As I posted earlier, free cash flow is probably around $9mUS/quarter, and they will increase production given their drilling success etc. They say "planned drilling and development program will more than compensate for the reduced production from raccoon bend" in terms of oil,and in terms of gas, I think we can expect a sizeable increase in production going forward. It was 10% quarter on quarter, and was 27% greater compared to the same quarter in '06. So, how is a company producing $36m in annual free cash flow worth only $100m???? Just a matter of time for this one, in my view. Worth probably closer to $2.
Add to My Watchlist
What is My Watchlist?