Comment by
wintersun10 on Aug 16, 2012 1:02pm
so then that leads to a valuation: CQE trades at 7.5 times operating netback. 1.4 mln op netback * 7.5 = 10.5 mln shares out is 68 mln valuation per share = 10.5 mln / 68 mln shares = $ 0.1544 per share.... based on a rising price for nat gas 15c should be rock bottom value, then if you add a well or two PEN's value should go up substantially over time.
Comment by
wintersun10 on Aug 16, 2012 4:14pm
nat gas analysis: https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=31391573&l=0&r=0&s=HNU&t=LIST
Comment by
wintersun10 on Oct 17, 2012 1:51pm
apparently CLT selling for $ 100,000 per boe/d if the est production stands up, CLT gets valued more over 7 times PEN....per boe/d....oh, oh time for bargain hunting...if you ask me..