Replies to post #3188 on Value Microcaps Junior Energy

[jaybird249]

Thans. sold TIV and bought ABP- I think its by far cheapest play left. From Yahoo

Let's talk P/E and possible EOY Price 14-May-08 07:07 pm Facts from the CC:
* ABP made $0.055/share ($0.22 on a yearly rate);
*** or do you want to use the reported $0.07 ($0.28)
* With current price at $4.28, the P/E is ($4.28 / $0.22) or 19.45
* or with current price at $4.28, the P/E is ($4.28 / $0.28) or 15.29
* Two wells are being drilled as we speak – likely production increases this quarter
*** likely EPS improving every quarter
* Mr Watson answered a question hinting that an EPS of $0.35 by EOY would likely be low. So, lets guess at a EPS of $0.40

So … at End of Year (EOY) …
Using the above P/E, ABP’s price would be (19.45 * $0.40) = $7.78
* or using the above P/E, ABP’s price would be (15.29 * $0.40) = $6.11
Using Apache’s Multiple (13.58 * $0.40) = $5.43
Using Chesapeake’s Multiple (31.44 * $0.40) = $12.58
Using El Paso’s Multiple (12.82 * $0.40) = $5.12
Using Southwest Energy’s Multiple (55.39 * $0.40) = $22.15
Using Industry Average’s Multiple (23.74 * $0.40) = $9.50