 | 230082 | 2 |
0.050 | 110000 | 2 |
0.055 | 461000 | 2 |
0.056 | 178589 | 1 |
0.059 | 25000 | 1 |
Last trade - 16.10pm 25/07/2024 (20 minute delay) ? |
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CTP (ASX) Chart |