Slightly off topic, but I wonder if OB might find it of interest to cast his evergreen eyes over another explorer, Chariot Oil and Gas?
Their shares have tanked today, my guess is due to the necessity for a further fund raise which management/House Brokers have been opaque about (to put it kindly).
The latest drilling results in Morocco have been estimated by Cavendish to be worth the company's entire mcap at current price. Alongside this, Chariot has numerous other projects including installation of a solar farm for OB pick Tharisa and of course their Anchois project all in, presumably, for free. House Brokers are estimating fair value for Char between 4x and 10x current sp.
My personal concern is with the trustworthiness of management. Just wondered if ths was in OB territory due to its combo of deep value, natgas and green energy
Thanks OB 🍺 Main concern with me is the management, apparent lack of skin in the game, not so strong CVs imo, can they operationalise existing projects, are they spread too widely/too thin, can they manage capital effectively. Appreciate any views you may have if of merit 👍
Slightly off topic, but I wonder if OB might find it of interest to cast his evergreen eyes over another explorer, Chariot Oil and Gas?
Their shares have tanked today, my guess is due to the necessity for a further fund raise which management/House Brokers have been opaque about (to put it kindly).
The latest drilling results in Morocco have been estimated by Cavendish to be worth the company's entire mcap at current price. Alongside this, Chariot has numerous other projects including installation of a solar farm for OB pick Tharisa and of course their Anchois project all in, presumably, for free. House Brokers are estimating fair value for Char between 4x and 10x current sp.
My personal concern is with the trustworthiness of management. Just wondered if ths was in OB territory due to its combo of deep value, natgas and green energy
Hi Nick, I think that's a great idea. It's now on my list.
Thanks OB 🍺 Main concern with me is the management, apparent lack of skin in the game, not so strong CVs imo, can they operationalise existing projects, are they spread too widely/too thin, can they manage capital effectively. Appreciate any views you may have if of merit 👍