GREY:LSTMF - Post by User
Post by
chantal2468on May 22, 2015 2:01pm
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Post# 23755197
my calculations show that we need $52 netback to stop
my calculations show that we need $52 netback to stopshrinking...since we must essentially operate within cash flow that means 95 drilled wells per year split evenly between cardium and bakken...since there is little chance of that happening in the next 2 years that means there is little chance of our shares getting above $2.50 in next 2 years.Our one and only way to get above $4 now is an asset/company sale.So I think we better all accept this fact that this is our share price for the next 2 years with small increases as oil rises.I am no longer under the delusion that we will snap out of this quickly.