Friday, January 6, 2017

Cub Energy completes definitive breakout, going much higher in 2017


The Cub Energy share price, the Ukrainian natural gas producer, has broken out to the upside. The company has published a new investor presentation. In the presentation the company indicated that it could be drilling several new wells in 2017.

The company is also benefiting from the 35% ownership in the Kub-Gas partnership it is in with Burisma Group. 

Burisma Group has been rapidly increasing production of natural gas in Ukraine. The company has increased production by a 63% annual compounded rate between 2010-2015.

The partnership with Burisma along with Cubs own efforts in 2017 lead me to expect a significant re-raating of the stock in 2017.

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