Does it really matter if one of the US based Insto decides to take cash in or take his bat & head home!!
Fundamentals are pretty strong for NDO, so don't let the odd tree-shaking bother u.
Let's just revisit the fundamentals or triggers:
- Price of oil is still up over US$70/bbls.
- NDO's '09 avg oil sales price was A$72.7/bbl & in '08 sales were at A$47.26/bbl.
- NDO should have a steady revenue frm Galoc for Q1-10.
- The AD arrives on site & work on Tindalo-1 to commence soon.
- First million bbls produced during the EWT is direct cash (no royalty 2b paid to the P'ines govt).
- The borehole image I posted over the w'end, indicates
oil is present in the well over a 120-144m column.
If thats not enough, u could ring up FOX BIZ's YMYC 2nite at 8pm & ask the 'Experts' on the panel if they know much abt NDO. They wouldnt have the slightest of clues simply b'coz,
- Of its low SP/mkt cap &
- Producing assets in Phillipines or
- Exxon's deepwater discovery or Shells Malampaya field production figures or
- Tax incentives on offer frm the P'ines govt to operators.
- or What a jackup rig/FSO/umblical set-up looks up!!
Nope, they dont really need to know all of the above, rightly enough they r called bankers!!
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Last
88.0¢ |
Change
0.050(6.02%) |
Mkt cap ! $200.7M |
Open | High | Low | Value | Volume |
83.0¢ | 88.0¢ | 83.0¢ | $2.385K | 2.711K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 45839 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
88.0¢ | 7297 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 45839 | 0.830 |
1 | 2001 | 0.815 |
2 | 2588 | 0.800 |
1 | 5000 | 0.780 |
2 | 26000 | 0.760 |
Price($) | Vol. | No. |
---|---|---|
0.880 | 7297 | 2 |
0.970 | 19999 | 2 |
1.010 | 989 | 1 |
1.050 | 100000 | 1 |
1.090 | 50000 | 1 |
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