BYE 5.75% 8.2¢ byron energy limited

"But OEL will get the rest and yet their MC is only $90M. And...

  1. 2,723 Posts.
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    "But OEL will get the rest and yet their MC is only $90M. And they have dibs on the next project too. I can't see why their share price is so low.

    Anyone any ideas?"  -- badger

    1. I own both. Once almost with equal cash.
    2. OEL may have the better prospects, Alaska, ie. future.
    3. They split the GoM money 50% (less the royalty, so ~41% (if wrong correct me, but not germane here).

    All things being almost equal here I believe -- and I'm biased -- is that Mr. Market has weighed the two, Alaska (yeah-yeah...), Tanzania mis-step (eye elsewhere?),  and judged OEL's management by not buying.

    To ease into the weekend, here's a bit about the direction of oil's price:

    https://www.bnn.ca/video/mccreath-goldman-raises-oil-price-forecast~1316664

    OV

    PS

 
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8.4¢ 156809 2
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Last trade - 15.59pm 29/03/2024 (20 minute delay) ?
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