I just can't understand this stock...
Small comparison I did (ignoring company sizes just for the analysis)
Woodside Petroleum - Market Cap $60.5b - Last years production - 513k BOE/d, using simple maths - they are valued at circa $0.118m per BOE/d.
Applying the same ratio (again ignoring scale differences), BRK should be valued at 1410 BOE/d x $0.118m = $166.8m!! Even if we discount for scale by say 40% (factoring in growth differences, forecast growth of 2,500/1,410 = 77%pa for BRK, there is no way that WDS can match this growth), the company should double in price... What am I missing here?
News: BRK Brookside Energy Posts Qtrly Net Production 1,410 BOE Per Day, page-2
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Last
1.3¢ |
Change
0.001(8.33%) |
Mkt cap ! $62.04M | |||
| Open | High | Low | Value | Volume |
| 1.2¢ | 1.3¢ | 1.2¢ | $11.13K | 921.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 24 | 15635756 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 21560553 | 30 |
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| Last trade - 15.47pm 18/07/2024 (20 minute delay) ? |
| BRK (ASX) Chart |