GREY:ZARFF - Post by User
Post by
sculpin2on Nov 24, 2017 2:01pm
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Post# 27026869
Value at $60 WTI is $1.58
Value at $60 WTI is $1.58So here is valuation at $60 WTI where the price of oil is climbing close to today according to the Company presentation. Field level cash flow would be $21.4mm which at a 4.5 multiple of this results in a per share valuation of $1.58. So what does the CEO do - he sells 130,000 of these shares at $0.42 - must need a tax loss really badly or we need a new CEO...