GREY:TVETF - Post by User
Post by
CarlosSon Apr 07, 2018 9:21pm
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Post# 27848574
Lower Revenue per boe, Lower FFO per boe, Higher Debt Coming
Lower Revenue per boe, Lower FFO per boe, Higher Debt ComingTVL posted 5% lower revenue per boe and 10% lower Cash Flow per boe in Q4 2017 than 2017 average.
Even though in Q4 2017 TVL received $2.29/Mcf for gas and $60.65/bbl for oil!!!!!
TVL brought in less revenue and cash flow Q4 2017 even though prices were higher!
52% of their production comes from GAS. This is a GAS company.
What do you think will happen when TVL starts only getting $0.90/Mcf for their gas, which is set to happen starting next month?????? They will post even smaller Cash Flow, if any!
What do you think will happen when TVL stops drilling cause they can't afford to? Production will decline and costs will go up!!
What do you think will happen if they try and sell their "non-core" assets? They are all garbage. They don't have any properties anyone would want. Their non-core properties don't even cover the liabilities, they have NEGATIVE LMR and value!
DO NOT BUY TVL.
DO NOT LISTEN TO STOCKFY.