"re-rating warranted" From current levels definitely!!!
The metrics SEA is currently trading at are astonishing, and the best value/risk proposition i can find on the ASX.
Fully diluted market cap (.71c) = $202,024,683
EV of SEA = $57,024,683
That's right, your are currently getting -
- ~1000 + boepd of production and growing
- Exposure to many producing/proven plays, including - > Mississippi lime > DJ basin > Niobarra > Still retaining a sizable prime Bakken shale acreage holding
- Fully funded company, no worry's about dilutive and time/money wasting share placements.
- Reserves upgrade imminent
And you are effectively getting all this value from a company valued at only $57,024,683
SEA Price at posting:
71.0¢ Sentiment: LT Buy Disclosure: Held
