GREY:WFREF - Post by User
Comment by
Reflecton May 31, 2015 4:03pm
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Post# 23782454
RE:RE:qwqw calculation
RE:RE:qwqw calculationAt approx. 600 mil per 10,000 BOE/d with the debt - CPG paid $2.85/share. Using the same math LRE is worth $7.00/share.
I've already proven market cap is a "manipulated" number & really has no meaniful application except to manipulate & distort true value. I've used SPE & RMP & can use many other companies as proof.
Another good example is Rock Energy. Front Four is involved here. Rock Energy is a tiny little company producing 5,000 BOE/d has 47.2 mil shares with amarket cap of 177.4 million. Imagine that; again only fools would believe it is worth more than LRE. Suckers are paying 3.76 a share & Front Four insiders buy at this price to keep the share price up.