GREY:CHTYF - Post by User
Post by
naga00on May 24, 2012 12:37am
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Post# 19940495
earning are out! very impressive
earning are out! very impressive anticipates exit rate of over 3600 boepd for 2012 and - with a market cap of only 60 million or so - is worth much more than the current 1.20- should see upgrades and buys on thursday! very good report and looks to improve during the next 6 months- results would have been better-was unable to tie in 1 well and some other minor problems- still end q1 with 2800 boepd-- p1+p2 around 11 mmboe if we value @ $20.00=$220 million-- today's market cap of around $55 million ( based upon 45 million shares)
stock worth $2.50 today and when they reach 3,600 boepd stock should be worth $4.50
terrible market , shell shock investors, tubing oil prices for now all yield a severely undervalued oil play- will be add more on thursday