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
