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S&P 500
5,422.30
(
-0.21%
)
US TECH 100
19,087.12
(
0.10%
)
Dow Jones
38,581.11
(
-0.17%
)
Brent Oil
82.61
(
0.77%
)
Bitcoin
65,276.11
(
-2.22%
)
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fanglemeister

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fanglemeister

Re: StealthTrader post# 5852

Tuesday, 02/02/2010 9:17:04 AM

Tuesday, February 02, 2010 9:17:04 AM

Post# of 14712
Stealth your .14 number looks real close to what I came up with using the NAVPS valuation method outlined at investopedia here:

http://www.investopedia.com/articles/stocks/07/oil-gas.asp

I had to guesstimate some numbers like cash on hand, but bottom line I came up with .1383/sh using the reported production levels as of Q3 2009 and simply adding 33% to simulate a full year's production.

Note that they should be pumping up more oil now than in Q3/09, according to recent PRs...

Note: I am not your financial adviser.
"The only active role you play in getting a return in stocks is deciding at what price you'll enter."

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