RE:RE:Do beat me up....lolWhat are the cheaper companies out there?
That partly answers why CJ prob got pushed to 5.50....isn't many "good" companies left Canada in the junior to intermediate space. CJ has developed a strong Retail following...which means any good news will be priced in.
Difference between good company and good and cheap company.
CJ is a great company in that it is financialy secure right now and not many in the junior and intermediate space are. Money has followed to it.
But look at the price history...at 5.50 CJ was at the highest since April 2017....was that really supposed to last at this point in the cyle.
GoldenArm wrote: Got some questions for you.
20500 boe/day vs 22000boe/day The difference is $0.69 per barrel $10.69 vs $10.00 in exensive. This is what has your panties in a bunch. 10.69/80 = 13.3% and 10.00/80.00 = 12.5% Difference of 0.8% exploration cost. Now if they go buy a company how much would that cost in BOE?
What are the cheaper companies out there? This one is trading at multiple of less than 3 based on trailing 12 month earnings.