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Dana, production growth a certainty

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bomfin - Mon, 30 Dec 02 :

OK Wan,
Thanks again for all the info.
P.E of 12 in this market is a sell imho.P.E 7.6 is dicy. Ofcourse it depends the circumstances but it usually isn't of interest to me.
The beauty of Dana's advance is that as much as 1/3rd of extra revenue will make it to the bottom line with tax,without tax it's much better. I think the bank you mentioned are right and with the recent advance in share price the forward P.E for 2003 is probably nearer 5. If oil prices stay this high we loom in on 4 and 3 which is music, sweet music to my ears.
regards bomfin


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