RE:RE:RE:Beyond common sense.
So called free cash flow is almost an impossible way to value oil and gas companies. Especially small caps. You can give ten different management groups the exact same books and they can come up with 10 different free cash flow numbers. There is a grave yard full of oil companies touting free cash flow that shortly thereafter went bankrupt. I am in no way saying this one is going under. I hold a lot of shares as I think they are way undervalued.