Higher Gas Prices will have huge affect on bottom line!
They will have a great quarter. Look at past earnings and see how the increase gas prices helped. Now that natural gas is over $6 this stock is ready to run.. All the other NG stocks such as Chesepeak and UPL have taken off. This one is so small no one notices it. Once earnings come out people will take notice.
Look at the one year chart for Chesapeak and UPL. Huge run ups in price. This little stock is due to follow. Just wait till these next earnings come out. I would bet we will have a run up into earnings and then after earnings we might hit $2. Sometimes they dont give these small stocks much credit. So we might have to have 2 quarters in a row of good earnings. But I definitly think $2 is on the horizon for this year.
After further review I am re-evaluating the projected quarter numbers. I think I was overly ambitious with $20 million. It looks like the high gas prices wont hit till this next quarter. My new numbers are for 12 million in gas sales and crude oil sales around $5 million. $17 million total sales. Loss of approx $3 mill.
I guess we will find out in approx 1 week. My guess is we will see natural gas sales of $14 million and Crude oil sales around $6 million. That is $20 million in revenue. Now is we just stayed flat for all of 2014 that would be $80 million for the year. That is about break even. But it wont stay flat becaus ethe have invested a bunch of money into the Oklahoma properties. $10 million in just the land and I think they are spending approx $45 million in capital expenditures in 2013. 2014 is the year you will see the returns from those investments. Not bad for a little $35 million dollar cap stock.