Just stumbled across this stock from a scan I just did. Doing a bit of reading up on the company, getting ready to buy. Seems its all about land value and increasing its value through oil production. However, I cannot find confirmation that BRK owns the land. Everything I have read talks about the land being leased ?
e.g
"Brookside leases about 1800 acres and its analysis of merger and acquisition activity in the area suggests undeveloped acreage is going for about that price.
Managing director David Prentice says last week however, a $3.8 billion merger between Silver Run and Alta Mesa valued the land nearby at $US29,000 an acre and they’re seen land values rise from $1000 an acre to $16,000 in just 12 months."
Just stumbled across this stock from a scan I just did. Doing a...
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Last
44.0¢ |
Change
-0.005(1.12%) |
Mkt cap ! $42.00M | |||
| Open | High | Low | Value | Volume |
| 44.5¢ | 45.0¢ | 44.0¢ | $5.106K | 11.55K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 13735 | 43.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 44.5¢ | 7820 | 2 |
View Market Depth
| Last trade - 12.41pm 01/11/2024 (20 minute delay) ? |
| BRK (ASX) Chart |