GREY:CLLZF - Post by User
Post by
rpat458on Apr 07, 2010 9:55pm
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Post# 16968013
Valuation question
Valuation questionIf CLL produces 20,000 barrels day or 7,040,000 yr (not counting any down time) they would generate roughly $550,000,000 yrly revenue ( @ 78.00 barrel).
Would a potential buyer pay 2X sales??? This would be 1.1B, devided 427million share (not sure if they have more) would give us a share price of $2.57. Does this hold any water??? Not sure how you would value an oil company but I remain long right now, just not sure when to exit.
Comments would be appreciated...