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Gold/Mining/Energy : Canadian Oil & Gas Companies

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To: Dilution who wrote (6313)4/24/1999 9:23:00 AM
From: Zeev Hed  Read Replies (2) of 24914
 
Dilution, thanks for your post, one number is quite telling, the total market for seismic measurement at $3.7 billions. This looks awfully low to me, but it is a good point for a starter. You said that there were 14 MM shares outstanding (if memory serves) so the current valuation of the company is $280 MM. To me this put the company at 7.5% of the total market, quite a fair valuation in my book. It seems that the future potential (penetrating 7.5% of the market) is fully reflected in the current price.

Zeev
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