GREY:WFREF - Post by User
Post by
soundandfuryon May 07, 2015 8:50am
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Post# 23703217
re:45 million in cap ex in q1
re:45 million in cap ex in q1It is probably a good idea to spend most of 2015 cap ex in q1 and q2. That way you can reap the rewards of the money spent in the later part of the year. With cash flow in 2015 around 200 million, they are spending 50 percent of cash flow on cap ex. This seems quite high considering they are trying to sell assets unless they are trying to build up the production for a sale of the company. It would appear that this company is a cherry that is ripe for the picking by a bigger fish......................lre production and reserves are probably worth around 3 billoin dollars.