Post by
ppp on Jul 13, 2015 11:07am
NAV
If one strips the hedges off for Q1 on all the producers you will see this company has some of the highest net backs in the sector. However when it comes to reserves
they seem to value their gas at almost nothing. At just over $1 a bbl it don't add much to the NAV. Seems real low based on how other companies value their gas reserves.
I am going to talk to the company about this.
Comment by
MetalsKing on Jul 13, 2015 11:14am
and ironically I like that they have a nice gas mix because I think Natty in the next 1-2 years will get to $4.50-5.00 and maybe higher, and IMO at their current price/valuation they have to be considered a takeover target, and with their low debt levels I can be patient, stock IMO is like owning a very long term call "option" on the price of oil/gas for the next several years MK
Comment by
Stars-Aligned on Jul 13, 2015 12:10pm
Yea definitely, even to add to that coal power plants are becoming inferior to natural gas plants these days and newer technology is alowing natural gas plants to recylce the water used thus requiring less of it