GREY:TBTEF - Post by User
Comment by
konzelmannon Jul 15, 2015 9:02am
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Post# 23925280
RE:RE:RE:RE:RE:Analysts Set Twin Butte Energy PT at $1.38 (TSE:TBE)
RE:RE:RE:RE:RE:Analysts Set Twin Butte Energy PT at $1.38 (TSE:TBE)
And, $50,000 /boe puts TBE at around $1.38 according to my napkin math. And historically, assets sell for far greater than that.. Again, the point of this is that even if we give TBE a really low and conservative valuation compared to any of its peers, to account for the fact that TBE isn't perfect, it's still more than a double. Usually conservative targets aren't doubles, but it is, because that's how undervalued TBE is because the market is crying about the sky falling.