Pinnacle Activity Ticker
To all investors, maybe you'd like this on your radar.
This company has oil operations based in Nigeria. Although it may be situated in a politically risky zone, the company is trading at forward PE ratio of 2. Quarterly report coming up next week and may come with surprises.
-Company trading at $350 million yet earning $15 million in after-tax income per month
-Oil sold on exchange premium to Brent Crude
-Since well UMU-9 was drilled in January and discovered 450 feet of hydrocarbon, the market cap hasn't changed. Company currently producing 10k+ bopd yet this new discovery has flow tests of 11k.
-Pipeline being built to triple current productions
This link was from early 2011 explaining about the potentials and values. http://www.gurufocus.com/news/135751/how-is-your-appetite-for-political-risk-part-two
The following link is a combination of more recent reports this year by Chen Lin. For those of you who don't know, his recommendation on Pan Orient has recently shot up 60%.
PLEASE NOTE THAT THERE ARE DANGERS IN NIGERIA AS PIPELINE BOMBINGS ARE FREQUENT AND COMMON. INVEST WITH CAUTION.
Please do you own research, I'm just a teen trying help out after all ;)
GOOD LUCK, DYOR