GREY:HRTPF - Post by User
Post by
edka1on Jun 11, 2013 2:46pm
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Post# 21513663
absurd valuation
absurd valuation don't bother bashing me - i don't care. Just want to get a word out there for those who might find it interesting.
valuation entered absurd territory: market cap slightly over $300M while company has more cash than that. I know skeptics would say the money would be spent on drilling - i get that. But HRT has two more payments left from Rosneft in the next year - $400M. In March Rosneft paid 3rd payment in amount of $200M. If you studied this company you should know that TNK-BP agreed to pay $1B in 5 payments over 2.5 years.
Gas from Solimones could bring as much as $100M a year. Just cash and gas monetization should command a higher market valuation of HRT. And if they find oil in Namibia and/or Solimones? Once again - my point is that gas alone would warrant a higher market cap than today's $300M. HRT has become a value play . Good luck to longs. Cheers.