RE:RE:RE:RE:It's crazyZeg Oil & Gas Ltd owns abt 500m shares which leaves 80m shares for the rest which is well enough for healthy trading. I prefer for a junior oil & gas player like Forza to have one strong local owner with focus to increase production with an efficient operation. No time for any PR / marketing.
Forza unfortunately
is flying under the radar and not known by many investors hence why we are trading at CAD 0.20 - Mkt cap USD 95 m when the company is capturing a net profit of more than $500k for every pricing day. Q1 had an average Brent of $99 and so far Q2 is at $115 . Add that production should be up another 15-20% in Q2 means the profit should almost double from Q1 and with latest est. for future oil prices should put full year profit between $150-$200m. The market is always right and at some point soon FORZ will trade closer to fair value. Todays manipulated pricing is ridiculous...