GREY:ANGZF - Post by User
Comment by
buyloweron Oct 22, 2010 4:42pm
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Post# 17600804
RE: I'm neuteral on this company BUT
RE: I'm neuteral on this company BUTAngle has spent a large amount of money this year via debt and equity financing. As the saying goes, you need to spend money to make money. The question is did Angle get value added for the money. IMHO, they scooped assets at bargain basement prices that will continue this company's growth exponentially (oil and NGL). Time will tell. Drilling results soon. I can't see gas prices going much lower. Who wants to drill for gas at a loss?
With regards to debt, Angle needs to keep its' debt to cash flow ratio in the 1.5 range. With the current $25 million and forcasted cash flow , Angle should be in good shape.