$RH PetroGas (T13.SG)$$Rex Intl (5WH.SG)$$Dyna-Mac (NO4.SG)$...
SG oil stocks have not really followed Brent crude upwards. They look cheap compared to US oil stocks.
UOBKH has issued a positive but unrated report on RH Petrogas.
RHP is an inexpensive upstream oil company with drilling catalysts in 2023.
It is an Indonesia-focused oil & gas company with 2 assets in West Papua. In the last 5 years, RHP has performed well operationally, with growth in its oil production, and good cost control. Importantly, the company has grown its reserves over the 2017-22 period without any acquisitions. With nearly 91% oil production, RHP is very leveraged to oil prices. The company currently trades on an EV/boe of USD1.88/boe and 2022 ex-cash PE of 2.6x.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
Moo Contributor
Follow me to get useful analysis, learn TA and make profitable trades.
Maximise profit 利润最大化
6773Followers
59Following
24KVisitors
Follow