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Granite Oil Corp GXOCF

Granite Oil Corp is a Canada-based oil producer based in Calgary, Alberta with lands and operations located in southern Alberta. The company is engaged in the exploration for and exploitation, development, and production of oil and natural gas. Its Alberta Bakken Properties are located in southern Alberta at the south of Lethbridge.


OTCQX:GXOCF - Post by User

Bullboard Posts
Comment by micromegaon Oct 18, 2012 2:00am
219 Views
Post# 20496742

RE: NOT A BIBLE........

RE: NOT A BIBLE........

1)  I  do  not  pump  anything....read  my  posts  carefully. I   write  in  more  than  20   boards   for  quite  different   stocks  other  than  SCS   of   course.

2)   So  you  IGNORE   the    $$$$$/boepd    valuation   AND    the   CAP/FFO     valuation     AND    the   EV/FFO     valuation    which    all     3      are   not  favoring   DTX   vs   SCS......

and   you  want   to  focus  on   ONLY  ONE   metric,  the  debt....ok

DTX   and   SCS  have   the   SAME    quarterly    funds   from  operations  in  Q2   2012...Both   is   around  $9-10  M......Read  Q2  2012  reports   for   both  again.

DTX    has  a  long  term  debt  of  $65M  by  year  end   as  the  company  says....

SCS   has   a  long  term  debt   of  $105M    by  year  end   as  the  compamny  says......

 

DTX   has  the  debt/FFO   ratio   =  1,1

SCS   has  the   debt/FFO   ratio=  2,2

If   you  have   any  idea  about  how  to evaluate  energy  companies,  a  ratio  of  2   is  DECENT  and   OK.

The   gassy   CLT,  just  sold  to  XOM at  a  hefty  valuation  of   100,000  $/boepd  (77%   nat  gas!!!),    has  a  ratio   of  3+    and   ARN   has  this  ratio  at   4+    ! 

Bullboard Posts