RE: RE: RE: RE: RE: What will it take?Sorry yes Market Cap is the 100 Mil. again correct me if I am wrong? I am not an accountant in any way but the way I was looking at this company currently or from the 2010 year end was their total assets - total liabilities divided into the outstanding shares. Should give some formulation of the net asset value per share. I've been investing for a little while but only taking tips from investing from my accountant. Know I am trying to understand the financials around the company and SP for whether or not it is a good price to buy. Am I on the right track in thinking this about the NAV for EE?
I agree the market has reacted negatively to decreased production? But how much more? I've seen the Charts on pg 18 of their investor presentation that talk about the NAV @or with 10% discount but that was also for June 2010. Also a lot on there presentation was based on an 80$/bbl.
I could be way off here I'm still trying to make heads and tails of financials/ business and the markets.
Any idea how long until we see the board approve EE application? or how long it has taken other times? We talking weeks, months or longer until we see taps turned back on? Not sure how long these processes usually take.
FF
Cheers