Risk factor
Very high price volatility
Profitability factor
Greatly undervalued vs peers
About
Rey Resources Limited engages in exploring for and developing energy resources in Western Australia. The company holds a 100% interest in the Derby Block EP487; and a 20% interest in the Canning Basin petroleum permits EP457 and EP458 (Fitzroy Blocks). It also holds a 100% interest in the Lennard Shelf Blocks, which comprises a petroleum exploration license EP104, a retention license R1, and one production license L15 in the Canning Basin. In addition, the company holds 100% interests in the Duchess Paradise Coal Project located in the Canning Basin. Further, it holds 20% interest in 7 conventional gas production licenses in Surat Gas Project located in Surat Basin, Queensland. The company was incorporated in 2004 and is based in Sydney, Australia.
Company Valuation
From both historical and forecast perspectives, the stock is considerably underpriced compared to similar stocks.