Post by
Rockit2 on Nov 04, 2022 6:24pm
Windymayor ;
I agree with you on the fact that the brokerage houses won't touch this until the cheques start rolling in ! They buy on assessment of risk . Low , medium , high risk . A lot of them won't touch this because of the fact that it's in Turkey. I don't think it will reach the multiple of a low risk oil and gas company, say in Alberta. But they do deserve a decent multiple because of what they're going to make per mcf. We'll just have to see how it turns out. With no debt , some cash in the bank , the fact that there is really not much drilling risk , the fact that all the hardware ( pipelines ect ) is already there, and a seasoned management team. I say a 7-8 multiple vrs a 10 or 12 for North American oil and gas companies. Anyways, hopefully were almost done with the.40s .
Comment by
itwillgo1 on Nov 04, 2022 7:58pm
Nor will institutions touch the stock under a buck
Comment by
woolco on Nov 06, 2022 12:54pm
Agree....once over a buck it sky rockets as real institution can come in.