RE:RE:Dry Hole?Disappointing for sure.
We will have to grit our teeth and bear it until the next update.
Plugging in the lastest numbers, with WTI just under $US 94.00, and the spread between WTI and Edtn Sweet at $5 (yesterday's figure), I am still looking at the following ($Cdn):
2014 YE Risked NAV - $7.92
2014 Cash Flow - $156M
2014 YE Debt/Cash Flow - 0.68
EV/DACF - 4.65
Capital Cost/Boepd New Production - $29.5k
Too lazy to calculate the netbacks, but they continue to be superb.
Does anyone know what the blackout period is for executives prior to an announcement? I believe it is 30 days. So surely we should start seeing some insider buying soon.
Larsen6