GREY:LSTMF - Post by User
Post by
XKidon Sep 30, 2011 10:46pm
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Post# 19106745
kind of shocking
kind of shockingIt may be the booze but i believe i my numbers are somewhat sound.EV/BOEpbn $33,919cpg $202,989 leg $87,201 Annualized Price/CF based on previous quarterpbn 2.08cpg 9.02 leg 6.59 These numbers are ridiculous. Sure PBN has it's problems i've been in for many of them(missing guidance, running the company for pbg rather than shareholders, other disappointments). I picked it up more PBN than i should have with a swing trade in mind. The valuation is a steal assuming that everything is as it seems. Even if the company plans to cut it's dividend(I would gladly own this company at $10 with no dividend) and there are debt issues, it's still a steal. It's surprising to me all these iffy rumors that are floated in this last little while. It's a very shaky market understandably, but these some of these scheisters will likely get caught. Some rumors may be true, but more than likely is more than market manipulation and i hope these bastards get caught.Aforementioned Rumors RIM - Ditching the playbookKodak - going bankruptPBN - cutting dividend not able to roll over debtSilvercorp(or whatever it is) - FraudI am probably forgetting some, but point being i am glad to be able to pick up PBN at ev/boe of 33919 which is at about 1/3 of legacy and 1/6 of crescent point. I could be completely wrong, but unless the arse falls out of the market monday morning i think my money is safe and i will make a very acceptable amount.