Post by
Helloworld on Apr 28, 2022 11:31pm
Projections
For remainder three quarters of 2022 if they meet guidance by averaging about 13k they should FFO about 170 million and FCF 90 million to bring debt to 90 million. In 2023 at 14k average they should FFO about 250 million and FCF 140 million. They would then be in a net cash position of 50 million 2023YE with a FCF of >150 million per year.. on a market cap of 260 million.. could buy all shares and pay off all debt in about 3 years from now if commodity pricing holds.. crazy cheap valuation... If they exceed projections (based on ongoing discussions it certainly seems plausible) that would just make it even more attractive.
Comment by
TheRexmember on Apr 28, 2022 11:58pm
I think guidance is actually 12,000 boe. Your financial numbers could still work with anything close to current prices.
Comment by
kavern23 on May 01, 2022 2:21am
Looks like they spudded 2 well on cheddarville pad. Wonder how many they do here? Is it 4 or 5.... Hoping April is 12k plus.
Comment by
TheRexmember on May 01, 2022 12:01pm
We should have cash flow up at least 20% over Q1 with any luck too. 48-50 million in cash flow barring any big surprises.
Comment by
cfliesser on May 01, 2022 3:43pm
Maybe even more. Commodity prices alone are up 20%. If production is also up 10 or 20% then that's more cash flow.
Comment by
TheRexmember on May 04, 2022 2:50pm
Hearing something might be coming down the newswire.
Comment by
fullyautomatic on May 04, 2022 3:02pm
Oh really Like what is your guess?