Hi Stoz,
I think that is a good calculation as EBIDTA includes all costs to determine profit i.e, shipping, port fees, handling, storage. etc, with tax etc still missing. However I think your a little light on with the production i.e. 42mBOE. WPL's own production goals state 86mBOE as being the low end, therefore if we are forward looking and they hit or exceed production at 94mBOE, then costs should fall to $15-$17 per barrel (I also would assume some additional cost cutting measures), which is fairly close to my earlier estimate that oil needs to fall to $15-$10 for WPL to generate a loss of significance. We are both right but from two different angles. What's wrong is an article I saw yesterday quoting WPL's average cost at $29, which is way off. WPL will be a great buy at the right time.
Time to TO sto, page-23
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Last
$29.21 |
Change
-0.310(1.05%) |
Mkt cap ! $55.46B | |||
| Open | High | Low | Value | Volume |
| $29.14 | $29.32 | $29.05 | $121.9M | 4.181M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5709 | $29.20 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $29.21 | 14331 | 2 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
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