RE:600 million in infrastructure
Once an O&G enters production, EPS now & in the future determines share price. The infrastructure costs 600 million but that does not make it worth 600 . We see the same in mining. A junior spends 400 million on CAPEX but is only worth 200 at production be abuse that is what the FCF & earnings say it should be worth. Trillion's infrastructure means they immediately go to revenue production. Cost does not equal value in this case for infrastructure.