Bass Strait oil hopeful, 3D Oil, received a generous write-up in The Australian newspaper today (see a copy at...
John Robertson
PortfolioDirect
Bass Strait oil hopeful, 3D Oil, received a generous write-up in The Australian newspaper today (see a copy at (VIEW LINK) article). After listing in 2007, 3D Oil is aiming for a production start in late 2014 or early 2015. Investor fatigue has taken its toll on the demand for 3D Oil shares, as it has on so many other companies. The sector now depends on some of these opportunities finally coming good, even if several years later than expected in many cases, to help rebuild interest. Delays sap value and share prices must fall if potential returns are to stay competitive. Paying $21 million for a half share with only 18 months to wait (the prospect for a buyer of 3D Oil today) is a much better deal than $40 million with an eight year wait for anyone at the time of the IPO.
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John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business strategist and investment market professional for over 30 years after starting his career as a Commonwealth Treasury economist in Canberra. Since being Australia's top-rated commodities analyst and chief economist at one of Australia' leading stockbroking firms, he has advised companies across the mining, consumer products, IT and biotech sectors on their equity market relations. He leads the firm's investment evaluation and security structuring activities on behalf of the Australian Small Scale Offerings Board (ASSOB), the world's first equity 'crowdfunding' investment platform. John Robertson discusses the interaction of mining and investment markets in his weekly 'From the Capital' column in Mining Journal.
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
John Robertson
PortfolioDirect
John Robertson is Chief Investment Strategist for PortfolioDirect a provider of resource sector investment stock ratings and portfolio strategies for mining and oil and gas investors. He has worked as a policy economist, corporate business...
Expertise
No areas of expertise
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