Prices way to Cheap, President needs to Go....If you took the Q3 prices and ran the Q4 production results though it you would have a totally better CF picture. I think it really cheap but still don;t like the management communication and their ability to instill confidence in shareholders.
Little is said about the 250 million plus that squandered on a gas plant that the president said it will take a year for them to figure out what their plan for it is, that is totally and utterly stupid management.
Also with their extra capacity to U.S. markets they should be making money ot AECO differential filling that capacity, their needs to be more dicipline in the gas marketing. I would like to see more revenue from their gas marketing group.
Producing 215 thousand boe a day in Q4 with a 7 well pad completed and just ready to turn on, they should not have issues with declines, and price has alway been over 50 dollars, the forecast is stupid in my opinion, and is set up for be management perks not shareholder value.
The share buybacks are timely, i think they have too much resouce and in mining if you have more than a 25 year resource is has not value, their resource has no value and pissing around with dileniation, they needs a way to monetize and develop the resource through strategic business thinking, i don't think it exists in this management team.
IMHO