GREY:ARWJF - Post by User
Comment by
bob4977on Jan 19, 2013 10:57pm
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Post# 20862418
RE: RE: RE:Thomas
RE: RE: RE:Thomas Just keep in mind that as part of the 1200 bbl/day there is an equivalency of 200+ in natural gas using a factor of 6. With a price of $3.50 for nat gas that puts those BOE's at approximately $20 per barrel.
I just bought in to this stock on Friday. The market seems to take a real dislike to resource stocks the last couple of years or so. My attitude is that we will get our fair value eventually as long as the company is making money. POE is currently producing around 1200 bbl/day and is valued at $200 million market cap. In fairness these are at Brent prices but I still took some off the table there and put it in ARW.
Bob