Quattro Exploration and Production Ltd QEXXF

Rknight = wrong math

[elgaveeno]

See my last post. Sale price was $10,973/boe. If the original purchase was between $8-13K then it is a wash at best. You just can't say purchase price metric is before you subtract the liability. It is misleading, and we should all know by now, that "misleading" is a common theme here.

To be specific, the original purchase metric was $8-13K, don't be fooled into thinking that it magically increased 4 fold.  This news release just confirms that it didn't.

[elgaveeno]

You say: "It's not that the assets are "better". They simply paid $18k per boepd (including liabilities) and sold a piece of it for $45k per boepd (including liabilities). Just basic business." Should read: "It's not that the assets are "better". They simply paid $18k per boepd (including liabilities) and sold a piece of it for $45k per boepd (excluding

[marketwolf]

Rknight, don't lose your time reading elgaveeno comments. He doesn't understand how Oil & Gas business works.

[elgaveeno]

yes by all means ignore what I am saying. Oh, and since I know nothing about the industry, please show me any purchase and sale announcement that any legit company has made where they announce the sale in flowing barrels that does not equal the cash price paid divided by production. Please show me, cause this is a first for me. Enough of that, who wants to bet on Q4 earnings? I say $0.01 loss.

[marketwolf]

My friend, I'm not going to waste my time with you. Go to the business school and learn something... then we can talk.