RE: 4th quarter results should suck Quote from last PR :
"The Company forecasts net debt to total approximately $38.0 million at December 31, 2012, and fourth quarter debt to annualized funds flow from operating activities is forecast to be in the range of 1.6 to 1.8 times."
My interpretation of the data is the following :
Q4 funds flow from operations (best case) : 38M/1.6 = 23.75M => 23.75/4 = 5,94M$ = 0.1$ / share
Q4 funds flow from operations (worst case) : 38M/1.8 = 21.11M => 21.11/4 = 5.28M$ = 0.09$ / share
Assuming my maths are right, Q4 results should be great ! Don't forget Palliser has hedged quite a substantial amount of their Q4 and Q1-2013 production :
From Q3 results PR : "To reduce cash flow risk from commodity price volatility, we have hedged approximately 50% of budgeted production volumes for the fourth quarter of 2012, and comparable volumes have also been hedged for the first half of 2013. These hedged volumes are at prices in the range of $15-$20/bbl higher than current market prices, which provides the Company with greater cash flow support to offset potentially weaker commodity prices."
This is my interpretation of the data and my opinion. Always do your own due diligence before investing. Good luck to all !