RE:RE:RE:RE:RE:RE:RE:1 Billion Dollar Production HubKensho
Good points, perhas I was getting a little carried away. I do think that the value of forward production is worth a lot more than $3 though given that much higher oil prices are all but inevitable in time. As you mention, the oil price at the time of the bid will be important. If the price of oil could do us a favour and break out above $55 and at least remain in the $60 to $70 range by first oil then perhaps we could realise over $4.
$3 would be decent and it will be what it will be but I can't help thinking that if we sell for $3 by the end of this year we will look back a year later and feel that we were short changed.
I suppose if the debate is around the bagging multiples that we hope to realise then this does suggest that we are all in the right stock I think.
Doug