RE: RE: RE: RE: RE: RE: RE: New Mid Term High
No the estimate of $1.00 cash flow is correct for 2013. I love the confidence of their latest release. They are in a great position having grabbed a ton of prospective land, I think PBN will want to buy them out. However forgetting the takeout potential they can grow cash flow at a rapid pace organically with very good management.
From their latest release:
"Outlook
With a growing cash flow and production base as we near our 3,500 boe/d 2012 exit target, a very
healthy balance sheet, a significant drilling inventory and operational presence in two high netback light
oil resource plays, evolving technical improvements to our drilling and completion programs, steadily
improving capital efficiencies and decreasing operating costs, TriOil has established a strong growth platform for 2013 and beyond."