WEL 0.00% 0.3¢ winchester energy ltd

I think you got a bargain at these prices, as I understand it...

  1. 1,719 Posts.
    lightbulb Created with Sketch. 2029
    I think you got a bargain at these prices, as I understand it WEL are getting their oil out of the ground for less than US$10/bbol

    The chart below is compelling, the red line traces out the qtrly revenue, the green bars show WEL daily oil production, the chart looks pretty good to me. Screen Shot 2020-01-30 at 2.33.57 pm.png The thing is, the SP is also all about profitability, WEL are heading in the right direction, but they need to make more money (produce more oil) to become profitable. See the numbers below:

    Screen Shot 2020-01-30 at 2.40.25 pm.png
    1.1 Receipts from customers 767,000
    1.2 Covers costs (add a,b, c, d, e) total 1,674,00
    The numbers tell the story, WEL is not yet profitable, but clearly heading in the right direction.

    If WEL continue on the current trend they will become profitable this qtr or the June qtr, which IMO should see a major re-rate of SP. They have just finished a very solid qtr of growth:
    Screen Shot 2020-01-30 at 2.48.52 pm.png
 
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Buyers (Bids)

No. Vol. Price($)
1 2500000 0.2¢
 

Sellers (Offers)

Price($) Vol. No.
0.3¢ 2907831 4
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Last trade - 20.06pm 29/03/2024 (20 minute delay) ?
WEL (ASX) Chart
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