RFE series 2018-1 reds trust

potential for 25,000 barrels a day

  1. 2,795 Posts.
    over $800m a year revenue !

    http://www.casimircapital.com/ca/sites/default/files/Red_Fork_Initiating_Coverage_-_Final.pdf

    Initiating Coverage: Serving Up a Large Oil Production Ramp on Mississippian Acreage; Drilling Underway with View to 5,000+ boe/d in 3 Years.... we see the potential for Red Fork to grow to 5,000 bbls/d in 3 years and still retain significant running room with ~25,000 bbls/d potential.

    With recent transactions by SandRidge implying $4,600/acre undeveloped, we see a floor value above $1.20/sh, with room to grow on continued successful development.

    Initiating with $1.40/sh Target and Buy recommendation


 
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