RE:RE:Chen Lin
Even $8 a share would be a good 5 bagger from here and I'd be damn happy with that.
I'm more of a mining guy, not oil and gas, but I assume his basic math was the high prospective resources of 415 million barrels net to POE @ $10 I think he used ( I honestly have no idea what their netbacks would be, but its my understanding that it is fairly shallow so I assume lower cost, also depends largely on price of oil obvisouy.... again. I'm more of a mining guy. So we have $4.15 billion / 55 million shares O/S (not sure if they have any options or warrants) gives us $75/ share plus their cash any other properties will add a bit too.
Best case scenarios are fantastic to dream about. I'm not expecting best case but given their best prospective resources of 73 million barrels has around a 20% chance of success to hit, if you're a gambling man those are good odds for a 10 bagger. If they can get the story out is another matter...