Post by
tootall67 on Dec 13, 2014 2:04pm
Seeking Alpha article
https://seekingalpha.com/article/2753015-can-long-run-exploration-sustain-its-30-percent-dividend-yield?ifp=0
Comment by
Thanksforplaying on Dec 13, 2014 3:23pm
Great article. Good to remember lre is half oil half gas production. I think they should eliminate the dividend. Everyone still long is a big boy and not holding it for 3 cents a month.
Comment by
qwqw on Dec 13, 2014 5:21pm
He's using the Q3 derivative loss of $4.5 mil in all his calculations ??????????
Comment by
UppersDowners on Dec 14, 2014 3:54pm
qwqw......where do you see the share price going and out true net worth?
Comment by
qwqw on Dec 14, 2014 4:36pm
I'm expecting a Whitecap or similar to make an offer in the near future around $3.50 Although $3.50 sounds too low,I'm expecting the offer to be mostly shares of the acquiring company which should get a nice bounce after the announcement.we should end up with over $4. I'm hoping Sprott, Spartan or other little stinkers don't get any bright ideas.
Comment by
qwqw on Dec 14, 2014 5:49pm
You missed the Crew property purchase of 60 MMboe. Total gross reserves were 193MMboe on their last presentation.
Comment by
Sumcan2 on Dec 14, 2014 6:12pm
Thanks qwqw, I forgot about that aquisiion, so the value of the company is even better. I imagine that management will make their 2015 guidance statement tommorrow night, they usually do about 7:30 EST
Comment by
johnathamilton on Dec 14, 2014 7:24pm
In calculating the per share value did you subtract the $700MM debt? Also for those cash flow calculation for the seekingalpha article, what is the capital cost required to maintain production? Remember that fracked wells decline at least 50%/year and new capital has to be sunk in order to maintain production.
Comment by
Sumcan2 on Dec 14, 2014 7:39pm
In calculating the per share value did you subtract the $700MM debt? . I subtracted $718 million of debt.