RE:RE:RE:follow the smart money Sugaree wrote: Your July 7, 2021 call of $12-$15 once we get the updated yearly PDP reserves looks like it will be real close. On a side note, we closed at $3.85 that day. Great call.
Oh man, next week is going to be extremly entertaining!!
Oldnagger wrote: The smart money is right here , on this board !! Eric Nuttal bless his soul will always bring attention our way. But he is much less attuned to what is happening here. Join us and help ferret out info related to NVA . Time well spent !!
If it turns out I am right , it is mostly for the wrong reasons, as I was counting on a multiple expansion more than a cash flow expansion . Of course, the beauty of reserves value calculations is that they are all essentially done at the same multiple which is 10 (based on a 10% NPV discount rate)
So if , as I feel , the PDP and other reserve volumes are substantially higher than last year and if , as stated
, future drilling costs are way down. Then we should be looking for much higher reserves values than I previously guesstimated. How much ? Knowing that a watched kettle never boils, I will hold off for now LOL,!!