GREY:BXEFF - Post by User
Post by
defuncton Jan 29, 2014 6:14pm
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Post# 22150244
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3rd quarter 2013 Bxe was making $5.16 on every Boe equivalent of Nat gas. Gas was $2.68. This quarter they are making $13+ per Boe nat gas. I did the math and this quarter will probably earn 90+million or around 50 cents a share. I'm holding. They are producing around 250000 mcf right now of natgas with 68000 at $4.04, some other hedges at $3.05 but all are higher than the 3rd quarter $2.68. I also compared our company with Progress and we are way undervalued at these levels. Not getting my shares at this price. GLTA