1 dollar in 3 to 6 months discussion thread, page-15

Paulglen, if you will hark back to NDO's report as of the 28th Feb, you will see they used three different price models, each based on Brent Crude - for some odd reason.

The base models used, $40 - $50 - $60, with the $60 model delivering $67.4m to NDO in 104 days.

Well we all know that oil is now more than double the $60 model used by the company in Feb, and most would agree that if $100 is ever revisted the world will have cause to be thrilled. So what Im suggesting is, when NDO make first reports on their revenue stream the market will be surprised.

Why so, NDO are in the Asian region, the Tapis region - price wise, and Tapis currently sits at $141 a barrel.

In reading oil company reports one must bear in mind that all of them use models geared to an oil price that is about half the reality. It is one of their traditions, and one that allows them great scope if prices were ever to move on the downside.

Hope you get the drift about why I think the stock market knows diddly about investing in oil companies. Indeed, save for BHP and WPL, we have striven to sell them all off

Mind you, about this time next month I'm sure we will see a bunch of experts come out of the woodwork on NDO - fobbing it off to sophisticated investors, and the like