GREY:ARWJF - Post by User
Post by
BLUE3on Jun 25, 2012 8:54pm
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Post# 20053397
Re Anyone Beleive in 35 cents
Re Anyone Beleive in 35 cents I beleive in 15-20 cents ....Unlike the master pumper green i think a co.like arw who only made a profit of $ 2.9 million in nine months is way over valued at 35 cents ....THAT PROFIT was when wti oil price was $100.00++ I shudder to think what arw cash flow net back per boe is today.... and are planning to drill 12 new wells they better be very shallow or arw has a huge line of credit......good luck all ............................blue3