RE:RE:RE:Kramer and KavernHopefully it opens this way...wti is up 2.16 right in overnight trading. And NG is continuing to tank...down 20 cents...the shorts are piling into NG. Could be a long as soon as Friday.
Be nice if this can rip back to 4.70 plus in the morning....just ride out the negative buying power until reset.
Kramer you are smarter lol then me by diversifying into other thing like Joy on new buys.
I considered ripping 30000 shares of YGR or some Total energy instead of more OBE yesterday just to give some diversification for margin calls. Total was still 5.38 when I bought OBE yesterday. and then like 30 mins later total was 5.25. I would have done total instead if it would have been 5.25 earlier. oh well. was a steal as well at 5.25.
But anytime OBE hits close to 4.50, greed kicks in, I have to try get more.
RJ does a good write up but their tables don't make sense.
I disagree with their 2022 production numbers. Prop is going to produce more in 2022 per day then in 2021. And the cardium shouldnt delcine in 2022.
RJ is using 27.8 for 2022...
They also have a funky way of showing free cashflow in 2021. They are showing us at 38M free cashflow of 2021 as they are saying we spent 37m on acquisations. The Prop buy shouldnt be minused against cashflow as the cash to buy PROP was from issuing more shares in a financing and a bank loan...PROP wasnt funded through 2021 CF like RJ is showing in that table with a 38M FCF number for 2021.
So Obe looks worse on the EV Cashflow ratio.
But their clearwater write up is good to read for sure.
Kramerkarma wrote: kavern23 wrote: Thanks but I should have read it before doing that debt analysis post...hope my numbers are right
Tim14235 wrote: your inbox has a gift
LMAO I didn't know there was a PM box on stockhouse ! That's why I was trying to get Kavern on Twitter lol too funny. I saw it tho. I'm excited to see our Clearwater wells.