GREY:WFREF - Post by User
Post by
qwqwon Nov 17, 2015 8:28pm
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Post# 24299216
LRE vs TBE
LRE vs TBELRE has double the production,double the debt but similar cash flow to TBE.
Why similar CF when production is double.TBE despite having half of LRE's
production has twice as much oil produciton as LRE.
LRE's finding costs are 50% higher than TBE's.Therefore cash flow required
to maintain LRE's production is almost triple that of TBE's.