In about a years time AED would rank as the table pounding buy of 2007 because of following:
assuming 10,000 bopd -co generates earnings per share of approx $1.00.therefor PER=4.5xearnings.other peer companies like arq,awe,bpt are trading at PER of 12.Pure maths implies that AED is currently fairly valued at about $12.Do the maths and see what Aeds value should be when 20,000 bopd will be produced as promised by mgmt.$25?
comments please
