RE:RE:RE:Metrics per shareActually, it was even lower at the time of the Ranger announcement in Feb, 2023: $5.65.
There was a confidence problem before the Ranger acquisition, but plenty of that was the market's reduced confidence in energy.
riski wrote: The share price was in the low 6s at the time of the Ranger acquisition. Misquoting/exaggerating weakens your comment.
Kelvin wrote: That's why I'm focussed in on their all-in break even costs per barrel at Eagle Ford. They could be producing the same given amount of oil at Eagle Ford per day at the same wti but really increase operating income by reducing their break-even costs. In Canada they're doing great with very low break even costs. I'll have to check the numbers again but, if memory serves, the break even costs were in the mid 20s Canadian per barrel royaltues included. Thrir sp was over $8 before the Ranger acquisition. What has changed? Anyway let's see what the Q2 report says. If they're on a reliable trajectory to reduce break-even costs even more than the reported 40 to 45 USD per barrel then I can see the sp going up to $6, at least.