The oil market has been brutal this year and with prices collapsing from $133 bbl to an all time low of just over $35 per bbl creating opportunity in oil companies that has never been seen before in our lifetime. Today I Would like to to recommend a little known stock traded on the Toronto Stock Exchange in Canada, the company is called Cordy oil field services(ckk). CKK is a small cap with over $100 million in annual revenue, $60 million in assets and just under $20 million in debt, but due to the recent collapse in the Canadian and world oil price the market value of cordy has completly collapsed to having a market cap of just $1.5 million dollars even though the assets minus liabilites of cordy would give you a valuation of 26 times that. ($40 million) Shares in cordy are very undervalued and I have set a price target on this stock of 26 times what it is current market cap is and when the oil price recovers and market improves cordy will be a terrific company to hold for the long term.
Strong balance sheet
lOTS OF ASSETS, PLANTS, EQUIPMENT, CASH, MACHINERY.
Great managment ; ceo is david mullen, ex-ceo and owner of $1.6 bilion dollar Mullen group limited (NYSE:MTL)
Disclosure: I am/we are long CKKFF.
Additional disclosure: Traded on the Toronto Venture Exchange (CKK)