Opinions
Michael Smedley
Orca Exploration Group (B)
ORC.B-X
BUY
Sep 10, 2007
Very impressive management. Have an integrated offshore gas discovery on the east coast of Africa. Have announced they're going back to offshore west Africa. Should continue to be a great player in the market.
$12.050
Stock price when the opinion was issued
oil
gas
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
You might be interested:
RISKY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research
The stock is VERY cheap and management has been in the business a long time, with some good successes at prior companies. However, the company is quite small ($65M) and its operations have more risk than Canadian producers, which are also very cheap. The balance sheet is fine, but with only two analysts it tends to get ignored in the market. With risk high we think larger, domestic names offer a better risk/reward set up.
Unlock Premium - Try 5i Free
oil
gas