Post by
thetruth54 on Sep 05, 2023 9:36am
Wti is now $87 and OBE is $7.40 US Ridiculous Valuation
As I am writing WTI is $87 and OBE is $7.40. With all the buyback talk and constant investor happy talk about its potential that I have endured now for years on these websites the valuation is still barely above $1.00 US pre split. I am sorry but Loukas has to take onwnership at some point for this failure. Who needs to invest in OBE if it is not even moving in the same proportion as the underlying commodity. Where is the value that Loukas is supposed to be exposing as written about ad nauseam on this and other investor sites? Do we have to have $500 a barrel oil for OBE to realize it's tru value?
Comment by
Franman184 on Sep 05, 2023 9:52am
I dont disagree with your frustration. The next two quaters will determine how long I stick around with what I believe is a great opportunity. But at some point a larger or medium fish will swallow this up if the share price does not reflect its potential as they will acguire for less than book value and we could still see a double in share price from the current.