Dino, you said
"Keep in mind WHN will not have exposure to 5billion barrels of oil once they farm out. My guess is they will retain 10% if they are lucky."
OK let's say they unlucky and retain 5%, that's 250m barrels at say $40/barrel (just to be conservative). That's $10 b mkt cap, ok say that's a couple of years down the track PV is still north of $8b. Divided by 1698m shares (undiluted) gives $4.71.
Why bother to pour cold water on this thread...it's way too early .
25 cents, page-11
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