GREY:CNKEF - Post by User
Comment by
bigreturn11on Apr 03, 2016 12:12am
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Post# 24724783
RE:Invest 99
RE:Invest 99 Why?
- Extremely high production from wells in newly developed fields. Opportunity to grow production as fast as they want when a safer economic environment presents opportunities. Wells are low decline properties.
- Potential take out target by one of the big players on adjacent properties.
- Excellent land packages.
- No debt.
- $30 million in cash.
- Balanced between gas, liquids and condensate. Primarily gas focussed.
- Trading at an enterprise value of $15k per flowing barrel.
- Compressor stations bought and paid for with enough capacity for short term growth and adaptable to much higher volumes with easy plant modifications.
- Great management.
- Review the last corporate presentation or a recent investor presentation from YouTube. These guys know what they are doing.