Friday, November 30, 2012

Pick a Number, Any Number: In This Case: 15

Link here to SeekingAlpha.com: Whiting is worth $15 billion.

Whiting's market value today is about $5 billion.

What is Whiting worth? I think one can make a case for almost any number between $4.9 billion to $100 billion. I did the math on the back of an envelope, then lost the envelope, and don't want to go through the exercise again. Trust me. Somewhere between $4.9 billion and $100 billion.

SeekingAlpha.com's $15 billion is at the lower end of that range.

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