RE:RE:RE:RE:RE:RE:WOW .67/share fully dilutedStock movements day to day are hard to predict. The sell the news trader crowd is difficult to estimate. My criticism was of your take on the Q2 report. These are not just good results, Kavern, they are great. I expect this stock to move meaningfully up in the coming weeks assuming stable WTI.
For today, yes you are right about TVE.
CJ made a great run out of the pandemic and I'm sure many people like yourself made money as did everyone who stuck with oil through those difficult times. I didn't know that you had exited it.
CJ is a fine company, but the assets are not set up for the kind of growth that will be seen with other names. On the list of Canadian O&G explorers to invest in, they would be near the bottom for me. YMMV.
Best of luck with OBE. Don't forget to pick up some TVE and HWX ;)
kavern23 wrote: I said yesterday TVE would be lucky to hit 2.70 on these results and at open here TVE is up 6 cents to 2.57. Riski..you .never comment on all times I am right like this....
CJ energy has been a very profitbale stock if you know how to trade it.
riski wrote: I love this. Kavern showing up to trash on earnings release is the most bullish signal ever. He's jealous of all the shareowners in this dynamic play while he's sitting in clunkers like CJ with their aging, going nowhere assets.
Without even reading the financials, you can now be confident that they are great.
I don't know why the market left this so undervalued for so long....
kavern23 wrote: I think TVE will have to market itself as a growth and not value play....
Obsidian as an example has half enterprise value of TVE...about 750m ish and this Friday should report adjusted Funds Flow of 50-55M and free cashflow of 30M plus.
OBE really doesn't have much use for FCF other then paying off debt. Eventually they have a way out.
What is TVE strategy...remeber the market gives 2 sh8ts about production growth.
Show me the FCF....
Look at what TVE needs FCF for...debt payment, keeep funding Clearwater and Charlie Lake and also something to fund a sharebuyback or divy eventually.
They currently are doing enough to move the needle.
kavern23 wrote: I don't think this performance is near enough....
Problem is TVE is going to be compared to other energy companies.
Share outstanding is going to be an issue for TVE. F*ck is is getting bloated.
Think about it...to pay a 20 cent annual divy is going to require near 65-70 million dollars.
TVE needs to be aiming for 50-75M free cashflow quarters....
In the market with a 1 billion market cap and 500 M in debt...I think you need stellar results to really move things.
Be lucky to get this higher then 2.70 on these results.
fauxtomato wrote: It's a $300M asset impairment reversal but funds flow of $0.21 and free funds flow of $0.12 are pretty great.
The Charlie Lake and Clearwater wells are generating significant free cash flow.