PINL:OROCF - Post by User
Comment by
cristoon Sep 07, 2001 1:27pm
696 Views
Post# 4175448
RE: Watch out....
RE: Watch out....Right on Floppy (hope you don't mind the abbreviation). You know, if you've got the money lying around, you could just put it in the bank for about 2%. Seems to me that ORL's diligence revealed a unique opportunity to put some uncommitted funds to work for them in a more advantageous way. What's the gain so far? around $600k? Versus interest income of what...about $6,000? I don't understand all the concern. |||||||Is this an O & G co or not?||||||| Please...enough already. It is what it is. The simple fact that all these complainers are overlooking is that the focus is on making money. What the company has done or hasn't done is what it decided would achieve that objective. Agree or disagree - OK. People can hold, buy or sell depending on their feelings about this. Personally, I embrace and welcome creativity especially when it delivers as this decision appears to.
About the bottom line and Coalinga 1-1's influence on it...gee, I figure at today's price with a NRI of 14.5%, this well should provide about $1 million US net to ORL per annum. That's about 10 or 11 cents CDN per share FULLY DILUTED. So worst case scenario is a factor of 15 (15 wells on this zone alone and not including oil revenue). That's $1.50 to $1.65 CDN per share net income. That's a multiple of 3 times - income/price ratio that is :).
I think this stock is a phenomenal buy and the nay sayers here know it. Wouldn't it be nice to accumulate as much as possible at these prices or lower?