Somebody posted ( I can't find it now) that at $50. oil that AKK would be paying a dividend of .009c/s . That works out to a P.E. of about 78. Now what about $60. oil? According to about half of the "experts" oil will be $60 to $80 ythis year with one suggesting that $130. would be the price in 2017-18. The other half are suggesting that $40 to $50 will remain for the forseable future. Say in 3 years oil is $90. which sounds reasonable to me, then what would the model show?
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