Would it be correct that you multiply about $90 dollars a barrel times 15,000 boed per day X 365 days a year. Then we are looking $492,750,000 million dollars in revenue per year. Man that is over double their latest revenue numbers I'm looking at.
WOW; I could be missing something, but that is what the math looks like to me.
appreciate comments or corrections.
I just took a position, based on the IBD article, wish I picked up on this a little earlier, but looks to me like this boy has a lot more running left in it.
That's 15,000 Boe/d, not Bo/d. Back out 25% for nat gas. Also better to use $85 bearing in mind that they don't get WTI pricing. All of which gives you 2013 sales of about $350 million. Add in something like $15 million for nat gas sales and, hey presto, you arrive back at the analysts 2013 estimates of $365 million.