Sintana Energy Inc V.SEI

Nothing New

[capconstrained]

This is just the latest installment of SEI being unbelievably cheap relative to its fundamentals.  Imo PEL 83 is worth USD$1.50 to SEI. [12 billion OOIP, 30% recoverable, $3.50 per barrel of recoverable].  So the market is pricing the rest of the PELs as being worthless and SEI will only get 50 cents on the $ for PEL 83.

The poor volume indicates to me that institutional interest is still minimal.It is what it is.

[barolo19]

Yeah, nothing concrete in the near future! q4 drilling ,still a curve ball could come out of nowhere in regards to farm ins and at what price. Gotta be in it to win it. glta (accumulation/consolidation phase)