RE:RE:RE:RE:Why isn't this tracking Oil prices?doggiestyle wrote: So much for what learned in business school that a stocks value is based on the "discounted value of future cash flows? If this were true BTE would be trading in the mid teens.
Yeah , it sticks in your throat when you think tech stocks get valued at 20X future SALES where as the O&G sector gets valued at 3X free cash flow . The media and government have demonized the sector so much that ownership support has been eroded to a fraction of what it should be