GREY:WFREF - Post by User
Post by
pppon Dec 02, 2014 11:47am
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Post# 23185738
Why Longruns days are numbered
Why Longruns days are numberedWhen evaluating a company I like to use two numbers cost of reserves and price per flowing barrel.
Example Whitecap has a value 100,000 per flowing high share price
Longrun under 30,000 low share price.
Now Whitecap our some other company takes us out at 40,000 a flowing, this would
let WCP double in size for 1.6 bil Whitecap is worth 4 bil
Total value 5.6 drops their price per flowing to 70,000
IMO we are being set up for this to happen.
I was their when Renagade was portrayed as the biggest loser out there.
Share price was destroyed. Funny thing happened Spartan took them over and all of a sudden SPE is the best thing out there, what changed most of Sparten is Renagade.
One hand washes the other in the patch and in the investment world.
So now lets look at how Sprott gets their money back from their loseing investment. Thats easy sell the company to some darling that BNN is hypeing
and watch that companys share price double because it made a smoken deal.
End of story.