RE:RE:RE:Forza Petroleum Q3 2022 - Expecting another record quarterMM, you are right even though still pingpong game between Bagdad and KRG -doesnt impact the day2day business but hope they soon can be intelligent enough to make peace and focus on the future instead.
Market is looking stellar, Big Oils q3 reporting are superb and it will be the same for small and mid cap coupled with a longer term view for the oilprice - our Kurdi producers should now be getting a better and corrected valuation.
Our freinds at Shamaran (SNM) is moving up (0.78 SEK) and is today valued almost three times FORZA which shows just how undervalued Forza is. Target for SNM is 1.00 sek and no reason why FORZ shouldnt be the same or even higher. We should be after Q3 results closer to 0.55 Cad than todays measly 0.19 and a market cap of $80m. Full year profits will be in the region of USD $110-120 and next year could be closer to $200m if the planned production increases happens with same oil price as today ($90-100).
Patience is a virtue....and 1.00 CAD will happen soon