I'm not criticizing, just trying to understand how you are valuing the company. I'd agree that 'future production' is usually over weighted, but how do you judge the true value of the assets? As this is ultimately where the long term value. Estimated at $9m PDP and $32m 1P as of 01/07/2014. With no value yet attributed to the 'to be established plays' aka Woodford.
Thanks for the post. I was responding to the people who said that the price had dropped even though production had gone up, it is not necessarily a given that they go together. There is a case to make that the price is fair/high and has some future production increase priced in which I was making. As you say, the WTI and the future production are key and you make a good case.
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