Valuation Here's TD valuation - 4 bagger from current levels. Seems like this should be conservative especially with no value for tax losses, Libya etc.
Valuation
As our primary valuation method, we use a multiple range of 3.0x–3.5x our 2015 EBITDAS forecast, resulting
in our $0.10 target price. In parallel, we estimate that the remaining assets could reasonably fetch $0.10 per
share, net of debt repayment. This is inclusive of substantial discounts applied to the assets in Libya, in an
attempt to account for political and operational risks.