Financially strong and impressive book value growth last 5 years. Current oil price might be a good buy opportunity. A lot of cash on the balance sheet and have started to give cash back thru buybacks and dividend.
What is this business worth?
10 year average annual book value increase of 22,98%.
5 year average annual book value increase of 43,84%.
54% upside looking at the most pessimistic 10y annual average.
Earnings power value:
21% upside on 3y average.
14% downside on 5y average.
Disclosure: The author had no position when this post/analysis was written.