GREY:QEXXF - Post by User
Comment by
InvestLargeCon Dec 03, 2014 6:59am
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Post# 23189054
RE:You only have to see these numbers!
RE:You only have to see these numbers! What matters to me is that fact that the company continues making money while having a very strong balance sheet, low key metrics and a low net debt to EBITDA ratio.
Given that QXP wants to maintain a very strong balance sheet, it is conservative and wants to drill the oily wells at Wood Mountain (Saskatchewan) and McMullen (Alberta) when the oil price rises from the current levels. I think, this is why, it will drill them in Q1 2015 pushing the 2,500 boepd production target in 2015.