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Equity Valuation In The Coal Seam Gas Industry, Keith Duncan, Simone Kelly, Ray Mcnamara
Equity Valuation In The Coal Seam Gas Industry, Keith Duncan, Simone Kelly, Ray Mcnamara
Ray McNamara
The coal seam gas industry is an important and rapidly developing sector of the Australian mining industry and the economy as a whole. This sector provides an excellent site to test the relevance of the Hotelling Valuation Principle (HVP) in explaining the market capitalisation of this industry sector. In addition, the test enabled the test of which reserve classification best explains the market capitalisation of firms in the industry.Currently, the majority of listed firms in this sector do not have positive cash flows from the sale of gas. The HVP posits that market values are a function of company reserves. …
Equity Valuation In The Coal Seam Gas Industry, Keith Duncan, Simone Kelly, Ray Mcnamara
Equity Valuation In The Coal Seam Gas Industry, Keith Duncan, Simone Kelly, Ray Mcnamara
Simone Kelly
The coal seam gas industry is an important and rapidly developing sector of the Australian mining industry and the economy as a whole. This sector provides an excellent site to test the relevance of the Hotelling Valuation Principle (HVP) in explaining the market capitalisation of this industry sector. In addition, the test enabled the test of which reserve classification best explains the market capitalisation of firms in the industry.Currently, the majority of listed firms in this sector do not have positive cash flows from the sale of gas. The HVP posits that market values are a function of company reserves. …
Equity Valuation In The Coal Seam Gas Industry, Keith Duncan, Simone Kelly, Ray Mcnamara
Equity Valuation In The Coal Seam Gas Industry, Keith Duncan, Simone Kelly, Ray Mcnamara
Keith Duncan
The coal seam gas industry is an important and rapidly developing sector of the Australian mining industry and the economy as a whole. This sector provides an excellent site to test the relevance of the Hotelling Valuation Principle (HVP) in explaining the market capitalisation of this industry sector. In addition, the test enabled the test of which reserve classification best explains the market capitalisation of firms in the industry.Currently, the majority of listed firms in this sector do not have positive cash flows from the sale of gas. The HVP posits that market values are a function of company reserves. …