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AvenEx Energy Corp AVNDF

Energy Oil & Gas E&P


GREY:AVNDF - Post by User

AvenEx Energy Corp > production is ...
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Comment by themangokidon Nov 15, 2012 7:51am
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Post# 20602824

RE: RE: production is ...

RE: RE: production is ...

true, 55% of their ffo, but I think that is also an indictment on how poorly their oil/gas operations have been as it is how well elbow river has been performing.

 

I  dont think its unfair to say these numbers are a mixed bag.  still, ffo of 5.4 million for elbow river works out to just under 10 cents a share which nearly covers the dividend by itself.  its no wonder management is (still hopefully) considering selling their oil/gas assets. 

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