Share price might be DAFT but i love the production,
Initially Caroline expected to pay out ( 3 million) in 18 months (i.e. 2 million a year).
but oil flux exceeded the capacity of the rig being a + 30% above expectation.
30% above 2 million a year is 2.6 million a year .
A similar company to SHE is Brookside (BRK ) that has seen substantial growth in revenue, profits and cash..
But BRK share price is just as DAFT as Stonehorse's !
Brookside Graph over 3 years shows a annual Year on Year fall of -26% despite strong growth in fundamentals over the last 3 year 2nd graph below.
Below is a graph of Brookside energy Revenue,Profit before tax, gross profit and net cash.
SHE has fallen on average -18.9% year on year.
Yet SHE has also has shown stellar growth in fundamentals.
Oil companies are very much undervalued due to:
1) The perceived increased risk due to measured increased risk (oil went negative during COVID).But oil price going negative was due to a rare event of COVID.
2) The fallacy that the west can abandon oil and gas. Fortunate we are seeing signs of the impossible targets being rolled back , In Australia their is a push back against inflationary all green energy and in the Europe a weakening of the green targets .
AI compute centers will increase the energy demand as well as rise of the middle class's in India, China and many other countries where their is a increase in consumption.
Oil is not going to disappear unless you believe in pixie dust.
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0.9¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.159M |
Open | High | Low | Value | Volume |
0.9¢ | 0.9¢ | 0.9¢ | $981 | 109.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 590979 | 0.9¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 1043882 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 590979 | 0.009 |
3 | 3495000 | 0.008 |
3 | 1825124 | 0.007 |
2 | 340009 | 0.006 |
2 | 1000000 | 0.005 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 1043882 | 4 |
0.011 | 922098 | 1 |
0.012 | 421052 | 1 |
0.013 | 850000 | 2 |
0.015 | 290188 | 3 |
Last trade - 10.08am 08/08/2024 (20 minute delay) ? |
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