Opinions
Eric Nuttall
Lycos Energy
LCX-X
PARTIAL BUY
Sep 29, 2023
N/A
Stock price when the opinion was issued
Energy
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Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
Bloomberg was not showing any quarterly estimates here. Revenue more than doubled to $35.6M. Per share cash flow nearly doubled, to 33c from 17c. Capex rose 79% to $21.2M. Production rose 60% and things are proceeding very well on the operational front. An active drilling program is planned for the second half of the year. The balance sheet is strong and solid growth is expected over the next two years. Things look fine here to us.
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New position for the fund.
Owns ~6% of company.
New "Fish Bone" drilling technique could be very profitable.
No dividends or buybacks, but exploration style company.
Could be very high returns.