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Ahhhhh, that's it!!! LOL
Brez
At .37 ratio that would make an ERHE share value $22ish therefore a market cap of $17ish Billion.
Can CVX afford that ?
Don't get me wrong, I believe in time, ERHE will be worth $22/share.
Brez
Oily, brother keep them coming!
Brez
.37 Ratio gives us
with CVX an Erhe price of 22.80
Addax an Erhe price of 9 ish
Sinopec an Erhe 17.6
Go USA is what I say!
Brez
EOD: n.
[IRC, Usenet] Abbreviation: End of Discussion. Used when the speaker believes he has stated his case
Or
End of Discussion .37 (ratio erhc:buyer), buy, out, ERHE
What do you guys think? If all of us say, yes, than it must be true!:)
Just as good as any other rumour!
Brez
True enough.**
Brez
Thanks I did, and off course, I like the cleverness ( I feel like a spy!) but is the .37 meaningfull Oily? I still don't catch it (and apparantly I've got a descent IQ?).
Brez
Oily, post away baby, who might be doing the buying;
1) someone from US
2) someone from Asia
3) Someone from Europe
Just send 1,2 or 3
Cheer
Brez
True, perhaps they are two unrelated events. As far as ERHC is concern, a quich review of previous Oily post shows that he refered to ERHE as ERHC in the past. Therefore, I conclude, that he did not meant a new symbol of EHRC.
Oily, dude, pipe in anytime brother!
Cheers
Brez
Although, anything is possible, I would need a strong explanation to link ERHC as a new symbol to EOD 0.37. Unless they are totally independent of each other.
Only Oilphant knows what he meant, when he posted. It would be great if he could clarify his post.
Cheers
Brez
Sorry Oilphant, I don't follow. ERHC what? No one can predict the affect of good or bad news, other than saying "I believe SP will go up, or down tomorrow".
0.37 would not surprise me since, I believe, it would be close enought to the normative range of this stock. Therefore, I must ask, what was the significance of the message, I just don't follow?
Thanks, respectfully
Brez
OK.EOM
No last week was, "all that remains is the dotted line", meaning signatures needed to be signed, I believe.
Brez
Are we to assume that the dotted lines have been filled?
Thanks
Brez
Therefore, 2 weeks is the JMC meeting. Than we shall wait until then and see.
Cheers
Brez
Do you mean that as in;
1) Decisions taken lately are favouring ERHE
2) Decisions taken lately are disfavouring ERHE
Thanks
Brez
Your on ignore, for one month, see you in October
Brez
da nada,
su amigo
Brez
Dude, we all respect your opinion (until you loose it and keep on REPEATING yourself). But state it without writing this,
"it's apparent there are some here who can't take a dose of difference of opinion when it might be viewed as contrary to their beliefs."
It is not "us" vs "them" on this board its a "post your opinion without being offensive" board. Trully, you must understand what many here have expressed?
Cheers
Brez
Dude, take a deep long breath, and let go of the bone!
Brez
Night,
I did, and I was happy to see the average value of $12.80ish. Obviously proven reserves, P50-P90, are worth more than unproven reserves. That is why I used dollar values in my spreadsheet ranging from $1 per unproven to all the way to $12 per proven. It just gives me a range of values to work with. As well, one day they may have a number of proven reserves in Block 1 and 4, but an estimat of unproven in block 2 and 5. My spreadsheet allows me to see what the value is estimated for that particular block, thus add them all together and get a range of SP for the stock. It is crude, simple but in my mind gives me a good enough estimate to realize that we are currently undervalued.
Brez
Dest,
".however in my opinion everytime this oly dude posts its a personal attack due to way he protrays the truth when in fact it's lies.."
When you interpret Oily's words as an attack, that is your opinion based on your beliefs, morals and values. Society as a built in mechanism to ensure that the opinions of one do not overule the beliefs, morals and values of many. It is called democracy. Now the many have asked you to stop personal attacks on certain members, it doesn't have to affect your opinion, it just tells you your opinion has crossed a guideline which we, in majority, agree too.
Just my opinion.
Brez
Dest,
When I use my ERHE Value spreadsheet, it is for two purpose. One to dream of future values with guesses of proven reserves over time.
