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Re: jsc52033 post# 159881

Wednesday, 04/29/2009 2:00:51 PM

Wednesday, April 29, 2009 2:00:51 PM

Post# of 362721
jsc52033 -

What other parameters would you use for evaluation of stock price that are better than book value? If it was 100% certain that a defined commercial quantity of oil was going to be found after drilling, the price would likely be significantly higher than it is now. Bottom line is, before drilling, it's possible that current book value (=all dusters) is all there'll be. Other possibilities are just ill-defined probables, and I doubt you would get any reasonably close consensus among post-drilling share prices from independent estimates.
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