SSN 0.00% 1.5¢ samson oil & gas limited

us preopen, page-6

  1. 1,675 Posts.
    The Motley Fool reports -

    Samson Oil & Gas (AMEX: SSN ) : The stock fell more than 14% in one week. And the move by the market might be justified. This is a company whose cash outflows are currently greater than its inflows, thanks to substantial capital expenses and barely any profits. But what the market might have missed is this: Samson is developing its reserves in the Bakken, which should substantially add to production this year. Once this happens, I expect much stronger cash flows. In simple terms, it's an up-and-coming exploration company and its current situation doesn't really surprise me.

 
watchlist Created with Sketch. Add SSN (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.