OTCQB:PSHIF - Post by User
Post by
metzgfon Sep 15, 2004 12:01am
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Post# 7921630
Reserve Guesstimates
Reserve GuesstimatesI'm not interested in the reserve guesstimates since the actual reserves will be what they are. What I would like to know is what people think the estimated reserves will mean in terms of share price? This does have meaning because people will buy or sell shares depending upon how they place a value on the estimated reserves. As an example, if the estimated reserves turns out to be 5 million, would this make the stock worth $.50 or $1.00 or $1.50 or $2.00. I personally have no idea what kind of share price to place on an estimated reserve number. I would like to see some estimates from some of the people on this board who seem to be very knowledgeable on gas and oil stocks.