RE: Oil to rise $150 per barrell31 Oct 2023 05:37
Whatever price it get to will be MUCH higher then valuation targets which use $70bbl.
Even with this price we have nearly x 10 Bagger on just known asset base. What is multiple on $90, $120, $150!
Signature to start operations is key that will unlock START of rise in target direction
(Then we have other assets to look at for value adding with New Blocks, Renewable contracts, JVs)
Multiples of multiples from BUY price today
RNS can come any day so up to investor to make decision to be part of this or take chance to be out.
Be happy with decision whatever you choose 🦉