Eurocontrol Technics Ord EUCTF

It’s there for the taking ... Can EUO/GFI capitalize on it?

[kidl2]

Nigeria, the world’s 12^th largest oil producer and OPEC member, just inaugurated a new President who won largely based on his pro energy / anti corruption economic platform. One could now argue that election promises rarely translate into reality but in this case they will have to if Buhari wants to stay in power more than a few months. He can’t fulfill any of his election promises without injecting money into the economy. Money he doesn’t have but could have by (partially) plugging the energy corruption hole.
 
According to recent estimates Nigeria “loses” around 400,000 bpd (barrels of oil per day) which based on $60 Brent  translates to somewhere around US $24 Mil/day or $8.7 Bil/year in revenue losses which in turn translates to roughly $4 Bil/yr in lost government revenue based on the current tax/royalty regime.
 
Using Albania as an example, probably not a very good one since it’s a very limited retail fuel based program, Petromark improved Albania’s revenue number by 20% or around $100 Mil/yr. Based on last year’s financials, it looks like GFI’s take was around 0.7% of Albania’s revenue improvement.
 
So, just for the fun of it ... $4 Bil X 20% = $800 Mil X 0.7% = $28 Mil.
 
I know, pie in the sky. Just meant to help visualizing Petromark’s revenue potential ...

[fortfry]

Ya gotta wonder forward looking can EUO earn 10 cents per share and when the oil sector in the next bull run that starts maybe late next year at 20 times earnings be 2 bucks a share?