RE: RE: Q4 results At current prices, this stock sells at $115,000 per flowing barrel. That seems high to me. It looks to me like the current price already reflects expected growth.
These oil and gas stocks are all BS. They make a dollar and then spend it later just to maintain cash flow. These wells deline rapidly. It does not take long before you are running around chsing your tail just to maintain production. Once growth slows down or stops, the stock price tanks. Sounds like a ponzi scheme to me.
Buy a CNQ or SU. 40 years of production and throwing off excess cash flow.
jmho.