US company that pumps and sells Brent oil in Africa
Trades at $2.65
Market Cap: $150M Cash: $40M No debt Revenues: $105M (runrate - annualized) Net Income: $32M (runrate - annualized)
Pumps 3,550 barrels per day (latest quarter)
Operational breakeven price for oil is $35/bbl...above is all potential profit.
This could easily double from here from valuation reasons alone.
Submitted August 11, 2018 at 02:46PM by rhinosaur101 https://ift.tt/2vZ3uJ1
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