ACN 0.00% 28.5¢ acer energy limited

Bought another 6000 shares at 73c. Hopefully tomorrow will come...

  1. 1,015 Posts.
    Bought another 6000 shares at 73c. Hopefully tomorrow will come some positive progress.

    Assuming a reasonable INP profit margin at $50 per barrel, 1000 barrels a day, (quite low level), working 300 days a year due to flood

    50*1000*300=15M dollors

    and current MC is 138M when SP is 73c. Foward P/E is 9.

    I know P/E of BPT is only 5, but they made a huge loss of $50M on closing their oil hedge account. (a very bad mistake)

    Cheers
 
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