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Re: 236T568 post# 2257

Wednesday, 10/23/2019 5:42:28 PM

Wednesday, October 23, 2019 5:42:28 PM

Post# of 2645
The 30-year average price-to-book-value ratio of oil and gas stocks is 2.4, according to Bank of America Merrill Lynch. So it should be $2.25 to $2.40 on that valuation. Keep in mind that price to book ratio is mainly larger oil companies. Smaller, more growth oriented, oil companies, like Fortem, generally trade at a higher multiple. Since Fortem has the potential to generate a ton of cash from its untapped reserves, that multiple will probably be higher. Doubles are good, triples are better, but I'm planning on a home run with Fortem.

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