Added to YB: 2024-02-26
Pitch date: 2024-02-23
AST.L [bullish]
Ascent Resources Plc
-85.09%
current return
Author Info
No bio for this author
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Company Info
Ascent Resources Plc, together with its subsidiaries, operates as an independent oil and gas exploration and production company in Slovenia and the United Kingdom.
Market Cap
N/A
Pitch Price
GBP 0.03
Price Target
0.06 (+1144%)
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Show full summary:
An undiscovered, inefficient special situation with 40x upside - $AST.L
AST.L: £6M mkt cap, suing Slovenia for €656.5M after fracking ban nullified €50M 10yr investment. Precedent suggests settlement likely. Contingency litigation funding secured. Also seeking $6M from JV partner. Thinly traded "call option" with significant upside potential.
Read full article (4 min)