GREY:PSLRF - Post by User
Comment by
RIG500on Jan 30, 2013 4:43pm
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Post# 20914087
RE: RE: Cheap valuation ?
RE: RE: Cheap valuation ? WCS pricing at $64 and change...discount should shrink with new refinery demand coming online mid-2013.
2013 Scenario: avg production 3,200 boed 98% hvy oil
realized price of $60/bopd & $22 per barrel opex > profit $16/boe or $18M in CF
the company would CF ~$0.30/sh so right now we're trading at 2x CF.
How much will hvy oil prices recover in H2-13? that's the key here...