OTCPK:BLKPF - Post by User
Comment by
REAPERon Feb 16, 2011 5:03pm
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Post# 18146125
RE: RE: RE: RE: Results
RE: RE: RE: RE: ResultsNot a bash just an observation that would welcome some feedback;
Feb.16/11 PXX market Cap is $2,316,000,000 production 7300boe/d of heavy oil Share price $8.49 therefore today PXX is getting value for each producing bbl at $317,260.00 per flowing bbl. Does everyone agrree with that? IF Blackrod in 10 years works and can sustain commercial production of 30,000 bbls/d and IFOnion Lake production reaches 10,000 bbls per day and IF mooney can sustain 10,000 bbls per day as is being reported by PXX and supported by all the analists then doesnt PXX have to add 43000 bbls/d just to support a heavy oil flowing bbl price of $46,000 per flowing bbl which is a good price for heavy oil at these current oil prices. Market cap $2,316,000,000 divided by the future 50,000 bbl target = $46,300.00 per flowing bbl. Isn't PXX fully valued at todays share price for a 50,000 bbl company except they have to find another 43000 bbls to get to these metrics. That being said way to go JF and your team to getting the share price to this level with only 7300 bbls of heavy oil production. What am I missing here?