No doubt you're 100% right on sentiment part. I would go as far as to say all the calculations in the world will not matter at this point.
My thrust is that once Galoc does start to flow oil, then these calculations suddenly take a different form, from self justification to analysis and share price targets.
Simply because there is a finite number we can work off, (the number of barrels produced which is Galoc's share)
Until that bit of the equation is clarified as fact, everything else is heresay, nonsense, and self justification.
The whole point of my calculation is, based on what they said the well will do, one is paying a PE of 10 for Nido at the moment, with free upside in the NW Palawan targets totalling 11.6 billion barrels.
Thats like....buying lotto every weekend for a whole year, and getting 10 more years worth of lotto for free.
NDO Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
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