OIP 0.00% 4.3¢ orion petroleum limited

Hardmano,I agree it is difficult to be precise about the upside...

  1. 3,666 Posts.
    Hardmano,

    I agree it is difficult to be precise about the upside value of OIP - too many unknowns.

    However, we can more accurately assess the limited downside - OIP is trading not far above its cash position. So the EV is tiny; the value of the assets considerably higher, even on very conservative assumptions.

    In terms of risk/reward then, the skew is clearly to the upside.

    Y
 
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