GREY:CLLZF - Post by User
Comment by
strzelinon Jun 26, 2008 1:31am
513 Views
Post# 15230679
RE: This's what you'll see in August $$$$$$$
RE: This's what you'll see in August $$$$$$$I commend you for your effort.
Not very many posters attempt to estimate CLL future cash flow or earnings if you can distinguish the difference.
Unfortunately all your numbers are wrong including the CLL Q2 Average Weighted realized bitumen price , Alberta NGX Natural gas price ,Conventional oil price and sold volume.
Skipping the boring numbers and calculations the CLL Q2 cash flow will be 20 to 24 cents per share depends on hedge loses for NG and exchange rate apply to refining margins. This will be slightly better then analysts estimate (Look latest RBC report) which may have positive effect on the CLL SP. (6 to 8 X annual cash flow).
Earnings are much more difficult to estimate . They will depend on the reporting strategy apply by CLL accounting department (DD&A ,interest expenses and income tax). My best estimate is 5 to 12 cents per share. The earnings should not effect the CLL SP. Cash flow is the KING in this sector.
JUREK