GREY:ROAOF - Post by User
Comment by
dhparon Jul 05, 2007 10:37am
607 Views
Post# 13040179
RE: dhpar
RE: dhpargood40 said:
Don't know about you, but you can't spend the money you don't have, so why apply multiples to it?
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because that's how the market prices oil (in fact all) companies. If you don't like CF multiples then you can think about "company multiples" and say for instance that OIL's value should be about the same in terms of expected cash flow as of other's similar companies, i.e. multiple equal to 1. Currently OIL is likely <1 on average - of course depends what you pick. You do NOT need to be bullish on OIL story to buy it - it is enough that you like OIL more than something similar which you can short against it (pick whatever you want (NKO/RAL/AEN/YOURPICK/etc.)
Anyway you know all that and just rumble, rumble, rumble.... You made me tired already. bye
p.s. what I meant by "I don't believe until I see it" was pretty clear. Simply I do not attribute almost (sic!) any value to OIL based on this article because I am cynical about how taxing works. Lower taxes - yeah...