RE:RE:RE:RE:Target price on success: $ 24/share to $ 5,760/share
No problem dude. Stockhouse isn't the most intuitive platform I think the guy above got confused. I tend to ignore the kids on the forums who are a bit sensitive in their response. My analysis was based off conservative oilfield economics and assumptions of a heavy oil with low recovery, high lifting costs, and Canadian distribution expenses. It should be noted I used the most conservative of numbers but also didn't factor in the costs of scaling up operations. That would likely be done with the support of a farmed in major and therefore we cannot speculate beyond that point without understanding the details of the agreement. But yeah, 8 billion dollars is a reasonable market cap if they find a modest reservoir.