OTCPK:TLSMF - Post by User
Post by
wooduckon Apr 10, 2002 11:55am
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Post# 4989309
Some numbers
Some numbersRobtv reported that Encana is trading at 6X cash flow and most trade at 4X in Canada with the US Co. closer to ENC.
After reading TLM's annual report and all the good social work they're doing in the Sudan...some numbers stood out...
--2001 production was not as high as it could have been,but higher than 2000...2002 should show a good increase.
--2001 prices were lower than 2000, but 2002 should be higher.
2001 cash flow at 18.50/share/$64/share= 3.5
if it was 4X , share price =$74.
with production and oil/NG prices higher for 2002, and we assume TLM sells some production forward. $20 casflow is within reach( maybe a tad optimistic)
3.5 X 20=$70/share and 4 X 20 = $80.
Actually I expect substantial increases in both oil and gas from TLM.
Just food for thought.