GREY:DONYF - Post by User
Comment by
Tinmannon Sep 20, 2012 10:44am
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Post# 20390492
RE: Always interesting to watch the trading.....
RE: Always interesting to watch the trading..... Agreed oldsock... why trade for dimes and nickels when dollars are on the table.
$25 million will go a long way. If you assume wells are $10 million each, that's $5 million net to donnycreek. So that's 5 more wells. They tie-in 13-17 in a couple wells and the 14-30 well should be down by the end of October. Add 5 more to that.
What would this be worth at 3000 boe per day? Pick a number, divide by maybe 35 or 40 million shares max.
Any way you look at it, this is a $4-5 stock for a start.