Apr. 3 at 7:12 PM
$BATL Interesting… I hadn’t sat down and done the numbers on
$BATL in a while. Even with the touch of dilution recently, they have paid down their debt substantially, sold off their less desirable acreage, bought adjoining acreage instead, and have been pumping over
$20 million worth of oil a month with their increased yields since the New Year. Their NAV puts them at
$30 per share with current oil rates, but comparative value to similar stocks is
$15-20. Right now, they are trading at a massive undervaluation at
$4 and change. I’ll crunch numbers on
$TPET $INDO $EONR as well.
$RBNE we already know is north of
$3 in light of the tender. Any requests for DD on a particular oiler? Looking for extreme under valuations here.