OEL - (Otto) Multi based, Gambling Stock.

Did a search an could not find it so new post, if there is one please edify me.
Looks great value and I indulged, just bought 50,000 of them.

FINALLY
Quote from RM Capital’s research note
“Otto is currently trading at an 84% discount to our base case valuation
of A$1.75 per share..... We consider Otto represents a compelling near
term investment”
Thank you.

Please visit us at our booth at the conference or website at

www.ottoenergy.com

for more information.

Some time ago I saw a valuation of round 70 cents, but weather it's 70 or 1.70 don't really matter, as in either case it is still seriously undervalued.
Disc: I hold

The market is still waiting to see if they get the Argentine Leases.

The company seems to be all business but lots of patience required.

Cheers

[quote=kura;167162 as in either case it is still seriously undervalued.
Disc: I hold[/quote

Clear as mud [I]-"The market is still waiting to see if they get the Argentine Leases.[/i]
The company seems to be all business but lots of patience required."

Absolutely patience is required and yes it is also extremely undervalued.
The management profile looks outstanding and if anyone knows it, Peter Strachan does.

[QUOTE=tricha;167208]

Quote:

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Originally Posted by kura;167162 as in either case it is still seriously undervalued.
Disc: I hold[/quote

Clear as mud [I

-"The market is still waiting to see if they get the Argentine Leases.[/i]
The company seems to be all business but lots of patience required."

Absolutely patience is required and yes it is also extremely undervalued.
The management profile looks outstanding and if anyone knows it, Peter Strachan does.

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This is my first post have held these oel for eight months sold two thirds and hold same now 50000, also hold shg,esg,mpo,ady, got the bully from my brotherinlaw who's in the business in perth. Your onto it--argentina!!!!

[quote=ronthepom;167225]

Quote:

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Originally Posted by tricha

This is my first post have held these oel for eight months sold two thirds and hold same now 50000, also hold shg,esg,mpo,ady, got the bully from my brotherinlaw who's in the business in perth. Your onto it--argentina!!!!

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Have jumped in today, while all the stocks are taking a knock, interesting share esp, recently developments in Turkey & Argentina.

Hmmmm Trading Halt....

Argentinian lease now resolved perhaps so we can drill that monster permit?

I think this baby is going to party, heres hoping roll on friday.

Quote:

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Originally Posted by ronthepom

I think this baby is going to party, heres hoping roll on friday.

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Hi Ron

After having a bit more of a delve into OEL, they have plenty of cash & IPM arent in a TH (there main JV partner), so im picking it must be very good news.

Some rumours flying about on other forums that NDO & AWE may want OEL, but im not so sure.

I see we are due the results anytime from SC55 in the Phillipines - and it looks to be a big gas prospect.

A few Aussie ASX listed companies have permits over there, & OEL would compliment most of them, with there Phillipines, as well as Turkey, Argentina & Australian permits.

Im hoping the SC55 results show we have a monster & that the Directors put up the NOT 4 SALE sign...

Tomorrow should be a BIG day :eek::D

Hi Shasta yes i believe its looking good, agree with your comments, bought another 50k after i made that 1st post a couple days ago also another 50k-mpo today @19.5, pondering your ura ?


holding-shg-esg-mpo-ady-oel-lmp-pre
nzx--aia-nzo prc----