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
Paras, I am told WRNW now has some 700 boreheads in total now, to work with.
Methinks they are just getting started, too.
One look at the OK. O&G map and it doesn't take a rocket scientist to read the writing on the wall...so easy (obvious), even a caveman could do/see it.
You are making your entire projections on this one lease package. They have numerous lease packages (see the IBox) as well as owning an O&G services company. This does not include TEAM , an O&G services company which WRNW is in the process of acquiring majority interest in. TEAM alone is a $13+ Million a year operation. And it is not accurate to use only oil. The Birdsall lease is producing natural gas. So you need to include Oil, NG and Service Company revenues...not just oil from one of the leases.
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