Cuervo Resources Inc CRVNF

Find Q4 projection

[leakeybill]

Just from blue rapids in Q4 assuming, find should be producing about 7000 boe net to them from blue rapids. Add to that the other 1650 of non pembina production they have expect them to be about 8650 boe in Q4 not taking into account growth outside the pembina, or a nisku oil well. Now look at their land map on their new presentation and you will see they have added about 25 section of land keeping an average interest of 66%. Either they will take out burmis or run the risk of being taken out themselves, add burmis and you will likely have a company close to 12000 boe by the end of the year.

[jamieb3]

Find is trading 34 times forward earnings. Those earning must now be corrected upwards in order to price in the new production estimates - it will take a few weeks for the analysts to get this done. If we assume earnings are going to increase by 15% that would mean a 15% reduction in PE at current prices - meaning Find is currently trading at under 30 times earnings. This is, as you point out

[jamieb3]

My best guess is that lareginvest does not know what the term "overbought" means.