Liquidation Value vs. Short Term Perspective vs. "Going Concern Valuation"
FM is already installed
OM has previously been purchased from external analysts or gathered from studies.
Missing expertise in OM
Missing experience in comparing companies, Missing understanding in different Accounting Standards, Missing knowledge in how to compare and what to consider/watch
Missing background knowledge in Accounting Standards
affecting investment decisions and fair market value estimation
Valuation Mesures, Operating Metrics, Financial Metrics
Amex Oil Index
Accounting Methods differ on Company Size, Small/Mid/large Caps
requires comparable information
Standards, US GAAp, Can GAAP, UK GAAP, IFRS
Companies, MarkCap greater than 1bil, Upstream and integrated
Valuation, operational measures, Reserve Ratios, production&efficiency Ratios