GREY:PSLRF - Post by User
Comment by
corvette67on Nov 20, 2012 5:05pm
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Post# 20623961
RE: 5 times earnings
RE: 5 times earnings Great eh! My guess is that next year they will produce 900,000 blls. If someone pays $1.00 for the stock, they get next years production for $60 bll and get the entire reserve and land position for debt assumption. $1.00 is a 40% premium ! 900,000 blls is approx 2500 day=achievable. Love it! Cheap, cheap cheap.