Post by
Frank007 on Apr 17, 2024 7:05am
This is insane ….!
I have my calculator out this morning ....this is what it adds up to ....Frontera produces 42,000 bopd X90 us$ ..X 1.42 to convert to Can$ ....this company right now is grossing 2 Bilion $ per year.....net backs works out to about $6.50 per share ...for an $8 stock ....now that's insane to my reckoning .....any one else have a calculator ......the $40 value is to me very low ........
Comment by
Kelvin on Apr 17, 2024 11:22am
$6.50 netback per share is very impressive! Note that netback means selling price minus operating costs and tax royalties. So that's money that could be used to pay dividends. Or have I got that right?
Comment by
Frank007 on Apr 17, 2024 4:14pm
I know what net backs mean ....the free cash flow now is huge ....like Kcac indicated I think the next div will be a big special dividend ....no other buyers but me I guess ...maybe shedrill ...sure no volume of trades ...some ncib I can spot ...that's it ...good luck ...to all ...
Comment by
Frank007 on Apr 17, 2024 4:07pm
Yup ...bought more fec with the dividends.....hard to believe ....I went over the financial again last night ...and nothing jumps out to scare me ...they have even won ever law suit in Colombia ..or made a deal to settle ....even with ecopetrol .....I think we are in fine shape here ...but sure are not any other buyers ..lol ......break up value has to be into $50us at a minimum ....
Comment by
Frank007 on Apr 17, 2024 4:24pm
I,m not buying anymore cgx ....just frontera ....the value is there ...after re reading the year end financials last night .....I still say the value is in excess of $50 breakup value and as a going concerned probably a little less ..but if a good farm in happens for Guyana ...could be $100 .....