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Re: Paras post# 10886

Thursday, 05/03/2007 12:10:24 AM

Thursday, May 03, 2007 12:10:24 AM

Post# of 132367
The PE ratio is a tad low for the oil sector. It should probably be closer to 20. Also, thats not counting revenue from other leases with oil and gas wells. It's also not accounting for revenue generated by the service company. Also I used the A/S to prove a point. In this case however the O/S is probably around 500-600M. So to answer your question ?

Any idea? Will it ever hit 0.02 mark? Looks like its doubtful!!!

Your are 100% correct, a true master in the arts of fundamental analysis. I'm going to be sure to sell all my stock tommorrow because there is just no way I'm going to be able to make any money here.. *sigh