Question: The table below provides the PE ratio for a selection of international oil companies. Exxon Mobil 12.71 Royal Dutch Shell 10.54 ConocoPhilips 12.1 Chevron 10.49

The table below provides the PE ratio for a selection of international oil companies.

Exxon Mobil	12.71
Royal Dutch Shell	10.54
ConocoPhilips	12.1
Chevron	10.49
Statoil	11.73

A new American company, OilOptimist, will be listed on the New York Stock Exchange from 1.1.2014. In 2012, the company had a profit of 11 dollars per share. Use relative valuation to estimate the price per share for OilOptimist.

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