CVI with 500M shares on issue producing 50,000 bpd with $320M debt.
On profit margon of $10 a barrel = $180M EBITDA per annum
NPAT = $180M EBITDA less $32M interest less $20M deprecation x 35% tax = $83M = 17 cents EPS.
On PE ratio of 10, share price target = $1.70.
HAVE I ERRED????????
ANY FEEDBACK IS WELCOME.
