Would you be a buyer of Sundance at .88 AUD?
Thanks Bob -
So it seems like Sundance has good upside bases on:
- The Cash and credit line to grow through the drill bit with high WI%
- Good management with a good track record of selecting acreage.
- Lots of upside in drilling rights and provable reserves. (Both current and after the merger)
- Current profitability and production
- Good volume and liquidity on the ASX
The downside risks are:
- Another bid comes in for Texon
- The EFS land does not prove out (Although the first two look great)
- Management fails to execute.
If you had investment cash would you buy more Sundance at these prices? Versus MART? Or purchase something else?
Thoughts?
Thanks,
Best Regards,
Jeff
"Greed clarifies, cuts through, and captures the essence of the evolutionary spirit. " -- Gordon Gekko/