RE:I'm hurting.......I see $8 in early 2024. How do I come up with this figure?
I expect production to hit 40,000 boe/d in 2024
2022: 33,000 boe/d
2023 36,000-37,000
2024 40,000
What would be the cash flow when CR produces 40,000 boe/d? It clearly depends on the pricing for oil, condensate and nat gas, but in 2022, CR is expecting CF in excess of $200M with 33,000 boe/d. With 40,000, I expect CF to be around $300M.
Nuttall feels energy names should trade at EV between 4 and 6 times Cash Flows. Let's use 5X.
EV/CF=5
EV/300M=5
EV=$1.5B
Market Cap=$1.5B - Debt (let's assume still at $300 M. Can they pay it down while increasing production? At the end of the day, they may pay it down, but let's be conservative)
Market Cap=$1.2B
$1200M/150M shares = $ 8 / share
Lots of assumptions here, but quite realistic...in early 2024.
Oasisjunior wrote: I got into crew at 0.3267 per share,,,,,,i have not sold a share and will continue to hang on to it through the winter,,, let's see where it goes..... $4.00 could be a possibility????