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MAHA ENERGY ABMAHA ENERGY ABMAHA ENERGY AB

MAHA ENERGY AB

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MAHA_A trade ideas

Maha Energy AB - bullish viewOMXSTO:MAHA_A Maha Energy AB is an undervalued Swedish oil stock with production in Brazil. Extremely good netback in excess of $ 40 per. barrel. The company has suffered from being downgraded in 2019 because a separator gauge for measuring the gas to be assured was incorrect and a new one had to be obtained from abroad and verified by authorities, which caused production to decline at the end of 2019 when they no longer had to flare the gas and handling the gas was not possible due to this gas meter. The company now guides with approx. 100% more oil for 2020 than they ended 2019 with. When the company does this the price should be above ATH. RSI is in a rising trend and the corresponding price is bottoming. RSI, trend and volume indicate that we will move up to price 23-25 in the coming time and can the company deliver the goods in the form of the guided oil volume we must towards ATH.
OMXSTO:MAHA_ALong
by Miniforvalter