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Perpetual Energy Inc T.PMT

Alternate Symbol(s):  PMGYF

Perpetual Energy Inc. is a Canada-based oil and natural gas exploration, production and marketing company. The Company owns a diversified asset portfolio, including liquids-rich conventional natural gas assets in the deep basin of West Central Alberta, and undeveloped bitumen leases in Northern Alberta. The Company also has a portfolio of oil sands leases which have bitumen resource potential.


TSX:PMT - Post by User

Bullboard Posts
Comment by SigmaKappaon Apr 23, 2014 2:29pm
220 Views
Post# 22482604

RE:RE:RE:100,000 buy order at 1.75

RE:RE:RE:100,000 buy order at 1.75
April presentation says NG production is 90.3mmcf/d, assume thats flat Q1 2014 vs Q1 2013. Natural declines offset by Edson drills.

So it really comes down to changes in price. I think it woul dbe fair to say $1GJ change from this time last year, so about $6 per boe netback. Royalties will be up but not my much, opex should be flat.

90.3x1000/6 = ~15,050 boe/d from gas x $6 x (31+28+31 days) = ~$8MM in additional cash flow for 2 months of production. My guess is that is a bit low and additional cash flow for Q1 is about 10-12MM.
Bullboard Posts