BUY
by
PasajerodelToro
on
20 May 2020 08:06
Price at rating: , now: 
Potential yield of 15% for dividend. Debt is being clear via asset sale, so less ongoing expenses. Oil prices are rising with brent rising from $20 to $35 now. $40 expected in 1yr time according to futures contracts, but it could easily rise to above $50 quite quickly as lockdowns end & demand rises for international shipping. The operating costs are only $10/bbl which is $30 cheaper than WTI costs. Book price is 50p, share price is 25p. Undervalued & oversold.