Recent Postsrrobbie, pylan
From reading your posts, our thoughts seem to be similar.
pylan,
you mention Canadian 88's bid for gas and the more than likely possibility of Probe selling the whole Co. and I was wondering where this came from ?
rrobbie,
Good last post.I have a story that is too long and painfull to go into now but I will say it involes Peter Linder ( I no longer deal with CIBC Wood Gundy). Needless to say I agree with your comments on analysts and reporters.
What is your take on the house positions you posted?
polisci,
Your post of globe article makes reference to 140 million debt being 6 times cash flow, 140 divided by 6 = 23.3 million cash flow. Where does this number come from?
My take on cash flow is 8000 boe/d x$20=$160,000/d x 30=$4.8 million/mo.x12=$57.6 million/yr.What have I missed?
July 14 news release states that at that time the debt was 134.3 million which was being reduced with current cash flow which has been positively affected by recent increases in commodity prices. As outsiders we never have enough information to make accurate assesments but I feel that the report due out in the next week will be more positive than most people realize.
All comments welcome.
Luck All!!!
pax