RE:RE:Someday this stock will turn upCOS lost cash for the first 5 months. The first three due to low prices, the next two for maintenance. With SCO $77 and nominal production of 110,000 b/d, COS is generating $30M of free cash flow every month. Note this is Free Cash Flow, I.e. Cash to pay down debt and increase divy.
Unfortunately the market and investors are not aware of this yet. The first clue will come in early July, hopefully, that production was in the range of 110,000 b/d. At the end of July, COS will issue new guidance showing that they have become free cash flow positive.
namsoc