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the booking of Atlas will increase the attractiveness of the...

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tt2000

2,345 Posts.

539

25/07/18

21:18

Post #: 34564126
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Originally posted by tt2000 ↑

I respectfully beg to differ.

We have heard no news on the WSGP well since the around 2.4TJ/day in the April quarterly. For me the current share price is heavily risking WSGP as the market does not like uncertainty.

So any neutral news on WSGP should see the share price on its way. In addition, reserve updates should be due - the booking of Atlas will increase the EV/2P multiple (even more). Then any news on financing and especially the FY19 capex guidance will be welcomed.

Again, as long as the above is neutral I think we will see a rise, but on anything positive I think we will see a decent move.

Unfortunately no one is a crystal ball, but the above is how I hope it pans out in the next few days and why I increased my long exposure further.

They surely must have achieved something in the last 9 months...

Only time will tell

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the booking of Atlas will increase the *attractiveness of the* EV/2P multiple (even more)

SXY Price at posting: 40.0¢ Sentiment: Buy Disclosure: Held
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