GREY:WFREF - Post by User
Post by
Froyalmac09on Apr 17, 2015 1:59pm
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Post# 23641346
Just looking at Numbers
Just looking at NumbersCompany has enterprise value of $780 M and has daily production of 33,000.
This equates to a value per barrel of $24,000. Is this not dirt cheap even with oil at $70 CAD a barrel?
They should generate $200 M free cashflow, which would indicate that based on Market Cap is less than 1 times and on debt level 3 to 1 based on current price.
I wonder also if they can sell a royalty stream similar to PWT. I would think that this company would be less risky to the royalty company than PWT.
I must be missing something.