The other, to keep me grounded for expectancy. For example, CVX announces at least 1 Billion in OBO1. I plug 1 Billion in block one of the spreadsheet and zeroize the rest. What do I get? At $1/ or $3/ for unproven oil a SP between .15-.46. Fine, now I know what to coldly expect. But as rumours solidify, unitization (after all there is a reason why Addax is heading a consortium!), I increase oil in other blocks. For instance I'll assign 1 billion in block 4 for Addax, my SP is now between $.41-$1.21. Everytime a new announcement will be made I know that the price will increase and go right on the spreadsheet.
There you have it.
Now I am off to "The Battle of Britain" parade, Cheers
Brez
Dest_golf,
The "wild optimism" is all relative to the expectations over time. I for one realize that nothing remotely close to the complexity of the JDA occurs over night. It takes time to;
1) Have lawyers compose contracts, review, submit changes etc
2) Have companies "comfirm" political intentions. Definitely with China, but also relevant to CVX, in my opinion.
3) Re-arrange the world of oil rigs. Not an easy task!
Therefore, when I am optimistic, it is simply because of what has happen in the past, awards, partnership, drilling OBO1 (2?), obvious backstage collaboration, Addax heading a consortium, key personnel acquisitions.
It is easy to see where this is heading, some drilling commencing in 2007. This drilling (if successfull) will continue through 2010. That, to me, is positive and yes I believe the prices will go through the roof if it happens in that time span.
But if anyone believes that the price will go through the roof by next week, well I hope you didn't mortgage the home on this, because it most probably will not.
Meanwhile, while I wait for drilling in 2007, the "time" allows investors (not traders) to slowly accumulate without mortgaging their children's future.
So yeah, Joe average is optimistic!
Cheers
Brez
Same, that's what keeps me up 'till midnight everynight!
Brez
So.....what are you gettin' at? Dude, you really got to get things off you chest, you know.
Cheers
Brez :)
No sweat, the spreadsheet uses 710M oustanding shares. If you want to change that to 714 M (I think this is the lates number) Just do a search for 710 replace with 714 and you'll be good to go.
Brez
Opus,
If you are asking to the ERHE Value.XLS spreadsheet that I posted last month, here is the website where you can download it.
http://homepage.mac.com/brezihub
Brez
Ditto, bro
Brez
Dane, not to be a smart a$$ but lots of private familly owned businesss which have no share get bought out for big bucks all the time. My friends father had a small company that manufactured their own little fibre optic widget for which they had the patent for. They were bought out by Nortel for $350 Mil. So, yeah, I believe companies can go for 1500%. Its only a matter of what you own and who wants it. We are lucky, we know how to evaluate oil, widgets sometimes are hard.
Brez
TFA, I was once told;
The easiest part of stocks, is buying them. What's hard is knowing when to sell!
Brez
Dane, one question for you. In light of CVX stating the 3-15 Billion potential in the GOM after one Ultradeep hole, how many holes would it take to prove the same in the JDZ if we were to assume that the same amount existed in the JDZ?
Second,
How much of a reserve would ERHE need to have proven to achieve $6 PSP?
My opinion
Ans:
1) 6-8 holes would definitely do it (if the oil is there)
2) 355 Million Barrels @ $12 per barrel or 710 Million Barrels @ $6 per barrel
Therefore, its not a question (to me) of SP, its a question of "what do I gamble is down there? More or less than 355 Millions Proven reserves for ERHE?
Brez
How do you define "Short Term";
Within;
1) 1-3 months
2) 4-8 months
3) 12 months
4) 2-3 years
Cheers
Brez
With Respect to Share Price I Would Not Accept $6/Anything short term ?
Brez
With Respect to SP Iranian Women News Agency?
http://www.iwna.ir/
Brez
Dane, my IQ is increasing, my EQ is decreasing! I need another beer.
One foot in front of the other, we'll get there.
Brez
"So to Speak"!!!!!
Brez :)
Rocky, DC thank you I'm on top of it now!
Brez
huhhh, anybody want to clue the rest of us in???
Brez
Absolutely, the bottom line is, many meanings to what may be taken as "activity".
We are looking at a very "push it up" schedule to drill by March, I welcome it. Having said that, if it does occur (and I'm inclined to believe it), we must remember that the 1001 miracles that must occur and counter bureaucratic dynamics (or lack there of ) in the next 6 months mean that we (all companies) have been extremely busy for the last 6 months.
IMHO
Brez