Hi Bystander
Thanks for the very informative post. As you know I have been investing in CB stocks for over a decade and I have found the best rule of the thumb to buy them cheap is through a simple Calc of EV per 2 p reserve barrel . When oil was 90plus I would use a figure of 25 for the oil and 12 for the gas reserves. When the market cap provided an opportunity to buy cheaper it always proved to be a winning investment. In this environment 15 for oil and 8 for gas is best this is why the mid 40s range seems right. At current prices you are paying just under 15 per barrel of all reserves, most of which is gas thus it seems buying a bit cheaper presents better safety. It's not that it's expensive , simply not as cheap as I would like to decrease chances of losing money medium term. I think a clear buy is around 40 but 45 is probably were I would begin to enter
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Hi Bystander Thanks for the very informative post. As you know I...
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$1.25 |
Change
0.025(2.04%) |
Mkt cap ! $2.851B |
Open | High | Low | Value | Volume |
$1.24 | $1.26 | $1.23 | $11.87M | 9.487M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 192001 | $1.25 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.26 | 129594 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 60938 | 1.240 |
4 | 75214 | 1.235 |
9 | 100729 | 1.230 |
3 | 29596 | 1.225 |
8 | 76843 | 1.220 |
Price($) | Vol. | No. |
---|---|---|
1.260 | 21455 | 2 |
1.265 | 51942 | 4 |
1.270 | 20549 | 1 |
1.275 | 20549 | 1 |
1.280 | 55299 | 5 |
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