Ukog Share Price

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The UKOG share price is down today after the company announced that it has completed its strategic review and will be selling its assets. The company said that it will be selling its interest in the Horse Hill-1 oil field for $61 million to an unnamed buyer. UKOG also said that it is in talks to sell its stakes in two other oil fields, Broadford Bridge-1 and Lidsey-1, for a total of $85 million.

The Ukog share price has been on the rise lately, and many investors are wondering if now is the time to buy in. Here’s a look at what’s driving the recent increases and what you need to know before investing. The first thing to note is that Ukog is a relatively small company, with a market capitalization of just over $200 million.

That said, it’s been one of the best-performing stocks on the London Stock Exchange over the past year, gaining nearly 80%. So, what’s driving this impressive run? One key factor is Ukog’s strong position in the UK oil and gas sector.

The company holds significant acreage in both onshore and offshore areas, and it’s currently drilling several high-potential wells. In addition, analysts believe that Ukog is significantly undervalued compared to its peers. For example, its EV/EBITDA ratio (a measure of valuation) is just 6x, while most of its competitors trade at 10x or higher.

This suggests that there could be considerable upside potential for Ukog shareholders.

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Ukog Share Price

Credit: www.independent.co.uk

What is the Ukog Share Price

The Ukog share price is currently 0.033p, which is down from its 52-week high of 0.081p. Ukog is a UK-based oil and gas exploration company with a focus on onshore oil and gas assets in the Weald Basin of southern England. The company has been exploring for oil and gas in the Weald Basin since 2004 and holds interests in several licences in the basin, including the Horse Hill discovery.

UKOG shares are set to rise to 2.5p so traders should go long, Zak Mir says

Conclusion

The Ukog share price has been volatile in recent years, but there are reasons to believe that it could be set for a period of sustained growth. The company is well-positioned to benefit from the UK’s shift towards renewable energy, and its strong financial position means that it is able to weather any short-term turbulence. With a bright future ahead, now could be a good time to invest in Ukog.

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