Australian Shares Sparty's Blog
Comments on this blog should never be taken as investment advice
Posts on this website are general "tips" and nothing more than that and should never be used to make an investment or trading decision. All information should be carefully cross-checked against official sources for accuracy.
Main Forum•Central Petroleum - a strong BUY (A five bagger)
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Energy experts The Baker Group has given CTP a strong buy recommendation:
Snippet
Central Petroleum continues to trade below its indicated valuation. The announcement of significant oil flows to surface at its Surprise-1 Re-entry H well and contingent plans to bring a second well into production over the next six months, supports an increased target price per share of $0.32 and we continue to recommend CTP as a Strong Buy. Read full pdf download
Read earlier CTP posts
I hold CTP -
I can find few arguments to say that this company should not be worth much more than its 60 million capitalisation. Getting product to market will require road trains instead of pipelines but, with oil flows, it is probably still good. Top find Sparty. I do not yet own CTP but will soon
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I found one argument: Clive, the wrecking ball, Palmer has bought into the company. Watch the litigation happen and the people who are trying to "make" ... take their eye off the gas, shale and oil and defend themselves.
