TSXV:WEE.H - Post by User
Comment by
BenVest99on Dec 03, 2009 8:07pm
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Post# 16552535
RE: RE: Jim Letourneau- Presentation
RE: RE: Jim Letourneau- PresentationYes, it looks like these are Encana results.
If I read the chart correctly, the 3 Powerwave tools have increased production by about 70 bopd. I heard recently that Canadian oil trusts were being taken over lately at a valuation of $100,000 per bopd in production. This could mean that Encana would have increased its valuation by $7 million just by putting 3 Powerwave tools in the ground. There are probably other factors to take into consideration to put a $100,000 value to a bopd of production, but the it just shows the potential impact that Powerwave can have on the valuation of a company. Looks like a pretty good return if you add the revenues they got from the additional oil produced.