How to value an oil & gas company's stock price
Posted: Fri Aug 07, 2020 3:17 pm
This article about ESTE will give you an idea about how I come up with my "Fair Value Estimates".
https://finance.yahoo.com/news/earthsto ... 26111.html
My valuation of ESTE is higher because I value upstream companies as a "going concern" and believe it has a lot more running room. Plus, I'm a bit more bullish on oil & gas prices now than I was a month ago.
https://finance.yahoo.com/news/earthsto ... 26111.html
My valuation of ESTE is higher because I value upstream companies as a "going concern" and believe it has a lot more running room. Plus, I'm a bit more bullish on oil & gas prices now than I was a month ago.