RE: oil price12 Nov 2020 19:50
Not sure if some haven’t grasped that very soon we will be part of a (in my opinion) £5B company,I can quite easily see it being 6. That’s 27-30p per share in the current environment. Investors are taking positions now before they are locked out by the suspension.
We will be a FTSE 100 company with a P/E of around 3?
Can anyone tell me what an average PE ration is for a solid ftse 100 dividend paying stock? I know it’s a lot more than 3.
There is huge margin for growth here and huge margins to be had for future dividends by taking a position now.
235k boepd before 30k from zama and others in the pipeline get added to that, or even If they just offset natural declines that’s still huge production figures.
I see this new CO being worth £8 in medium term with the right environment, that’s a little over 40p per share for us with dividends.
Don’t let the sour kraut DBNO Sad investor and all the other doom and gloomers make you think this is overbought, they are just sick because they think they missed the boat. Credit to happy he doesn’t change his opinion day and night, he’s a consitant deramper but the point remains..