OTCPK:MAUXF - Post by User
Comment by
mat_hogon Feb 14, 2011 2:20pm
464 Views
Post# 18130446
RE: Well done Mart
RE: Well done Mart"Based upon our now actual known production of 8533 bopd, and current Bonny Light price for week
of Feb.4/11 of $102.21 and our current share price of
.68, we are trading at a cash flow multiple of 1.9."
I think 1.9 is low if you subtract the 1750 bopd (320,000 they owe by end of June) and until they get the pipeline issues worked out, we will not see better multiples. I do have a question since they owe for oil sold much cheaper than now do they have to show a hedging loss on the 320,000 bbl?