RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE: big guys are looking to the MontneyJD, what’s your oil price assumption? Seems to me that the prognosticators of future oil prices rarely get it right. I am of the view that $80 a barrel is entirely possible in the next 12 months.Seems to me a 25% increase in the price of the underlying commodity would also result in a higher valuation for BBI.
Ruud, I agree with your scale concept, my $1.25 - $1.50 assumes a Q1 of 2019 sale, obviously to your point as each quarter unfolds the value should increase.
lastly, there are people that always overpay first things at the top of cycles. I sold my house in a Toronto suburb last April for probably somewhere in the neighbourhood of $125,000 more than what that same house would sell for today.