TSXV:CART.H - Post Discussion
Post by
MiningMasterAu on Oct 22, 2019 12:00pm
KUB September 2019 Presentation - 874boed Production
https://www.cubenergyinc.com/_resources/corporate-presentation.pdf So $7.5 million USD in cash and 874boed worth around $30,000USD per flowing barrel or $26 million USD is trading at a market cap of $7.5 million CAD, sure makes a lot of sense.
When you're getting 2-3 times the average nat gas price as North America, a flowing barrel commands a much higher price. Not rocket science, and these scum bag bashers will do anything to twist that. Then add in free wells, two large scale partners, NRU project which is a freebie because we know that's a big well the company owns, so not sure why the madness selling. I would love to hear from someone that actually sold today and what their reason is other than panic selling to lock in a flip trade.
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