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Carcetti Capital Corp V.CART.H

Alternate Symbol(s):  TPNEF

Carcetti Capital Corp. is a Canada-based company. The Company is focused on seeking a new business opportunity.


TSXV:CART.H - Post by User

Bullboard Posts
Comment by Bobwinson Mar 23, 2017 10:12am
103 Views
Post# 26019654

RE:RE:2016 Financials Bullet Points

RE:RE:2016 Financials Bullet PointsYou have to be careful with your P/E ratio.  Most of the great improvement in net earnings for 2016 was generated by the sale of the 50% interest in the U field in Western Ukraine.  This is a one time event and won't be repeated in 2017 so Cub will have trouble matching .01 eps in 2017.  

It was still a great improvement over 2015 but needs to be tempered by the non repeating nature of the field sale.  Of course, the big plus from the sale will come when the partner drills and connects three wells with no capital contribution from Cub.  I expect this is a 2018-19 positive catalyst.  


Bullboard Posts