RE:RE:RE:RE:RE:RE:Finally Some Good News!!Mastermind_9999 wrote: EPS is generally an irrelevant stat for many Oil and Gas producers. There are too many non-cash items, FX gains and losses, and commodity price related adjustments that make the number almost meaningless.
Cash flow is the better metric to use IMO (and any oil and gas analyst you ask).
Yes that's what we are told up here N of the border.
What you say is funny, I was responding to posts that talked about an EPS miss.
" estimates were for .16 EPS -actual was .07 for 1st Q " so I mentioned EPS.
EPS as opposed to cash flow is an interesting subject.
How does one rate a stock like a US Bakken oil (CLR) that came through today with Q1 CFPS of $3.90 for a stock that closed at $130.77 ? ...
That's quite a P/CFPS multiple and means nothing in my opinion.
When you compare this to LTS with Q1 funds flow of $0.88 closed at $7.23 ...
Could CLR be an EPS and growth story ?
With Q1 $1.23 EPS. up from $0.76 EPS.
I've noticed in the US they seem to prefer EPS, even for oils.
In the CLR news release they never once mention funds flow from operations.
They talk EPS and EBITDAX,
It took the Canadian analysts report I read to introduce funds flow from operations to the conversation.
Are we being jacked around by our so called experts ?
I think we are ....
Incidentally this $130 American stock has a book value in the $20's,
Debt of $8.58 billion with likely cash flow of $3 billion..
Not much different than LTS in my opinion.
: ))