Makattack,
As a long term holder who was often frustrated by the lack of love shown to this stock, its great to see.
For many years its mainly been retail holders trading this stock. Recently its clearly insto buying with sub holder statements, high volumes, and obvious bot activity vacuuming up every last share. The company has been making good progress and is now meeting the criteria of instos who need certain boxes ticked before they will invest:
- MC $100+ Million
- Production 1000+ BOEPD
- 1P Reserves
- Q on Q gains in production and revenue
- Profitable repeatable business model
- Above average returns (high IRR), low cost producer (down side protection if oil price falls)
- Stable, open, trustworthy management
I'd estimate mid thirties by year end based on fundamentals (just getting the current wells into production).
Good luck
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