RE:RE:Valuation Good evening 2j,
I agree entirely, ArPetrol is grossly undervalued. Last quarter cashflow was 2.2 million dollars with a net of about 1.4 million dollars which is a net 5.6 million annually. Based on about 22 million shares that's a cashflow per share of $0.25/share. Presently ArPetrol effectively a utility company processing 3rd party gas. As such a fair value today would be 12X earnings which is today, before taking into account any of their oil and gas assets, which are substantial, would be $3.05/share. Today!! :)
Once ArPetrol announces it's plans this thing is a rocket! IMHO .. Should be fun ride.
Doc.