Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Pests callum
Lol, that was pathetic
I hear that wind turbines will replace all energy needs and oil is on the way out. Solar panels and Wind will replace oil. It is best if everyone sells quickly before everyone else becomes aware.
"esecallum". I just had a browse over your posts and there is No doubt that you promote negativity... Perhaps on behalf of someone else..!
What are you Talking about?? what's the relevance or are you trying to disrupt confidence??
As for oil on the way out Everyone remember Texas and the damaged and frozen Wind Turbines and no wind and power cuts...
Wind Energy very unreliable.
Everyone remember Texas and the damaged and frozen Wind Turbines and no wind.
Soder, but you forgot the most important part of valuing anything...what people are prepared to pay!
Valyew. Hope has nothing to do with if. It’s simple maths you can work out yourself. Company valuation is not rocket science. Especially oil companies. Production. oil price. opex bbl. fixed costs. Capex. Debt.
Oil stocks remain at all time low valuations given their have pariah status courtesy of the ESG mob. In reality, given current oil prices and the outlook, free cash flow will be meaningful over 2021 and beyond. But it’s trendy to **** off oil and even the ceo’s of Bp and shell do it. Personally, i think if they want to run a wind farm or solar business they should **** off and do it some where else. These are an oil companies and as a shareholder I expect them to be run as such. If I wanted to invest in ****ty IRR white elephants I would. But I don’t.
I hope you're right. I'm in at 11.8p and it's my largest holding! Already done me good, but if oil does what Goldman Sachs predicts, then the year may end very well. Several of my US oil stocks are up over 200%...just hoping UK sentiment follows, as there is a massive UK / US disconnect at the minute! May be brexit, be nothing stays cheap forever!
Ebitda will be $2.2bn with $3.2bn net debt at close.
Assuming a min 5.5x ev ebitda multiple gives an implied mkt cap of $8.9bn. Flip that to £ at 1.4 which is a huge headwind at the money and you get a market cap of £6.3bn. 5% of that is £315m vs current not cap of £210m = 50% upside in approx 1 month.
Ideally we would like gbp to weaken against the dollar over the next month which will boat the SP.
Im not sure that valuation is correct. Many think it will be much more.
You could try looking at Aker BP as a similar operator. Hope that helps.
If HE has a market cap of £4bn then the PMO 5% will equate to £200m, that's less than the current market cap. Will the company be valued over £4bn based on its gearing and the combined assets? Are there any comparative companies to assess likely mcap against?