Q3 results
.04 cashflow for Q3 and .09 for 9 months. Forward annualized cashflow of .16 compared to current price of .04. Is this mispriced or WHAT!!!!!!! That's a forward price to cashflow ratio of 1/4. Never seen one that low. Assume this stock should be selling for 1 to 2 times cashflow because of the crummy market. That's .16 to .32 or 4 to 8 times the current share price. If it was priced at 2006 levels, we should be at .48.
Guardian doesn't trade much so likely won't get a lot of attention but this is cheap! Bobwins
TSX.V:GX
CALGARY, Nov. 25 /CNW/ - Guardian Exploration Inc. (TSX.V-GX) ("Guardian") has filed with Canadian securities regulatory authorities its unaudited consolidated financial statements for the three and nine month periods ended September 30, 2008 and the accompanying management's discussion and analysis (MD&A). These filings are available in their entirety on the SEDAR website at
www.sedar.com.
A summary of the key comparative operating results for Guardian is as follows:
------------------------------------------------------------------------- Three Months Ended Nine Months Ended September 30 September 30 2008 2007 2008 2007 $ $ $ $ ------------------------------------------------------------------------- Petroleum and natural gas revenue, before royalties 2,220,965 - 4,979,033 90,277 Funds flow from (used in) operations 1,542,499 (363,044) 3,141,155 (1,012,885) - Per share 0.04 (0.02) 0.09 (0.05) Net income 947,256 1,225,663 2,305,563 208,060 - Per share 0.02 0.06 0.07 0.01 ------------------------------------------------------------------------- ------------------------------------------------------------------------- ------------------------------------------------------------------------- Production (boe/day) 232 - 180 9 ------------------------------------------------------------------------- ------------------------------------------------------------------------- About Guardian Exploration Inc. ------------------------------- Guardian Exploration Inc. is an Alberta-based oil and natural gas company.Guardian is engaged in the exploration for, and the acquisition, developmentand production of, natural gas and crude oil with emphasis on the shallow tomid-depth hydrocarbon rich zones of Canada's Western Sedimentary Basinfocusing on Alberta, northeastern British Columbia and Montana. The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this news release.
For further information
www.guardianex.com or contact: David Fry, Investor Relations, (604) 970-6980