Gas is not valued as highly as oil (although, we really have gas and condensate).
Oil is valued higher because with oil, you just suck it out of the ground, load it onto a tanker and deliver it to Singapore for it to be refined.
Easy money.
Gas on the other hand is different - you need to instal pipelines to bring it onto shore for processing. This can add billions onto the development costs.
So I don't think our SP will rise as much, unless it surprises on the upside with condensate (which is really super light oil).
Is PS3 worth $2 a share to CVN?, page-9
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14.5¢ |
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Mkt cap ! $259.4M | |||
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