24/Share Evaluation - Where do they arrive at this figure?
Hi, I have been looking through valuation and have so far not figured where the 24/share valuation is coming from. I suppose they get this from unrealized oil/gas reserves. Certainly not from cash per share on hand. Anybody have good numbers in front of them to get to this valuation? Perhaps a website that explains it better? As far as this quarters number, not expecting anything great, but hoping solid numbers and a little light at the end of the tunnel.
Try explaining '1990 MM$' a little more clearly. They must be using $9 MCF for natural gas?? So if most everything is hedged in the $3s MCF, what would be the point here ? A boat in the natural gas river, but no sail to ride with ? Speaking of water, IF (if) the book value is really $24, why hasn't this attracted sharks ? Oh wait, even sharks won't bite into $987,000,000+ in DEBT ?!
One might round to $1 BILLION in debts, but that would be rounding, eh dolts ?