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Wednesday, September 06, 2006 10:34:13 AM
Oil companies are earning $10 per year and paying dividends and are trading at $30. 10X earnings is $100. Stocks on the nasdaq have these high multiples 70X, 110X earnings, but the real money makers are valued at 10X earnings. Let's say oil becomes a rare commodity and we get valued at 20X earnings. Still well below the multiple for these money losing tech stocks. At 20X earnings that $30 stock should be trading at $200. Case in point, FTO (Frontier Oil).
With $50 oil, these companies are racking in the profits. Exploration is feasible.
BIGN will have it's deay soon. Just heard from Boyd. We are in a good stage of the deal closing, IMO, once lawyers are involved you know we are going to close soon. He said the details of the deal are very complex. This almost sounds too good to be true.
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