GREY:PENFF - Post by User
Comment by
wintersun10on Aug 16, 2012 1:02pm
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Post# 20225287
RE: production est
RE: production est so then that leads to a valuation: CQE trades at 7.5 times operating netback.
1.4 mln op netback * 7.5 = 10.5 mln
shares out is 68 mln
valuation per share = 10.5 mln / 68 mln shares = $ 0.1544 per share....
based on a rising price for nat gas 15c should be rock bottom value, then
if you add a well or two PEN's value should go up substantially over time.