RE:RE:RE:RE:I took a bit of Desjardines view of CR
Am I missing something?
Are these boards just exchanging enthusiams and too much self serving?
The Desjardins analyst has a hold recommendation since the stock hit multi years lows, when he had 'buy' recommendations before. He now wants to wait until Dec. 10 before making any changes.
Raymond James has a sell recommendation on the stock.
Lucky11 sold his shares 1 week before Dec. 10 because the stock is not moving. He sold in the high 30s before that.
Again, maybe I am missing something, but based on the drillings taking place, this is what I see for 2021:
- Production at least 35,000 boe/d
- Adjusted fund flows beyond $100 M/year
- Positive Free cash flows, with FCF yield in excess of 50%
- The question is did they sell something to fund the drillings? One would think so.
If this is the case, risk of bakruptcy disappears for the ones who had doubts. The D/CF metrics start to look more like industry averages.
Obvisouly, the sellers are not in agreement with me, but what do they see?
The stock price has not discounted any potential positive news since it has only moved with the industry average.