GREY:SDRYF - Post by User
Comment by
gonecodeon Oct 29, 2009 8:21pm
353 Views
Post# 16437298
RE: This is a tough one!
RE: This is a tough one!Short term its overvalued but long term its cheap. Does that make sense? I bought 50000 at $0.24 but don't want to sell because I know 2 years from know it will be at least a 5 bagger from where it trades now. Short term its trading at a premium considering we are only producing 700 barrels a day. Cash flow won't be good but the oil pool we are proving up is going to be huge. I think people are willing to overpay for this stock and just stash it away for awhile. We are probably trading more on our reserves that we are proving up rather than our current production.
OK!
Not wanting to sound like a broken record pumping this
BUT!!
You really need to do some math here.......................ONLY 700 BOD to SDX HMMMMMMMMM!
For a start ....
700 BOD times OHHH say $60.00 a barrel is what HMMMM! $ 42000 a day ..
Times 7 days a week 300,000 WEEK CASH FLOW!!
Times 52 weeks .....well ....somewhere arounf 15 million a year Cash flow....
Now what will they do with that Cash....................DRILL BABY DRILL....
On land they own a higher percentage of............................I LIKE THAT !!!!!!!!!!!
You did hit the nail also...................Large pool they are after ....
Geez even 10% of 40 or 50 thousand BOD can make a company profitable............
Upside is huge .......................SO OVERVALUED...
NOT ......
The market Cap is more a reflection of confidence than Current Value at this stage.
This is still in exploration mode....