Post by
raggetyjack on Aug 21, 2013 8:05pm
Blowout Q2 numbers
Wicked good report in every way.
Trading way to cheaply as I stated a few times already. This is being held back by the sale process. If that were to evaporate TOL would be trading higher. Cash flow of .21 and earnings of .09 per share in the quarter. Oil production going up from 58% to 62% and increasing.
The exclusive negotiations are still ongoing with an announcement due at months end.
My take is PGF or WCP as likely parties for Cardium. At Kaybob a load of intermediate to large players could be interested and the outside end would be BIR at Pouce Coup. Could even be LTS wanting to pick it up and sell off Pouce Coup portion but I don't think they have the cash on hand.
I picked up a full boat load at 2.60 over past month so I'm quite pleased with this report on all metrics.
GLA...
Comment by
largeinvest on Aug 21, 2013 9:58pm
Fantastic numbers!!! TOL management team deilvers another homerun!!!!!! And those operating netbacks for the Cardium are the best in town.
Comment by
Sonofmshade on Aug 22, 2013 9:12am
Its a joke that this seems to be opening lower. By the numbers you have to think they should garner at least $4.50 per share.
Comment by
fisherman8 on Aug 22, 2013 11:22am
Wish the volume was better. Volume has been non existant over the last few weeks.
Comment by
blue_eagle on Aug 24, 2013 8:26pm
any meaningful speculation on take-out price..?
Comment by
sherbrooke1 on Aug 25, 2013 8:42pm
This post has been removed in accordance with Community Policy
Comment by
Sonofmshade on Aug 26, 2013 8:03am
I think both targets are too low. Gotta be in the mid to high 4's or it should not pass the vote. I have time. They should not being giving the company away for free. There are some very nice assets and their growth rate is very strong - with some more positive momentum in the oil patch the company should easily grow its share price organically.