new to WAF, but i dont understand what i am missing.
year 1 - at current prices alwe are looking at earnings of approx 300m, or 30 cps, giving a current PE of around 3. The debt could be paid off in 6 months.
subsequent years, earning more like 250m, or 25cps, so PE is still only 3-4.
upside with drilling and recent acquisition.
Is there something wrong in my rough calcs? is it purely the location/commodity price risk causing the discount, or the lack of clear growth after 10 years?
PRU, who produced a similar amount in a similar area but with higher costs, have a market cap of 2b...
what am i missing
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$1.61 |
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