The Net Asset Values Of Big Oil: $10-$40 Stress TestRupert Hargreaves
Following last week's research note on the sustainability of Big Oil's dividends, this week analysts at Oppenheimer have put out a research note which looks at the estimated NAV of oil and gas companies, based on proved reserves. This estimated NAV is then compared to current prices to give an over/undervalued result.
The estimates factor in several different pricing scenarios from $10 to $40/b for oil and $0.50 to $2.00/mcf for gas.
I should say that this note . . .
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