Post by
masfortuna on Nov 02, 2023 8:28am
Umm...
Not sure if you know how oil works BUT it's cyclical in nature. So what it should be worth today based on what it was worth 7 yeras ago is not going to match up.
-Activist investor FrontFour Capital Group is urging Obsidian Energy to explore a sale, arguing the company could fetch twice as much as its current share price, according to a person familiar with the matter.
Also that's a fund who decided on that number and notice the word could in the paragraph?
Finally if this was worth $20 in 2017 and had maintained it's worth, then why did it trade as low as .70 per share post split or .07 presplit? By your logic the company's value is static and only Loukas is to blame right?
Anyhow I think you are wasting my time here since you obviously don't know what you are talking about.
Comment by
masfortuna on Nov 02, 2023 1:11pm
i would show you some metrics about how to value the potential growth of an oil company but i ddon't think you are interested. You keep posting 7 year old articles and see where that gets you. You knw what they say, "You can't win an arguement with a stupid person".
Comment by
Hightowntrader on Nov 02, 2023 2:51pm
New fodder for my ignore list...When I find the time...
Comment by
lnggasfor202324 on Nov 02, 2023 4:39pm
I don't think hell ever get it.