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Cubic Energy Inc. Message Board

  • disco2016 disco2016 Jan 24, 2011 4:17 PM Flag

    Valuation-part II

    Quite a nice report put out by QBC today, no? With 19 producing wells generating about $4mill of free cash flow a quarter i guess there is ZERO value being put on what is still in the ground.....

    This doesnt add up and i think QBC should have a much higher market cap....

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    • disco,

      I agree but apparantly the market doesn't. With $16 million in cash flow and likely to rise much much higher as more and more wells come online, QBC should be trading at minimum of around $1.50/share to $2.00/share. Hopefully the market will see the big picture when the reserves report is released. This is really one of the cheapest pure Haynesville plays.

 
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