Post by
Just1Question on May 08, 2018 10:08pm
As for the financials - not bad because
This stock is trading at 1/10th of book value and has a positive cash flow and no significant debt repayments till 2020. Compare the current NG price while subject to insufficient pipe with prices in Asia - now imagine a path to market in the next two years - suddenly you see the possibilities that I see.
Enter Shell, a big LNG Canada proponent; who are flush with cash from their Canadian Natural disposition - add in an NDP government or Liberal who both like LNG and it all looks reasonable to me.
Cheers !
Comment by
Just1Question on May 08, 2018 10:17pm
One more thing - look at the historical prices for this stock and see the magnitude of the possibilities. I'm liking this stock better than buying another lottery ticket - but don't bet the farm
Comment by
C32BTT on May 09, 2018 4:26am
Bookvalue don't mean much when the assets on the balance sheet can be easily written down. Majority of it being the reserves, which has a high degree of uncertainty render the bookvalue figure useless.