GREY:PMGLF - Post by User
Post by
Squint1on May 21, 2010 10:13am
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Post# 17121476
Current Valuation - 3.50 times cash flow
Current Valuation - 3.50 times cash flow
Assuming WTI oil at $70 over the next year, production of 53,000bbls/day, Cdn $ at $.94, cash flow per bbl should be $33.82 and cash flow pershare should be $6.62. At today’sprice of $23.16 it is trading at 3.50 times forward cash flow. Cheap enough??