GREY:PMGLF - Post by User
Post by
Squint1on May 06, 2010 9:13am
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Post# 17068518
Q1 Results
Q1 Results
Cash flow is $1.46 Cdn. per share for the quarter or $5.84 Cdn.annualized. At the closing priceof $31.40, the current price is 5.38 times cash flow for a company that producesnearly 100% oil with a cash flow of $42.11 Cdn. per bbl. Not only is that cheap but based ontheir estimate of 49,587 bopd for the month of April, current productionrepresents a 30% increase over the first quarter volume level.