REX INTERNATIONAL . Worth a buy now ?

28 Mar 2022 21:25 #25963 by Val
So long already, now revisit REX at 35 cents. More than 100% rise since the last post 2 years ago.

I'd like to share an investor's view:
"Based on earnings at 80USD average WTI oil price last year, this stock should be around 70-80c based on PE of just 10-12. This quarter i believe earnings will even be more since oil price has been conssitently above 100 for a month plus now and likely to stay there or even go higher. So long as no bad things happen in their main oman well and secondary one in netherlands,they should be able to do 10k BPD a day with 70 profit per barrel. thats 700k profit a day!!"

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