Future share price prediction2 Sep 2023 18:43
so here is my back of a *** packet maths share price prediction, if oil is pumping constantly and being sold. there are no problems with production ever and russia does not nuke and destroy the world.
1 billion barrels of oil @ $85 per barrel = $85 billion. it will take approx 40 years to get it all out the ground.
85 billion / 40 = $ 2.125 billion per year.
$2.125 billion working on 30% profit = $637,500,000 profit before tax.
$637,500,000 / 697 million shares = 91 cents per share or approx 80 pence per share if everything runs smoothly.
not taking into account ggs and inflation ot any further dilution. i would be happy at 50p snd then i'm out.