Post by
Samdm on Mar 16, 2015 12:24pm
On BNN AGAIN $1.25
The guy says if oil price rebounds we are getting burned
He says it is worth $1.25
Comment by
mouserman on Mar 16, 2015 12:29pm
Who was the analyst on BNN spouting off those figures. 1.25 a share in net value might be right if OIL is over 100 $ a bbl, but right now Brent is around .53 , so .80 a share might not be such a bad deal. Not many are predicting oil rebounding in 2105 , in fact some are saying under 40 $ for WTI crude in the next short while. IMHO we wont see 100$ oil prices again for a very long time.
Comment by
rodrabal on Mar 16, 2015 12:35pm
THe analyst is calgary analyst Jameson Berkow.Said it is worth a hold lot more.First energy said that it is surprised that they put thereselves up for sale.Said they have pretty strong cash flow even in this market enviroment.
Comment by
rodrabal on Mar 16, 2015 12:42pm
Shareholders are being robbed. they are using this low oil price enviroment and questionable management to do it.
Comment by
mjh9413 on Mar 16, 2015 12:44pm
BUT First Energy is the MMT advisor to the Special Committee!!!!
Comment by
rodrabal on Mar 16, 2015 12:46pm
Like i said shareholders are being robbed by crooks in fancy suits.
Comment by
mouserman on Mar 16, 2015 12:53pm
Ok thanx for that, will have to have a listen to that . I know MMT had great cash flow at 100$ a bbl, even paid out a divvy. Not so sure the cash flow is that strong at current levels and I dont believe they hedges much, which was a mistake.