TSXV:CART.H - Post by User
Comment by
Thedondomon Jun 04, 2020 11:33am
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Post# 31111721
RE:Cub
RE:Cub Company had $6.2 million USD in cash as per the end of March. When you deduct the cost of the engines, there's still a few cents a share just in cash value. The RK field has had no value since 2016 and adding it as a producing asset will change the dynamics of the company, plus diversify KUB as a utility play. After that, add in the 2 free JV west wells still to drill, and we know they'll happen because NAFTA is going deep into Ukraine in terms of investment. Then we have our other JV partner in the East that wants to recomplete other wells. So trading at 3 or less is a gift to those that have read and understood the balance sheet + MD&A. I see us back over 10 cents by early 2021.