Long story short - the market will likely rerate the earnings multiple upwards as oil continues to remain elevated. Do keep in mind that the GOAT is buying chevron and occidental. The cash flow here is going to continue to impress and in a difficult global environment it will suddenly attract capital , causing that multiple to inflate towards the 2 digit mark.
Commentaire:
It'll get there. We were given the income side basically in the trading update along the wind power announcements. We'll see the expense side in less than a month now. Earnings always cause some movement but don't be skrik of the short term. Look at where the business will be in a year and in a few years and act accordingly. Still on track for a nice bump by year end