Post by
Hendrick3 on Feb 04, 2021 11:28am
Hugely Undervalued
If you look at the metrics of this company it should be an easy double this afternoon. It's currently trading at less than $18,000 per flowing barrel in a$55 WTI environment. Given it is a light oil play which is not very heavily levered, this is the cheapest stock I am currently seeing. Just as a basis of comparison, the recent acquisition by enerplus was $25,000 per flowing barrel and that was a liquidation sale. If this company was valued at $25,000 per flowing barrel the stock price would be almost a dollar a share. Huge upside.
Comment by
Hendrick3 on Feb 04, 2021 5:55pm
If you look at the free cash flow forecast and amend it for the current price, they will have free cash flow / share of 20 cents. If the price comes down to their premise of $49.50, they will have around 12-15 cents free cash flow. Not bad for a 35 cent stock. I cannot believe this company my is so cheap. I bought 50,000 more shares today.
Comment by
littledave55555 on Feb 07, 2021 8:33am
Eric Nuttall on market call tuesday , someone call and get him to promote IPO .. see what he thinks I would but i have to work lol ... Oil keeps going up an so will we .. GO IPO GO
Comment by
Hendrick3 on Feb 10, 2021 4:27pm
Finally a bit of a run today. This stock should be closer to 80 cents based on the metrics.
Comment by
littledave55555 on Feb 10, 2021 7:53pm
it think a lot of people that are holding stock believe the same thing .. not a lot of volume ... so everyone is waiting for better days nice to see ...i'm waiting till over 1.50 before i sell any shares and i'm sure they will get there ... go opi go
Comment by
Hendrick3 on Feb 10, 2021 8:42pm
If this stock were similarly valued to companies like BNE and YGR, it would be closer to $2. The more I look the more I like this name. Could be a 5 bagger from here.
Comment by
fearlessggg1962 on Feb 10, 2021 11:45pm
My implied price on this stock as of today is $0.74 per share so it is undervalued and if the price of oil keeps going up this company has some torque at higher prices. I think the tide will turn on this little company very shortly. Regards, Fearlessgg
Comment by
fearlessggg1962 on Feb 11, 2021 9:23am
I agree with you little Dave, I expect a good 10% move up this morning simply because WTI is $58.52 and NG is at $3.03. We will see like you said stock is only worth what people will pay for it but at the end most investors cannot ignore good fundamentals and IPO is definitely a good compelling story at this point in time. Regards Gabriel