RE:RE:RE:RE:Why isn't this tracking Oil prices? exactly right. And at the same time the discount rate assumed is just plain wrong. The risk is continually underestimated and then overestimated... why you don't see a constant steady stock price. Which is why I think the best indicators are technical momentum signals (identifying the demand and supply of equities).
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.