Bullboard - Stock Discussion Forum NG Energy International Corp V.GASX

Alternate Symbol(s): GASXF | V.GASX.DB | V.GASX.WT.A

Energy Oil & Gas E&P

NG Energy International Corp. is a Canada-based natural gas exploration and production company. The Company is focused on the discovery, delineation and development of large-scale natural gas fields in developing countries, supporting energy transition and economic growth. Its asset portfolio consists of one appraisal and two exploration natural gas assets in Colombia. It has working interests... see more

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TSXV:GASX - Post Discussion

NG Energy International Corp > 2.50+ by end of year... Natural Gas on smoking...

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Post by Metal10 on Sep 09, 2021 10:14am

2.50+ by end of year... Natural Gas on smoking...

Many strong tailwinds here:

1) Natural Gas at 7 year high... and these fall months should push it higher as we approach Winter and inventories down.

2) NG's Maria Conchita will be in production shortly, which will bring the company lots of cash flow in the next year...

3) The big value driver here is Sinu-9 - Canacol is right beside GASX has booked natural gas 2P reserves of 637 Bcf and production of 172 MMcf/d... and has made a big discovery right near Sinu-9.... GASX is just awaiting a permit before drilling. To give some context, Canacol has a market cap of $600 million... we are at $130 million.

I think 2.50+ by year end is in reach...

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