Latest Research

Otto Energy (OEL) - Initiation Of Research - Pumping Out The Cash In The Gulf Of Mexico

Otto Energy Logo

 

Otto Energy (OEL) has a producing conventional oil field and two exploration prospects in the Gulf of Mexico as well as an upcoming exploration well one mile from the Armstrong/Repsol discovery on the North Slope in Alaska. We believe OEL is undervalued in that it is trading at circa 3x operating cash flow before any reinvestment into new projects. OEL offers an attractive combination of newly commissioned production and confirmed drill ready exploration prospects. OEL plans to use its forecast substantial free cash flow from operations to invest in new projects to replace produced reserves and potentially materially uplift production and reserves. We initiate coverage on Otto Energy (OEL) with a BUY recommendation and a price target of $0.10.

To access our review of Otto Energy please log in under the Client Area Log In at the bottom of this page.

Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.

If you would like to access our research please contact us to create an account.

Perth:
This email address is being protected from spambots. You need JavaScript enabled to view it.
+61 8 9224 6888

Hong Kong:
This email address is being protected from spambots. You need JavaScript enabled to view it.

+852 3557 4888 

 



Google+