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Penn Virginia Corporation Message Board

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  • mistermr52 mistermr52 Nov 15, 2011 4:28 PM Flag

    Biggest POS Ever..

    make money when you buy. Period. at $5.90 a share its a steal, they have growing cash flow, 4boe (1.5 liquid, 2.5 gas) of proved per share and 11boe per share of proved +3p reserves. (3 liquid, 8 gas)

    Easy math here. $14 per liquid proved, $5 gas boe per boe= $33.50

    + 4/per liqiud boe 3p= 6 = $1.5 / gas boe 3p= 8.25 = 14.25

    33.50 + 14.25 = 47.75 gross nav - debt $14 per share = $33.75 NET ASSET VALUE apply even more conservation discount of 30% = $23.63 now that is a POS. LOL! Buy at 5.90, 4% yield, growing liquid production, lots of liquidity about 400million, no EFS proves booked in 2010,

    This is an easy double in a year.