Comment by
racetrk6 on Apr 03, 2023 2:25pm
Biggest issue is the 380 Million shares here. Not going to move much as people likely got in cheap and are averaging out as this goes along. Also tough to get buyers to bid higher when are lots for the taking at ask.
Comment by
Investnowplease on Apr 03, 2023 4:38pm
Should be at about 4m US a month in cash now Round at 5m cdn x 12 months. Round at 5m. Thats 60m . Take op cost off. Market cap is 150m. At most imo its trading at 3x. Just rough. Thats way too light imho. Too small rght now for s divy imo. Perhaps when cash flow ramps up to 10m a month.
Comment by
marlinbait on Apr 03, 2023 9:29pm
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Comment by
Fredo51545 on Apr 04, 2023 9:34am
With a one rig program, Art can only spend $3 mil per month on drilling until all 20 wells are completed. His cash flow will be 4-5x that amount later in the program. Does he really need to acumulate $45-50 million of cash for future projects? There is no second rig available that I know of. So yeah, a div out of free cash flow IS appropriate.
Comment by
Investnowplease on Apr 04, 2023 12:17pm
Btw thats us dollars. So 5m cdn with exchange which is light multiplied by 12 is 60m. Misus op costs. Market cap is 150m is. Thats a 3x cashflow easy
Comment by
marlinbait on Apr 03, 2023 9:35pm
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Comment by
Investnowplease on Apr 04, 2023 12:13pm
Read please. 4.4 as you say multiply by 12. Thats yearly. I used 5m multiplu by 12
Comment by
marlinbait on Apr 04, 2023 2:42pm
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Comment by
marlinbait on Apr 04, 2023 2:45pm
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Comment by
CLOUDER on Apr 04, 2023 3:16pm
why thank you fish., you know that marlin bait IS fish....lol.
Comment by
Investnowplease on Apr 04, 2023 1:31pm
Small caps in general shouldnt pay divys nless they have zero better places to spend it. Carinal energy in Cdn is a great example. Not that case here. Buy perhaps buying back shares might be a good thing in this case, in addition to drilling more wells of course.
Comment by
marlinbait on Apr 04, 2023 3:36pm
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Comment by
Investnowplease on Apr 04, 2023 4:07pm
You aweful. Yes i did. Also bought at 48 and more down to 38. Please dont respond. Your comments are not appreciated or likewise lacking much respect or show intelligence. Please sto
Comment by
marlinbait on Apr 04, 2023 4:14pm
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Comment by
Maxmoe on Apr 04, 2023 9:52pm
Haters gonna hate,hate,hate,hate,hate And fakers gonna fake,fake fake,fake,fake. So shake it off, shake it off. taylor swift.