Cuervo Resources Inc CRVNF

news

[tradervik20]

Well any thoughts on the earnings?

[jamieb3]

https://www.ccnmatthews.com/news/releases.Controller?action=check4Cookies&searchText=false&showText=all&actionFor=585645 Here's a link to the earnings. First impression on a quick scan is they met the 0.36 a share earnings esitmate and have just blown the doors off of every other metric. Their margins are expanding big time.

[tradervik20]

I havent had time yet to examine in detail but on the surface this looks very good in my opinion

[beckalodeon]

Yeah, a more-than-solid report. With the gas plant now on-line, things appear to be falling into place very quickly; costs are going to come down in a hurry, further driving earnings strength. The extra income from frac oil doesn't hurt my feelings, either. I could be wrong, but the market finally seems to be catching on to this name. BTW, FE got a very positive (pre-report) mention on

[jamieb3]

FE closed today: 10.80 / 0.25 a share = 43.2 PE ratio FE opens tomorrow: 10.80(?) / 0.36 a share = 30 PE ratio If we assume the same PE ratio tomorrow as today we get: 43.2 * 0.36 a share = $15.55 BTW this company, given YOY earnings growth of about 144% should be trading at up to a 288 multiple. 43.2 is a joke. West Energy, as we have talked about before, trades at 198.

[tradervik20]

100% increase in cash flow per share and increased reserve life also very good

[jamieb3]

Yes I am much much happier with FE than I was a month ago. Managed to load up nicely again under $8 on the last decline there. Now, let's see what the market has to say about this earning report over the next week. Hopefully we'll be all smiles.