I agree with all MIRMy point is i use projected figures, and i...

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  1. 2,614 Posts.
    I agree with all MIR

    My point is i use projected figures, and i update them with real figures as they become available.

    Easley yes was a very short frac, but none the less at present Easely makes up around 6% of the companies valuation.

    Its still experimental times ie Easely short, differnet frac lengths, depths, restricted chokes etc being trialled.

    In 6 months time we wont care about Easely one bit. Im expecting the turnbulls might lead to a significant upgrade. Any reserve re-rating similarly.

    Right now PAttersons are outdated. Euroz ore close but conservative, imo the true valuation right now is in the 1.23 to 1.35 range. Given the market jitters right now $1 is probably fair value. under 90c imo is an absolute bargain.

    DYOR and seek expert advice, always, never act on forum posts.
 
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