GREY:PSLRF - Post by User
Comment by
RIG500on Jul 23, 2013 11:58am
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Post# 21624607
RE:Target Raised
RE:Target RaisedI would say their target is very conservative, $0.70 is 2.0 x P/CF based on $0.35 per share in CF for 2013. That's if they produce ~2,800 boepd this year. Should WCS hold over $90 for the remainder of the year PXL will be able to reduce its debt as it cash flows more than its capex!