PPP 0.00% 3.7¢ pan pacific petroleum nl

old article, page-2

  1. 8,052 Posts.
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    Yes an interesting article in several respects.

    Yes and it is certainly "old" in terms of the present situation with Hector drilled, done and dusted, and therefore of no real consequence at this stage.

    It does show the "speculative interest" in the possibility of a large find at Hector pushing the sp up in anticipation. That eventually led to the disappointment of nothing in Hector and a drop in the sp to present levels.

    Despite the strength of TUI production people are not responding to that fact but would prefer the speculation of what "might" be (Hector).

    However the other big change is the increased level of the oil price plus the strength of the TUI production. So some of those calculations about EPS and P/E etc are very much under what the reality is now.

    So - yes an interesting article if only to highlight the present reality.
 
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