Post by
drunk@noon on Oct 02, 2021 12:53pm
Just a matter of times before seeking alpha article come out
and with it a move towards 60 cents. I have no idea if such an artilce will appear, but the story seems custom made for a seeking alpha article. I have no idea what the NAV is of the field, put with cashlow coming in through the door in the range of the market cap, and only 150 million or so of cap ex needed to support the 3 billion or so of cashflow coming through the door over the next decade. Depending on of course the
No exaggeration. Current netback well over 50 cdn-- but use 50 cdn. Recoverable reserves likely over 100 million----but use 80 million. That's 4 billion cdn. Take off 1/3 for taxes and royalites. And you have 3 billion after tax cashflow coming though the door-- for 200 million or so cap ex. Market cap even after the run up is a little over 400 million.