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Invicta Energy Corp V.VCA



TSXV:VCA - Post by User

Comment by mooremanon Jan 10, 2013 9:13pm
281 Views
Post# 20823524

RE: RE: RE: RE: NICE INVENTORY OF WELLS

RE: RE: RE: RE: NICE INVENTORY OF WELLS

I agree, chucker.  This recent movement towards a new 52 week high is in advance of some positive fundamental developments.  It's been a nice, steady advancement in share price since June-July.  As we longs are already aware, the projected 2013 cash flow  of 0.16 / share equates to a share price of 0.48 - 0.64 when applying modest price to cash flow multiples of 3-4.  The next few weeks should prove to be interesting for VCA holders.

 

Have a good night.
 

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