This HUGE buy at 4:13 PM, page-8

I would say revenues of about 1.2 billion for this year and a profit before tax of about $500 million. Not including a revaluation upwards of previous years write downs on there assets because of the increased oil price. I'm estimating about a $600 million profit before tax this year, giving a PE ratio of about 6.5 based on the current market capitalisation. Which is well below the industry average of 12 and next year the revenues will be about 1.6 billion if the oil prices stay at this level and the profits should be higher.

So based on this I'm thinking the price of beach should be more like about $3.4 per share on a fairly conservative estimate