GREY:TBTEF - Post by User
Post by
PartlyCloudyon Jul 02, 2014 10:32pm
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Post# 22711650
There sure is a lot of good news right now...
There sure is a lot of good news right now...
1) We have a private placement, which basically is a mass insider buy (looking at the huge blocks today, I wonder if a lot of that didn't already happen, though I don't know beans about trading as I'm a buy and hold, value guy)
2) A considerable increase in drilling, most of it directed toward medium gravity, higher netback horizontal wells (the 12 licenses issued just last week were for a Cummings pool)
3) Management is actually giving analysists ROAD TRIPS these days.
4) What are likely conservative IP3 estimates for the Sparky formation as Surge is producing almost 200 barrels a day on acreage that is literally right next to our Provost acreage (literally).
5) A very good chance of material reserves increases at the end of the year.
6) A freakish REIT-like dividend that is certainly safe through 2014 (hell, might as well park your free cash in this just for that)
7) Likely 10 to 20 million free cash flow upside as WTI prices may average 10 to 15 bucks higher than the company's estimates (thanks PM).
8) Management will sell their kids to gypsies to avoid another production disappointment.
Anything else?