TSXV:CEN.H - Post by User
Post by
Resilienceon Feb 25, 2010 1:00am
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Post# 16817996
CEN great MT opportunity
CEN great MT opportunityPpl seem to forget A-03 is down - and CEN still produces 8000 bopd and 10.000 boepd
Also Song B will have some reserves and is not a total wash.
Personally disappointed about A-04 vs initial flow. So I am not saying this is a good NR, it isn't (totally), but LT guys? Come on. Who can get me a better stock then this with 120 FD mln share float a 6 well drilling program in the next 4 months AND good chances to get to 20.000 k boepd.
At 10.000 boepd and 75 oil CEN cf around 195 mln CAD devided by 120 mln shares is free cf of 1.60 CAD per share. So we note less then 3xcf with this drill program? A buying opportunity if I ever saw one.
Take the 20 k prod which is likely in the next 6 months and this one notes 1.4 x cf.
I'll put in a stink bid yet again..
R.