Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

Free
Message: XIII
Reply New Message
Prev Message Back To Forum Threaded View Next Message

Re: XIII

in response to
Re: XIII
by
XIII
posted on Dec 26, 2007 02:14PM

Hi Martin,

I did a little research on oil sand companies P/E.

Here is the list

Exxon 13.86

Oilexco Inc. 25.09

Suncor energy 21.98

Devon Energy 16.01

Nexen Inc 17.37

Petro Canada 10.33

UTS 17.23

Talisman 9.34

So lets take worst case at P/E 9.34 if earnings .45 - .65 that gives us a share price of between 4.20 -  6.07

Share price can only get better as production increases and proven reserves increase.

1 Recommendations
Reply New Message
Prev Message Back To Forum Threaded View Next Message
Share
Share
New Message
Please login to post a reply