RE:RE:RE:RE:RE:RE:RE:RE:RE:Regardless of What The Share Value Is UpTherefore a reasonable valuation under these circumstances would be 60x earnings or $30 per share plus. But could go to $50 per share.
But also assumes
- at least $500 million in projects.
- Profits of $100 million.
- World price of oil at $150 per barrel.
- Non oil sands industries coming on line.
Of course if there were $1 billion in project revenue this company could should up to between $50 and $100 per share.