GREY:CNKEF - Post by User
Post by
templetoothon Aug 15, 2017 10:49pm
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Post# 26585975
Ikkuma metrics
Ikkuma metrics
Like everyone else, I am bewildered by the crazy low metrics of this deal: $1.01 per PDP boe and $2369 per daily boe.
Either IKM is the luckiest, most astute player in the oilpatch, or there is something drastically wrong with this picture.
If you believe the former, you should buy IKM up to $1 or more per share. Be my guest.
I have long been guilty of putting too much faith in the value estimates of consulting reservoir engineers. On the other hand, to suggest that Montney producers ought to be thrown away at 17 cents per proved developed mcf is too much.