Clearly greatly undervalued particularly given the most recent valuations and share price targets were based on oil between $60 and $80 per barrel and that put the value at between 2.5 and 5 times current price. At POO over $100 this is clearly worth much more than the current SP.
The trick is to know whether it is the best bet. MOL, IPM, POL, SEA, CVN, BRM, RDR also look very cheap too, and BHP is certainly a bargain at current prices.
I've picked up more at 31c and if I had more money I would be picking up more again around 30c along with some CVN, INP, and SEA.
SAE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
