Think someone else agree with me , from another bo
Post# of 163
(Total Views: 197)
Posted On: 07/20/2022 8:58:52 AM
Think someone else agree with me , from another board JMHO
TGA should be setting on at least $100M at the end of July...
They say they had $34M at 3/31 per the announcement, there are 121 days from April 1 thru July 31st and they produce about 13,000 BODE per day, no ? That is 1,573k BOE and according to TGA official numbers they make north of $65 bucks FCF when oil is 85 bucks and its been well over a hundred for most of that time so even after their discounts it should have average well over 85 bucks... that is $102M plus the $34M they had on hand... so they could have generated around $136M... how much could they have spent on CAPEX and ADMIN during that time? $36M would be a lot to have spent and if they did spend that much we should have another 10 wells or so to talk about...
I wish BR would take a run at these guys... unless they are completely deceiving us as to production / Netbacks (which at this point I am not ruling it out) this thing is a cash cow at these oil prices.. IF oil prices stay at around 100 bucks they would generate the equivalent of our current valuation in LESS THAN A YEAR ! There must be something wrong the numbers we have been given...
I do not think the numbers from Canada are included JMHO
jmho
TGA should be setting on at least $100M at the end of July...
They say they had $34M at 3/31 per the announcement, there are 121 days from April 1 thru July 31st and they produce about 13,000 BODE per day, no ? That is 1,573k BOE and according to TGA official numbers they make north of $65 bucks FCF when oil is 85 bucks and its been well over a hundred for most of that time so even after their discounts it should have average well over 85 bucks... that is $102M plus the $34M they had on hand... so they could have generated around $136M... how much could they have spent on CAPEX and ADMIN during that time? $36M would be a lot to have spent and if they did spend that much we should have another 10 wells or so to talk about...
I wish BR would take a run at these guys... unless they are completely deceiving us as to production / Netbacks (which at this point I am not ruling it out) this thing is a cash cow at these oil prices.. IF oil prices stay at around 100 bucks they would generate the equivalent of our current valuation in LESS THAN A YEAR ! There must be something wrong the numbers we have been given...
I do not think the numbers from Canada are included JMHO
jmho
(0)
(0)TransGlobe Energy Corp. (TGA) Stock Research Links
Scroll down for more posts ▼