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88 Energy
(ASX:88E, AIM:88E)


 

  Our Initial Entry
Price

Portfolio Initiation

5 Day VWAP
After Initiation

Current Price

Our Current Returns

ASX:88E
$0.005
$0.005
Jul 23 2020
$0.005
$0.008
    60%

ASX:88E
Our Current Returns
60%


Overview

What does 88E do?

88 Energy Ltd (ASX: 88E | OTC: EEENF) is an oil and gas exploration company focussed on a portfolio of assets in the North Slope of Alaska, USA.

What is the macro theme behind 88E?

The world is moving into a period of oil and gas scarcity following multiple years of underinvestment.

The demand shock caused by COVID-19 and the subsequent oil price falls lead to a destruction in activity on the supply side. With demand now recovering, the supply-side hasn't responded, which we think will lead to oil price pressures to the upside in the medium-term.