Except for "getting" that HELX big earnings was not going to sustain any pop, I tend only to follow technical stuff once I've got it in my head that a company is a sound buy fundamentally. From what I can get from market cap on yahoo it would appear that REM is about 4 times larger than HELX pre merger. If nice E&P companies, like XEC, EPL, SM, etc are selling for about 9-11 times earnings and REM earnings might have tanked it sans merger (see RES for oil stock just meeting earnings and then tanking), would it make sense to do weighted average of 11x current earnings for REM and 25x for HELX as a big earnings reward for it, and come up with a combined comparable fair value PE of roughly 14? Would love cogent comments.
read my post helx given a buy by Standard & poors says over sold and undervalued 4 stars and paints a rosy picture for 06 eps and on.There fair price is way above what it is now.LOOK IT UP AND GET THE NUMBERS FROM S&P LOOKIN GOOD.