Post by
bosstrade on Sep 21, 2021 2:02am
COP pays 9.5 billion for 200k barrels from Shell
ATH is 400 mill for 34,000. COP buys 200,000 bpd divided by ATH 34,000 bpd is 5.8. Round to 5 for easy calculation. Round 9.5 billion to 10 billion. 10 billion divided by 5 is 2 billion for 34,000 bpd.
Divided that by 2 because Canadian oil and equals 1 billion. Divide that by 2 because of Canadian oil again and it equals 500 million. Shows how ridiculously cheap ATH is when pipelines come into play.
Comment by
x-x-x on Sep 21, 2021 2:48am
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Comment by
lovehockey on Sep 21, 2021 10:51am
Easy math. $9.5 billion for 200k bpd is $47500 per flowing bpd. Multiply by 34000 bpd it is $1.6 billion. Take lets say $400 million of debt out of equation it makes it $1.2 billion in USD or $1.55 billion in CAD. That is about $2.9 CAD per share.