RE:RE:800m Apples to Apples comparisonWee seems to be a really solid company too! There was petroteq as well which has reported being extremely affective but in both circumstances they never had the backing of any of the major oil and gas providers from what I can tell this one did and does which is beginning to speak volumes when differentiating the techs and the resulting share value. Wee is very tightly held you can see it in the number of trades and the share value has stayed fairly strong in the mid to high .30's which is pretty good and an excellent entry point. The issue with Wee and petroteq is that they don't have the solid backing of the North American giants and people don't know who others are even if they do a search on them not to mention petroteq is facing a hostile takeover proposition which far devalues what the price should be despite the near 600 million outstanding shares--buyout offer of .74!!!! I think a 5 to 10 billion is not asking too much so if that is the case at 600 million shares roughly $10 per share is not unreasonable to $16 plus a bit.
This company has a little over 100 million so if the share count stays low $50-$100 is reasonable as far as I am concerned same with wee but I am just giving what I think is fair from the top of my head. Some may say only 1-3 billion in which case if you adjust the calculations on 100 million shares $10 to $30 but there will be significant cost savings so I don't think $5 to $10 billion is unreasonable at all.
Anyway it is interesting to see where things are and who the successful testing companies seem to be it will all come down to what is the tech worth as well as the amounts of shares to consider a buyout offer from both the oil and gas company that looks to have it and management who will look to see if the offer is good for them or not.
In any case, under a buck for this or wee is a really good price the more depends a lot on who is involved as is proving to be the case as I said neither wee nor petroteq got the heavy hitters involved at the testing phase (or if yes possibly for petroteq they are not being fair) by the looks of it if they had and those parties were fair say in petroteq's case there would not be a .74 hostile take over bid--should not be less than $10 on a $5 to $10 billion valuation on a $1 to $3 billion $1.60 roughly low to $4.80 high. Just how much is the tech worth in the whole scheme of things I will keep my price at $5 to $10 billion i think that is quite fair. The companies will recover that fairly fast and we are talking about years down the line in cost savings.