a compelling buy?, page-4

following on from the above posts we have:

market cap @ 39.35c x 245.8m shares = $97m market cap.

cash of $93m

means all assets of MPo only valued at $4m !!!!!

what?

so, market is ascribing almost no value to all that acreage in N/A, which is still producing last qtr, of 409 boepd.

so 409 boepd say $100 p/b = $41,000 revenue p/d or almost $15m p/a.
so say NPBT is say 50% = $7.5m

so that means assets generating NPBT of say $7.5m p/a you can get for only $4m ?? (please pick a figure)

pretty basic calcs, but you get the drift.

(actually they generated $2.185m on sales of 36895 boe for qtr, which is $59.22 p/b - but it seems that is after royalties and operating costs.)

market sure isn't always on the money.

at some point, a US/CDA O&G coy is going to "what the...?)