GREY:ARWJF - Post by User
Post by
cgiffinon May 21, 2014 12:47pm
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Post# 22582919
Perplexed here............
Perplexed here............I've been a frustrated shareholder too...........own a great deal of this in my discretionary account. However, even given what i feel have been letdowns in terms of production guidance and timeline for Kerrobert, debt paydown, etc........this HAS TO BE asininely cheap at this level? I own it on the pink sheets........currently $0.2075............and oil is now over $104 a barrel........we are producing roughly 550boe a day conservatively, have a very good balance sheet.......have great netbacks.....its conventional oil and it's damn near 100% oil............we have some assets that could be divested(peace river/worsely) to improve balance sheet and/or ramp up drilling or to help acquire more land.........and we are somewhat close(we hope) to begin drilling what could potentially increase company-wide production 4-5x in the next few years.............and yet we are near 52 week and all-time lows? What gives? How can we get analyst/institution/brokerage coverage??