TSXV:RHT.H - Post by User
Post by
1rockiton Jan 28, 2022 2:21pm
187 Views
Post# 34372491
$$ ;
$$ ;I know this is cross talk but you may want to take a look at ITE . They bought 20 thous flowing barrels of oil when oil crashed 2 years ago when Covid stopped everyone from driving. They've also got a North Sea discovery which they figure at over 200 million barrels of oil. They've drilled 3 holes in it already , so they've got a pretty good idea of what they've got.. When they bought this flowing oil they bought it when oil was trading at $20.00 a barrel.. Oil is now trading at almost a $100.00 dallars a barrel. Its paying a 10% dividend.. The amount of cash flow is astronomical.. Put it this way , what they are making off the oil they could pay for their acquisition in 1.5 years !! Is that not amazing.. Cheers, just thought I'd put it out there .