GREY:SDRYF - Post by User
Comment by
Whitehellon Aug 25, 2013 4:12pm
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Post# 21696331
RE:RE:RE:Revenue from Egypt
RE:RE:RE:Revenue from EgyptYeah, i think both SP are getting pressure from the political situation. If you look at TGL's share price, I think most of the drop in the last few month is due to macro economics and has not much to do with operational efficiency... I think once the conflict is resolve (who knows when....) both of those company will get a great bounce.
If you look at the metrics of both company, the "Risk" discount is really important when you look how it hasn't really affect much their operation. Indeed, the delay for permits (which was already long...) is more important and they seems to have a little bit difficulty getting their A/R from the Egypt Gouv... but it's not a new things, even with stability, A/R were long to collect....
We're trading at Nav1P AT discount at 10 % (511 MM$) at the moment, we wont stay there long once the conflict is resolve... my opinion is back in the 10's once it happen... the only problem is when...
white