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Re: lovethatgreen post# 543

Monday, 12/03/2018 7:49:06 PM

Monday, December 03, 2018 7:49:06 PM

Post# of 626
If we give these guys a modest PE ratio of 15. My estimates show that with a 350 bpd flow from Leaman #1, these guys would be pulling in just over $4M in revenues annually. And that's after you account for their 60% of the total revenues. That's earnings of .04 per share. Multiply that by 15 and the price should be $.60!

If they produce more than 350 bpd, well, you start to see how undervalued this really is.

My post is only my opinion, I recommend you always do your own DD! I am not a licensed broker or a professional by any means, so take what I say as entertainment value at best.