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2,739 Posts.
2
31/03/08
17:41
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I think the market wants to see hear smell and taste that this deal is over the line.
it's become that skeptical and cynical.
I'm convinced this is a done deal but once the market senses this is over the line .. a big rerating will happen.
After all ..
This could be trading at a p/e close to 1x - if the field gets to the notional 30,000 bopd rate (net 12,000bopd to AED).
even at 10,000 bopd rate ..net 4,000bopd .. it'll be trading at about 3x p/e.
A huge rerating therefore awaits.
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