$3 target witht the following note....This Note is based on the East Oklahoma Project announcement only. Our valuation methodology included running several Flow Rate scenarios, assuming a steady well development program. A NPV was established for RFE based on a 10-year operation, and we have further discounted this by 50% to take in to account current lower energy demand levels. We have NOT applied PE multiples to our current shortterm forecast.
Buying more. If it retraces, I don't care. 60c is a joke.
RFE Price at posting:
61.0¢ Sentiment: Buy Disclosure: Held