RE:RE:Valuation comparison to Strip Oil & Gas PricesItems that have "bothered" investors
1. Rising Gas to oil ratio at Ante Creek
2. Although boe/d has been growing the past 3 qtrs, oil production has fallen (oil bbls/d should begin rising with infrastructure start up)
3. Lower than hoped for reserve bookings (conservative)
4. 1Q15 debt balance a bit higher than what analysts forecast for yr end 2015 (temporary, will come down)
5. Questions on inventory quality (market unclear on how many Ante Creek sections will really look like first 8 sections)
6. Shut in volumes at Kaybob
7. One of 5 companies deleted from TSX/S&P index in June 2015
8. Alberta Royalty risks (would impact all Alberta focused E&Ps but may explain some of the relative valuation spread between BC-focused and Alberta-focused)
some of the reasons for why -- but seems overblown and many of these issues will be resolved and/or impressions will change