GREY:LSTMF - Post by User
Comment by
ltrabson Oct 27, 2014 12:28pm
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Post# 23064219
RE:14% Yield
RE:14% YieldThis makes no sense to me.
If I use $70 for NYMEX, and $3.50 for Gas, I see something like $42.25 netbacks.
Funds Flow... $436mn
Dividends...... $97mn
Interest ....... $ 116mn
Leaves little for drilling, 40 wells for $270mn, Cardium and Bakken only.
which because of our high depletion rates drops to 32,000 boed average
and would drop cash flow down to $390mn
Roughly $30mn credit draw and ( -$0.80 ) EPS
So, what would this mean ?