I dont think we should be investing in a company if its growth is dependant on competitors going bankrupt.
BYE has amazing pipeline of prospects on its own, and whether other producers go bust or not is not of concern to me.
As BYE goes from 2000 bopd towards 10,000 bopd.. whether the oil price is $40 or $50 or even $30, the revenue and profits are only going up with each successful well drilled.
As fellow contributor OldGeo said.. this stock is one to hold and put away in bottom drawer for a few years. All going well we should be getting many multiples of the current 15cent share price.
I dont think we should be investing in a company if its growth...
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Last
5.3¢ |
Change
-0.001(1.85%) |
Mkt cap ! $57.17M | |||
| Open | High | Low | Value | Volume |
| 5.5¢ | 5.5¢ | 5.1¢ | $95.13K | 1.765M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 600000 | 5.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 5.3¢ | 164080 | 2 |
View Market Depth
| Last trade - 16.10pm 05/07/2024 (20 minute delay) ? |
| BYE (ASX) Chart |