RE: CUDA had plans as well15 Oct 2023 18:15
Interesting the problem with your argument is markets don’t work with simple maths! because people are involved with sentiment, either negative, positive or over enthusiasm pushing values below far value or well ahead of the game! My view is we are well below based on assets alone.! An example of math being wrong is in the housing market average yields for 300 years have been 6%to 8% today 3%! This shows markets sentiment move out of kilter, either positive or negative, but always revert to the norm over time…With housing interest rates with bring yields back to the norm bringing prices down… the market is correcting….!As is ours in the oil market it’s been to cheap for to long leading to lack of investment and development over the last 10 years…. It’s all coming back to bit us as Weston economy's dependent on0% interest rates and money printing for far too long …. We are in an inflationary period with lots of over inflated assets falling to far value housing,art, bonds,classic cars, US stock markets all in money printing bubble…. Commodities on the other hand have not and are in a new superCycle…. So lm quite happy with money tied up in a massively undervalued oil asset which has just begun its new journey to profitability and development….. :)My point is Maths
gets trumped by sentiment! And you and your Co bond vigilantes base all your calculations on todays price!
A massive miscalculation in my view!