RE:RE:RE:RE:Valuation TOU vs. ARC"If they reported their number the same way as TOU the stock would be 3 dollars higher."
No, valuation is based on cash flows, not earnings, and that is comparable.
"and all those reserves are meaningless, and of little value."
Ridiculous. Reserves are of great value - not little value. Look at the NPV of reserves. Too much "pot" and not enough honey in your thinking.
"Gas prices are less than half what they were last quarter and in my opinion TOU is hurting."
Sales to Japan and California will give TOU a significant premium over Henry Hub
and over ARC realized prices.