GREY:TBTEF - Post by User
Comment by
bshort92on Jun 28, 2012 10:29pm
228 Views
Post# 20066868
RE: Wow
RE: Wow Wow is right. Petronas, the Maylaysian state oil and gas conglomerate just paid $5.5 billion for 46,000 boe/d primarily natural gas producer Progress Energy. Loosely translated: the Maylaysians are idiots. They paid over $100 k per flowing boe/d for an outfit that was worth maybe a third of what they paid. Talk about the greater fool theory.Take those metrics and the now 15,500 boe/d heavy oil producer TBE should be valued at over $8 a share. Yeah right and elephants have wings and fly.