GREY:NOVUF - Post by User
Post by
TTSBon May 30, 2011 10:19pm
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Post# 18647258
way overvalued till proven otherwise
way overvalued till proven otherwiseThe 2011 capital budget is expected to generate an average production rate of approximately 2,400 boe/d for the year
you got to be joking here....this thing is trading at 100 000 $$ per flowing average barrel for 2011 of which only 2000 bopd is oil ...and they have to spend 50 million $$$ to boost only 1000 boepd...
what a pumped up on bnn stock by sprott nutalll....
way overvaued based on whole 2011 estimates....
Id rather invest in 10 000 - 14 000 bopd wells then this 50-75 boepd wells
lol what a flipping joke this valuation is...not worth a lick over .80 cents