07-08-2013, 11:07 PM
Everything in the stock market and valuations thereto are based off future cash flows. The highest cash flows were from EWC and FLEX but they also had the greatest risk. Or one would have to use the highest discount rate with EWC and FLEX. With the nameplate Exxon and their associated financial strength does that get partially offset with EWC/FLEX??Both FLEX and EWC are FID ready with the highest possible cash flows. Highest possible cash flows when opened and operating yields the highest possible stock price.