RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: RE: REDarcy,
I think u made a mistake when u take the valuation of 6$ per barrel in Kazak which the value paid by other company (takeover) or the value that analyst give. Those value are always a lot more than how the market value a company. After spending many years focusing on this sector this is my conclusion. The target price of analyst or what the company is ready to pay for a takeover is always a lot more than how the market value a stock.
After looking at kazak transaction yes company are bought at around 6$ per barrel for 2P. But after looking deeply at Kazak oil companies I find out the market never value more than 3$ per barrel for Kazak oil. Look at Max or many other Kazak companies.
This is a big difference. So ur 6$ per barrel 2p is right if a chinese is buying TPL. But once again this is just speculation (even if it can happen)
So u better off take 3$ per barrel for ur kazak oil otherwise u will have bad surprise on the valuation of TPL.
For Tajik I think the market is ready to pay 10$ a barrel for 2p. Tajik oil has a lot more value.
Anyway I will be buying TPL in few weeks
Good luck to all holders
Julien