Disclosure: I own shares in one or more of the stocks mentioned. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Trinidad and Tobago focused oil companies are popular with private investors, but it looks like many are missing the value in one of those. Trinity Exploration and Production (TRIN) looks very undervalued when compared to its peers, with a market cap currently around £55 million.
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Comments
wildrides
Currently my pick would be LGO
wildrides
come on Gary ……….see the light .
LGO is a 5 bagger this year already and about to drill another four wells in the same field as its latest successes . First hole is drilling away already ( see todays RNS ) Surely LGO is a good sound investment ?
Gary Newman
Wildrides,
Depends if you’re going purely on the hype and think the market cap of over £150 million is justified on current production and if those rises can be sustained over the 20 well programme. TRIN at close to 4000boepd looks attractive to me, and even more so since the RNS today saying no reason for the drop as my only real concern was an impending equity issue at a discount causing the drop we’ve seen lately. At a market cap of just £55 million i see it as good value and could be very big in the future, especially with the gas licences just acquired, although those will cost a lot to develop. LGO was one that i suggested buying on the pullbacks to 3p and below a while back.