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MercosurTrav

02/22/08 4:29 PM

#11420 RE: willlbone #11412

P/E ratio for CEE Gas & Oil companies:

Company, 2005, 2006, 2007e, 2008e, 2009e,
INA, n/a, 26, 30, 26, 25,
MOL, 8, 8, 10, 11, 12,
OMV, 10, 8, 10, 10, 10,
Petrom, 19, 14, 15, 12, 10,
PKN Orlen, 6, 8, 20, 11, 13,
Rompetrol, 10, neg., 33, 37, 45,
Unipetrol, 12, 8, 11, 9, 9,

Let's use a very CONSERVATIVE P/E ratio of 5 ... that gives us $0.01 though it should be around 10 ($0.02)