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Energy Oil & Gas E&P

"Virginia Hills Oil Corp, formerly Pinecrest Energy Inc was incorporated under the ABCA on March 24, 2006 under the name Testudo Oil & Gas Exploration Ltd. The Company is a Calgary, Alberta-based oil and natural gas exploration, production and development company with operations in the Canadian provinces of Alberta and Saskatchewan."

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VIRGINIA HILLS OIL CORP > cash flow

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Post by rationalexuberance on Dec 30, 2013 12:48pm

cash flow

PRY will probably have about $60mil c/f from ops, which works out to be $.27/share

Trading at only 1.5 times c/f (should be at least 3-4)

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Comment by ofirme on Dec 31, 2013 2:19am

I think $60M is overly conservative. in the assumption of 3,400 bbl/d and netback of $55 you will be close to $67M andf that is conservative (in my opinion...). if you assume that waterflooding is a disaster (unlike everything else in the area and the first projects...), than you might be right. The key here is that waterflooding can increase the netback and keep capex low. This ...more

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