Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Northcote Energy (NCT) looks undervalued when compared to its peers with similar operations in the US. It has been rapidly expanding its onshore oil and gas operations, announcing further acquisitions even since the last set of interims up to June 2013 showed a 500% increase in its acreage.
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