NT oiler undervalued: analyst

DESPITE a disappointing year in which it lost a major backer for its Australian leases, Everblu Research analyst Gavin Van Der Wath believes Empire Energy Group is a good investment bet thanks to its low-risk US assets and blue sky potential in the Northern Territory.

NT oiler undervalued: analyst NT oiler undervalued: analyst NT oiler undervalued: analyst NT oiler undervalued: analyst NT oiler undervalued: analyst
 
In a research note commissioned by Empire, Everblu set Empire a share price target of $0.04 per share, well above its recent trading level of $0.008.