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Carcetti Capital Corp V.CART.H

Alternate Symbol(s):  TPNEF

Energy Oil & Gas E&P
Carcetti Capital Corp. is a Canada-based company. The Company is focused on seeking a new business opportunity.


TSXV:CART.H - Post by User

Carcetti Capital Corp > Uneducated Investors Selling KUB
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Comment by Thedondomon Mar 10, 2020 5:26pm
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Post# 30790439

RE:RE:Uneducated Investors Selling KUB

RE:RE:Uneducated Investors Selling KUBThey had $7.4 million USD in cash last quarter, company made $4 million USD between Q1-Q4 of 2018 + Q1 2019. Then natural gas prices fell in Ukraine because the government started hoarding gas in fear of a non-deal with Russia, plus warmer weather (keep in mind low prices in Ukraine are $5-6 an MCF, not like $2-3 in North America, with similar cost structures). 

So KUB is still up around $300k USD for the year. Even if they take another small hit in Q4, they are basically even and have over $9 million CAD in cash or over 3 cents a share. So buying sub 3 cents is a no brainer. If they sold their production, they would get over $20 million CAD for it because a flowing barrel of gas in Ukraine goes for $20K USD or more.


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