Street Smart Investor
Long-term horizon, energy, natural resources, micro-cap

Wentworth Resource: Excellent East African Oil & Gas Play With 80% Upside Potential

(Authors Note: Wentworth Resources trades on the Oslo stock exchange, symbol WRL.OL with an average daily turnover of NOK 1,032 Thousand)

(Editors' Note: This article covers a stock trading at less than $1 per share and/or with less than a $100 million market cap. Please be aware of the risks associated with these stocks.)

Investment Thesis

Wentworth Resources (AMGRF) is emerging to be one of the most exciting plays in the Eastern African oil & gas industry. This article initiates coverage on Wentworth with a potential upside of 80% over the next 18 months. The factors discussed for supporting the upside potential include the valuation of the company's fields based on asset valuation from recent transactions in the region, the...

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