RE: Calculations a side - How will the market react?15 Aug 2021 21:00
“I am all for a debate so please tell me why in your opinion you feel 88e should be worth more than COPL a producing Oil company (in Atomic) , with possibly bigger plays than 88e with its OPL226 play?”
You somehow appear to have completely missed my point despite me explicitly stating multiple times that 88E is an anomaly. It shouldn’t be worth anywhere close to what it is. It is a serial duster driller and is valued on hysteria.
Similarly, if the last 18 months should have taught you anything, large company valuations are rarely based on fundamentals so trying to base COPL’s valuation on fundamentals or logic is an exercise in futility.
The market is broken and the value therefore will be based on the interest it attracts. That may mean it is undervalued, valued based on fundamentals or overvalued based on hype and hysteria. You’ll just have to wait and see when it finally re-lists (whenever that is, not necessarily Tuesday as others keep incorrectly stating as if it is fact).