GREY:ZARFF - Post by User
Post by
pablo87on Apr 24, 2018 5:24pm
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Post# 27934601
Q1 expectations and hopes
Q1 expectations and hopesIm expecting good results due to higher oil prices. Im expecting the edmonton asset to close but wont be for much I dont think.. im not expecting any other transactions as wcs hasn't moved up long enough to impact positivrly asset prices.
Im hoping for (but not holding my breath) a modified vp payplan so they stop getting shares from treasury and selling into the market; share buyback aka NCIB as its long overdue; and some redeployment of capital to drilling the best remaining assets from maintaining lower roi assets aka "plumbing and chemicals"
there are only 32M shares.. $6.4M improvement (one time or annualized) equates to 20 cents a share. Factoring royalties and gas going lower, equivalent is ~+$10 oil price. We are well past that on both WCS and LSB year over year (go to oilprice.com use charts deselect wti, select wcs or light sour blend, keep in mind those prices in us$, zargon reports in c$)).