Post by
caretired1 on Mar 06, 2024 7:44pm
Reserves per share
$16 per share is equal to 110% of their NPV of PDP reserves less debt.
$28 per share is their estimate of PDP + 2P reserves less debt
They will be buying as many shares as they can at the current price!
Comment by
BudFox198777777 on Mar 07, 2024 11:18am
Hope the stock stays this low so the company and myself can keep buying at this price. Lets have ourselves a 2024.
Comment by
Sinister on Mar 07, 2024 11:50am
What if it just keep going lower :)
Comment by
Moemoney42 on Mar 07, 2024 12:00pm
So far that bounce off the downdraft/over reaction this AM is reassuring that going forward with a stable crude price around $80 VET is still a good bet.. even better at the prices some got in this AM... ;-)
Comment by
Moemoney42 on Mar 07, 2024 12:05pm
Also as some mentioned here earlier, the CEI investment already at 22% would easily be a tuck in to bump up their inventory.. by that time the NG pipeline will be nearing completion and product will flow.. hopefully that should buoy NG prices going forward..