Seriosuly Undervalued and Going to be long for next 5 yearsI was looking at some of my recent penny stock purchases with no profits and facilities being constructed. Good profits made there with the vegan boom .
Looked at Very good butchers , invested 2000$ for 13cents a stock ,Sold for 8$ a stock.
Made a cool 125k profit there
Looked at Pontus Protein , bought at 10 cents pre IPO.
Its worth 1.27$ a share now and its valued at 53million for a company which does not have a product on shelf yet.
Honestly by same metric ,an established company like Athabasca with assets on table ( Durvernay,SAGD plants and pieline space in upcoming TMX, Keystone space ,should be atleast worth 500million and in bull case scenario , atleast 2 billion .Saw a ton of new people in the Oil Stocks forum for past few days .Lots of retial investor buying .
A rough calculation brings this to a price of 1$ atleast and 2$ in bullcase scenario .
If Oil hits 80-100$ ,this is a 5-10$/stock company with valuation of 2.5 to 5 billion.
Remember when they listed in IPO at around 12$( Was north americas largest IPO in 2010/2011) and a lifetime high is 18$ . So long for next 5 years with my almost free stocks :).
Looking forward to 5$ to 10$ in next 5 years