TSXV:CART.H - Post by User
Comment by
Bobwinson Mar 23, 2017 10:12am
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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.