RE: EOG Timeline & Stock Price Prediction Wisee, this statement is out of whack "If Chariot hits, EOG will move to the $2.50 range (still very cheap)."
At $2.50, EOG is only valued a $150 market cap (60 million shares and 69 million fully diluted) with 6.3 billion prospective resources and Chariot hitting near by? That valuation simply won't make sense if Chariot hits, I think you need to at least see a $300 million market value if Chariot hits which means EOG stock should be at $5. Then add the lift it might have gotten from GUY before Chariot results and you are looking at a stock price well over $5 if Chariot hits and we include the value added for GUY.
Chariot hits will bring a ton of attention offshore and considering UNX Energy got $730 for blocks in Orange basin (more gas prone in IMO) could you imagine what EOG would get for their Walvis blocks? So a hit by Chariot could have a bigger impact on EOG than what we currently think.