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0.9¢ calima energy limited

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ValueSnatcher

1,399 Posts.

117

04/05/22

16:18

Post #: 61204407
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Originally posted by James7821: ↑

I think this pricing at 17c is just plain stupid unless I missing something?

I sold my personal holding in CE1 literally the day before it started this slide so have been lucky..... but I want to re-enter before news end of this month.

$5-6m net cash generated per month at 4,200 boepd. It was basically debt free over a month ago. So likely $6m net cash already going to $10-12m end of this month. That's a lot of buyback power by the time they decide. By end of June we should have all the funding for 2H drills. Q3 div for sure.

EV right now is under $100m.

Current funds flow per boe is around $40, above industry average. Price per boe is 23,000 below industry average. Excludes montney.

Hard not to get excited here even with poor sentiment. I am going to go back in buy queue soon, hoping I can time it right.

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You are forgetting any kind of capex....

CE1 Price at posting: 17.0¢ Sentiment: Buy Disclosure: Held
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