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Bullboard - Stock Discussion Forum AvenEx Energy Corp AVNDF

GREY:AVNDF - Post Discussion

AvenEx Energy Corp > production is ...
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Post by themangokid on Nov 14, 2012 11:08pm

production is ...

...horrible. brutal.  thankfully elbow  river is moving along  nicely but its still small only generating funds from operations of 5.4 million.  on the positive, the 4th quarter will be the first where they'll have had their new rail handling facility for the full quarter.  also this facility is being upgraded and expanded to benefit increasing demand if needed.

 

disappointed management didn't offer any additional insight into the oil/gas asset review.  they only served up one sentence and that seemed more vague than insightful.

 

anyway, my thoughts. looks forward to hearing other opinions.

Comment by billfox54 on Nov 15, 2012 1:15am
Lol; that $5.4 million was 55% of their ffo.  And, it's up 25% from Q3 2011.   To me, that's worth getting excited about.  57% POR means the divvy is safe while we wait for the even better numbers in Q4.  Higher natgas prices won't hurt.  Maybe they'll even decide it's worth spending the money on their shutin gas wells. I'm happy with what I ...more  
Comment by themangokid on Nov 15, 2012 7:51am
true, 55% of their ffo, but I think that is also an indictment on how poorly their oil/gas operations have been as it is how well elbow river has been performing.   I  dont think its unfair to say these numbers are a mixed bag.  still, ffo of 5.4 million for elbow river works out to just under 10 cents a share which nearly covers the dividend by itself.  its no wonder ...more  
Comment by Kherson on Nov 15, 2012 8:08am
 I think it would be foolish for Avenex to sell anything else, at this point. Elbow River is going great and the oil and gas assets will bounce back in the future. Now having said that, I bet that the general market will only see the results of the oil and gas assets and the share price will suffer accordingly...   I plan on buying more as the share price drops and sit back and collect ...more  
Comment by Al42 on Nov 15, 2012 9:02am
Share Price up a few pennies pre market. lets hope it holds?
Comment by Al42 on Nov 15, 2012 9:39am
Market seems to like the numbers.
Comment by themangokid on Nov 15, 2012 9:53am
yep. looks like they are focusing on elbow river.  next quarter will be the first quarter we have the new rail facility operating for the entire 3 months. and hopefully the expansion of that rail facility will be completed in the 4th quarter as well.  from memory the expansion is supposed to increase capability by either 5x or 10x.  either way its a significant amount.   all ...more  
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