GREY:PSLRF - Post by User
Comment by
Marlbankon Oct 07, 2013 1:45pm
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Post# 21796891
RE:RE:Q3
RE:RE:Q3
Moved some RE money here on the drop. Not quite the cache, but compelling value. Let's say they do 3000 bop/d in 2014, 63m shares, netback $25.00, you get 43c cashflow or 27m. That probably covers 3/4ish of 2014 Capex. The real wildcard is that netback. If WCS sticks around $70 and PXL ships 2400 bop/d by rail, well then, today's SP will look very nice indeed.