Hi Madamswer, Thank you for the detailed answer. One follow up...

  1. 94 Posts.
    lightbulb Created with Sketch. 51
    Hi Madamswer,

    Thank you for the detailed answer. One follow up question, for the time being

    I like oil and, I have explained the reason for this. I still think there is an upside to oil.
    Why do you like CE1? It has no earnings and has debt. I always found valuing oil companies very difficult as it is essentially an interplay between solvency, future oil price, and assets in that order of importance.


 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.