"But OEL will get the rest and yet their MC is only $90M. And they have dibs on the next project too. I can't see why their share price is so low.
Anyone any ideas?" -- badger
1. I own both. Once almost with equal cash.
2. OEL may have the better prospects, Alaska, ie. future.
3. They split the GoM money 50% (less the royalty, so ~41% (if wrong correct me, but not germane here).
All things being almost equal here I believe -- and I'm biased -- is that Mr. Market has weighed the two, Alaska (yeah-yeah...), Tanzania mis-step (eye elsewhere?), and judged OEL's management by not buying.
To ease into the weekend, here's a bit about the direction of oil's price:
