Very Crude valuation & Full year profit forecast
This is not meant to be an accurate assesment of costs but thought it was interesting - NPAT of $100mill & Revenue of $200mill not impossible???? Share price should be $1.50????
Share price cps 110
Shares on issue 261,905,658
Options 138,837,891
Diluted shares on issue 400,743,549
31 Jul to 22 Nov 4,400,000 barrels of oil
23 Nov to Dec 31 1,872,000 barrels of oil
total (5 mths) 6,272,000 barrels of oil
nzo at 12.5% 784,000 barrels of oil
tapis average us$ 90
nz to usd 0.77
tapis average nz$ 117
$ to nzo 91,636,364
50% costs?? 45,818,182
profit for 1st half (5 months tui) 45,818,182
2nd half (6mths) 54,981,818
full year profit 100,800,000
EPS 38.5
PE 2.9
diluted eps 25.2
diluted pe 4
Sp
If diluted pe was 5 126
If diluted pe was 6 151
If diluted pe was 7 176
If diluted pe was 8 201
If diluted pe was 9 226
What's the best oiler to buy?
You guys seem to know oilers more than me. What's the best oiler to buy when there is the eminent correction due in oil, once the northern winter buying has stopped. So I can pounce when the timing is right
and let you guys know!
Is it AWE, PPP, NZO or an another Aussie NZ share.
good news -Now announce some more
Very happy to be holding my recent purchase of 74400 NZO's esp. when my ASX portfilo is getting hammered-One of many factors to stir the market in rerating NZO closer to 1.50 will be recording a higher NPAT profits than expected and now with an increase in reserves NZO should have higher cashflows for longer which will blend in well with NZO's other project cashflows coming onstream
I am 100% confindent NZO will be 1.50+ this time next yr (sooner rather than later would be even better)
--Revenues are likely to be well above last month's estimates of $100 million this financial year and could head close to $170 million on present high oil prices.--