In the above post, my forecast for EBITDAX was $30-$32M for this quarter
Cmonaussie stated (pretty much spot on)
"I've got EBITDAX Q2 at $33.498M on EBITDAX/BOE of $26.50 .... which is actually an increase in Margin to almost 64%."
Interestingly, both of us understated actual EBITDA which came in at $33.7M (due to the significant operating cost savings).
Because of the oil cut reduction, I also started a thread "Valuation Inconsistencies" in which I berated SEA due to my concerns (which I also passed on to Eric).
SEA have since been very transparent about the cumulative oil production and it is easy to now assess the value proposition.
On this basis, I have reviewed my position and decided to take a leaf out of Trump's book and reverse my self imposed ban.
Why? Simply, because I can, and to be frank I couldn't care less what conspiracy someone wants to have.
Was flat out today but will share my notes on the conference call shortly.
@cmonaussie, I hope you reverse your decision too...
I will not be dictated by someone that seems to be too engrossed in Matrix! Perhaps time to disconnect and see it for what it is - Just fellow shareholders discussing their opinions (both positive and negative based on the circumstances that present).
SEA Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
