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. 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:
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:
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I think you got a bargain at these prices, as I understand it...
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Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.061M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2500000 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 2907831 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2500000 | 0.002 |
14 | 30070551 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 2907831 | 4 |
0.004 | 1700000 | 2 |
0.005 | 1123700 | 2 |
0.006 | 15702 | 1 |
0.007 | 730117 | 1 |
Last trade - 20.06pm 29/03/2024 (20 minute delay) ? |
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