By this time next yearProduction will be up another 30 %, debt except for the note will be paid down, about 10 % of the shares will be repurchased, hedging will be over and netbacks will grow. What is my guess as to annual cashflow ?
80 kbpd x 45 $ x 365 days / 205 million shares = $ 6.60 per share
Share price = 5 x CF = $33
Annual return = $33 / 11.21 = 294%
What say you ??
Legal disclaimer, No analysts have been harmed by making this projection. If you completely ignore me then no shareholders will have been harmed either !!