also worth noting that a barrel of oil is now trading at $90 a barrel and is likely to be trading markedly above this level well into the future which makes the ebitda forecast look pretty conservative. it also doesn't include the contribution from power generation. linc will also be selling their product at a premium to the spot price.
7 million barrels per year at a cost of $25 per barrel + the contribution from a 200mw (not yet confirmed) power plant and then we can add any number of other projects which will be in various stages of development and the growth profile will begin to look pretty impressive with linc being valued relative to this growth profile rather than the earnings at the time.
bottom draw and a sneak peak occassionally.
LNC Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
