Post by
unc12345 on Sep 02, 2023 4:38pm
Next debt target
Assuming 80 oil for the quarter, anyone care to hazard a guess on when we might reach the next debt target for a dividend increase?
Comment by
meritmat on Sep 03, 2023 3:06pm
I see they have some property for sale in Sask. What's the estimated value of that?
Comment by
PreludeSH on Sep 05, 2023 12:07am
Based on the recent CPG sale at $37,500 per flowing barrel, and assuming Surge can get the same amount per flowing barrel, them I estimate Shanavon is worth about $43M. Ofcourse that value assumes the CPG property is the same quality as Shanavon. I'd take a 20% haircut to be conservative, so lets guestimate Shanavon is about $34M.