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Low PE of below 4X, High NTA of 3.77, High Return on Equity of 16%, Qtrly Div, and yet Hardly moves !! Perplexed by what is ailing this share for it to go down so low !!! Crude Oil price of USD 87/ boe way above
Productn Cost !! Can anyone throw some light ?
EBH.. Investors are worried about unpredicted fluctuation of oil price... It can go down 10 -12% within a short while. Annual sales in 2023 was 2.3bil. imagine of 10% drop in average oil price means profit shortfall of 230mil. Recent oil price of 86~87 is a jolly good sign should give a positive impact on its share price!!