GREY:WFREF - Post by User
Post by
Karmanowon May 27, 2015 2:23am
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Post# 23768085
Redwater changes the game
Redwater changes the gameWilwal....keep posting..this is everyones board and all perspectives are welcome...lets remember we all are wanting the same thing for LRE ... and we are entitled to our own opinion ...let readers decide what the underlying and future value of LRE is ... we still live in a democracy with freedom of speech. It would be interesting if your experts used the Co. Presentation of 3750boed for Redwater or the Annual Report of 5000boed? "Redwater will have trouble fetching $300 million which will only put a decent dent in debt but not solve the problem after the loss of income in Redwater." Well your experts would be correct if they used 3750boed x $80k per producing barrel = $300m value ... so I am confortable to use the 3750boed and allow the debt move down from $740m - $300m = $440 of debt or 2x annual earnings...puts things into perspective and reduces risks big time... Large investors are risk adverse at this point in the oil cycle and the current price risks....just thinking out loud...