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So I’ve been digging into $EEENF lately. I’m seeing price targets anywhere from .20 to 5.00 .... I can’t figure out WHY these price targets are being given. I have done my DD with $WLL and i can’t seem to put it all together. What I keep hearing is that $EEENF will announce 2B barrels of oil.Joseph_A_Livi, published August 15, 2021
This figure seems to excite people and most are saying the stock price will explode. Well $WLL sells 90m barrels of oil PER DAY, which equates to 30B barrels PER YEAR, and is only worth 1.3B market cap. At .10 $EEENF will be worth more.
Can any oil expert explain to me how these numbers are possible? How is a company selling 90m barrels per day only worth 1.3B , but a company that has 2B+ in oil reserves will be worth 10x more at .50+ ... can anyone accurately answer this? $EOG $CVX $COP