RE: What are 88E plans to monetize an Asset?13 Apr 2021 00:57
23.04 - as I said, uneducated guesses without the experience or information to truest warrant.
And by the way, many make errors with the difference between and under/over valued stock at this point in time and share price changes in the future through development.
In this case, the end product doesn’t change, the use of the end product doesn’t change...the land doesn’t change, the process of drilling doesn’t change...therefore in this case value changes would be generated through drilling data and success. So the extend to which you would know this is under or over valued you would be encompassing all of the data they have already, use of experience in geophysics, petrophysics and seismic interpretation ...to interpret the data and also have an extrapolation for the future oil market in terms of utilisation and what competitors are currently doing and planning for the future plus any additional external factors such as political and financial risk such as royalties and taxation.
What I’m saying is people are buying stock because they think that developments yet to be completed or unknown will create a higher share price...that isn’t under or over valuation, this just a view/hope/expectation things will improve through circumstantial changes...they are different and shouldn’t be touted as the same.
And I’ll be the first to say I don’t know what fair value is...I’ve had a decent history in high level finance and that still doesn’t cut it. I think future events the company undertakes will create me value through and accretive share price, it’s a gamble...it’s that simple. I might be wrong and someone could argue it’ll go down and that’s fine....just don’t dress it up as being grander than that.
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