Netback ????Please review first quarter news release page 7 under the paragraph "FINANCIAL RESULT" . Find enclosed a copy here:
The increase in operating netback was primarily driven by higher oil and gas prices. Anderson’s operating netback for Cardium properties in the first quarter of 2014 was $60.30 per BOE as compared to $39.54 per BOE in the fourth quarter of 2013 ($38.55 per BOE adjusted for properties sold in the fourth quarter of 2013), exclusive of hedging.
Maybe I stand corrected but AXL's management has been pretty conservative in their guidance and news releases and I believe what I read in the release, so if you have new information that is contrarian to what the news release is saying, please provide it to me. I would gladly retract what the netback value of $60.30 mentioned. As far as the $100k value per BOE, I admit it is arguable but they were getting $78k per BOE last fall for production that was 50 percent less in netback, So in my calculation of $100k is very simple we have a 50 percent increase in netback therefore I used a 25 percent increase in value per BOE wich equals to $97.5k per BOE so I rounded the $97.5K to $100k. I am long on this stock and I believe in facts, so if you would be kind enough to provide me the right information debating that AXL is not getting a netback of $60.30 from their new 2014 production, I will maintain my stand on $60.30 netback for new production.
Regards,
Fearlessgg