Post by
Countrin2tive on Mar 06, 2021 1:19pm
Food for thought
Maybe this is a little simplistic, but we just sold 2700boe for $106 million. Average cost per barrel about $32,000. So if we multiply $32,000 by our remaining production capacity say 17,500boe, does that make our company worth $687 million? That would be about three times what it is now in terms of market cap.
Fun to think about. However as I've said here before, I think the value of this company lies with oil still in the ground. They have a lot of it for a small company and it just becomes more valuable with the price of oil going up.
Comment by
stockwatcher248 on Mar 06, 2021 1:29pm
ya and after the sale what's left after paying liabilities and bank debt???..why are you ignoring that??
Comment by
Countrin2tive on Mar 06, 2021 1:45pm
You may be overthinking it a bit, just playing with numbers. However liabilities are usually spelled out clearly and financial reports. We will be able to see those on Tuesday. Also in a NAVPS accounts for what you're talking about. Last I saw was $2.47.There should be a update on that in the upcoming report.
Comment by
raven16 on Mar 06, 2021 1:47pm
Ya,So Stockwatcher Will You Be Shorting SGY On Monday ?Come On You Can Tell Us.