GREY:CNKEF - Post by User
Post by
George98on Feb 23, 2017 3:02am
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Post# 25881364
To Profittaker1 about LXE, DEE and the NEW CKE
To Profittaker1 about LXE, DEE and the NEW CKEProfittaker,
With all due respect, you obviously have no idea about LXE's and DEE's wells and how much GASSY their results are. And it's clear that you have not checked the gas part of their wells.
fyi, LXE's Montney wells are MORE GASSY than CKE's. Read the quarterly report.
fyi, LXE now trades for about C$100,000 per boepd.
BBI trades for more than C$120,000 per boepd although it has ZERO proven production to-date.
DEE with C$380 million Enterprise Value and LEVERAGE above 2 times trades for about 40,000 per boepd based on its current production.
while the NEW CKE, the pure Montney play with ZERO DEBT, C$25 million CASH and just C$65 million Enterprise Value trades for just C$12,000 per boepd, based on March production of 5,300 boepd.
Do the math next time, my friend. And learn to buy low sell high. Buy low sell high.