TAP
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0.00% 7.8¢ tap oil limited

For the first time in months: this evening there seem to be more...

  1. BlackPeter
    588 Posts.
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    02/03/16
    17:05
    Post #: 17168751
    For the first time in months: this evening there seem to be more buyers than sellers ... and solid resistance at 7.6 cents!

    Anyway - I updated my DCF spreadsheet with the recent world bank oil price estimates and updated admin costs, oil reserves and credit facility as per the latest annual report.

    Based on this and the reminder of the gas ... does a TAP share now end up with a DCF value of 23.5 cents. Ouch! The assumptions that oil will stay low for long does not help, but still - better than the 7.6 cents on offer today.

    Never thought that I might some day hope for higher petrol prices ...
    TAP Price at posting: 7.6¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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