So according to the above attached, a Revenue of ~$100 million per annum, with ~$70 million of that as gross profit (~70% Gross Profit margin, with annual Revenue of ~$100 Million). Meanwhile we have fast rising oil prices (meaning increasing profit margins), and at the same time, management working on decreasing admin/operating costs (one example is sale of Montney).
Current market cap is ~$55 million dollars.
No wonder the Directors have been buying up.
CE1 is significantly undervalued IMO.
Ann: Brooks Drilling & Operations Update, page-23
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