Bullboard - Stock Discussion Forum CONA RESOURCES LTD T.CONA

Energy Oil & Gas Integrated

"Cona Resources Ltd is a Canadian company which is engaged in the exploration for and the acquisition, development, and production of petroleum and natural gas reserves in western Canada. The company owns an interest in Cactus Lake property, Winter property, Court property, Cuthbert property, Mantario property, Thermal properties and others."

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CONA RESOURCES LTD > G&A has dropped considerably

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Post by OOU812 on Nov 17, 2017 7:46pm

G&A has dropped considerably

For the first nine months of 2016 G&A averaged $3.40 boe.
It's nice to see that G&A for Q3 is now a more reasonable $1.90 boe.
A $1.50 boe drop in G&A may not sound like much,but it is.
That $1.50 boe drop adds $10 mil more per year to cash flow.
It definitely makes a difference when the people running it own a big chunk.

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Comment by hawkowl1 on Nov 17, 2017 8:37pm

Thank you for information. Why is stock not reacting to higher oil price? Continued tax loss selling?

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Comment by OOU812 on Nov 18, 2017 9:34am

Hi Hawk, it is nice to see you posting again. It's a crazy market when companies like Cona are trading close to all-time lows with $55 oil.Another unloved oiler is Cardinal,which unlike Cona pays a hefty div,is marginable, has better quality oil, a much higher float value and isn't under new control.When companies like Cardinal are not feeling the love, companies like Cona are ...more

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