A quick google says that a land based oil rig costs between $1mill (used) and $10mill (brand new) to build. Forget the fact that it's just internet info and run with it for fun...
At the $1 mill/per x 50 land rigs = $50,000,000 --> $750,000,000 profit
At the $10 mil/per x 50 land rigs = $500,000,000 --> $300,000,000 profit
So potential achievable share price from this single purchase deal...
Most conservative estimate, 2bill share maxed out, PE 1, $10mill per rig =
$0.15/share
Most optimistic estimate, 896,176,646 shares, PE 1, $1mill per rig =
$0.837/share
If you want to get even more complicated put the PE at a top of 10 and a bottom of 1/3, means a low of 0.05/share all the way to a massive $8.3/share, lol.
Stick with a PE of 1 or lower though, it's a safer bet.
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