Post by
Mrigs on Jan 15, 2009 12:06pm
Called the company
I called the company and they sent me a PDF which states their expectations of a hundred million in profit from durango this year. 100000000 dollars / 132000000 shares = .76 cents min share price. Factor in the extra drilling this year we will have an easy double (hopeful triple) at the current prices....
Buy or hold :)
Anyone else see that 950000 block bought this morning????
Comment by
mikerosoft666 on Jan 15, 2009 6:25pm
Didn't see it but always like it when house cleaning is starting on a good story stock who is generating cash...
Comment by
dirac on Jan 23, 2009 4:57am
Can you post the message ?they say the 2009 profit will be 100mio but the latest presentation speaks of a cash flow of 69mio, this is confuising no?
Comment by
Bigbadoil on Jan 23, 2009 12:29pm
The presentation is in USD. BUK are Canuck and report in C$.They assume a lower price in the presentation. Spot gas prices have been as high as $10 permmbtu recently.Bigbadun'