Posted On: 05/24/2013 6:02:51 AM
Post# of 93
NORX...people get real. stop looking for a few cents here or there. Allow me to clue you in.
Shares outstanding 38,500,000 more or less I use this number for easy figuring. For every 1,000,000 barrels of oil at a net profit of $70 a barrel that equals $70,000,000 divided by 38,500,000 = $1.82 a share per 1,000,000 barrels. So how much is the stock worth? I don't know because I don't know how much oil they have.The actual share count is 32,250,000 and the guesstimate of oil reserves is oil, Now this will blow your mind, (In the past 5 years the Bakken Shale has already doubled the proven oil reserves of the USA, with growing estimates of over 40 billion barrels of oil, compared to 21 billion for the rest of the country.) Now if you are still standing multiply $1.82 x 40,000. All I can say is WOW!
Shares outstanding 38,500,000 more or less I use this number for easy figuring. For every 1,000,000 barrels of oil at a net profit of $70 a barrel that equals $70,000,000 divided by 38,500,000 = $1.82 a share per 1,000,000 barrels. So how much is the stock worth? I don't know because I don't know how much oil they have.The actual share count is 32,250,000 and the guesstimate of oil reserves is oil, Now this will blow your mind, (In the past 5 years the Bakken Shale has already doubled the proven oil reserves of the USA, with growing estimates of over 40 billion barrels of oil, compared to 21 billion for the rest of the country.) Now if you are still standing multiply $1.82 x 40,000. All I can say is WOW!
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