RE:RE:RE:RE:To value RECO use: $ 6/bbl of oil * how much oil????
Theran, I would love to see the $150-$250 you keep promoting. Trust me, all of us would. Your investment sounds noble, as it's not only to enrich yourself, but to help your family out. However, I am a realist and I'd hate to burst your bubble.
IMO we will never see the numbers you keep forecasting. With more drilling and time, this project will get de-risked. But herein lies the problem. At some point a major like Shell, BP, etc, will make a decision on the data Reco obtained. They will not wait for years to see the price of RECO appreciate to the levels you are suggesting. They will make a preemptive and decisive move. When RECO gets to a certain level eg. $20/Sh a major will make a friendly offer of $40 or maybe even $50/sh.....an amazing 100-150% premium.
Sure the RECO board will reject the offer as being too cheap. At that point the major will make a hostile offer, and force it to a vote. Since the shares are 95% owned by retail investors, all RECO can do is recommend that the investors reject the offer or try to find a competing higher one. But knowing the nature and psychology of investors, I can guarantee you that the majority of shareholders will be more than happy to take the offer with a 100%+ premium. In the end RECO's hands will be tied and all they can do is watch this slip away from them.
This is the reality my friend, and regardless what you think RECO is a small fish in this game. The big boys with deep pockets will rule the game because they will simply throw money at the investors / politicians / regulators / governments and even environmentalists. They will make it happen and win this, at any cost. If you think the shorts are crooked and relentless, wait till you have to deal with likes of Royal Dutch, Exon, Total, Chevron etc. When the time is right and they set their target on this, nothing and no one will get in the way. Mark my words.
teheran10 wrote:
I never ever said that 120 bln will be produced. I am estimating that 8-10 Bln will be. Even 4 bln will be great but I'm thinking this is just the lowest level. By the time it's all over, the technology will change so will extraction methods etc.
I'm betting at $150-$250. I have spoken to many experts too and most of them support my estimates.
whatever happens will be fine with me. I just need to make good profits for my family portfolio.
and that idiot Sprod can kiss my brown bum because my family is worth lots of money and that billion is close at hand if my estimates come true.