to say the least.
The earnings were poor, actual only one cent per share, however that was not too surprising, but what is really disappointing is the production guidance for the second quarter.
Shadowplay's year end prediction is so pie in the sky , it is not funny.
yes, please let us see your true genius of valuation
im assuming its the high school grd version 4 cents/year times 5 years equals 20 cents
thats your valuation, correct?
I personally would say it's exactly what i wanted to see--
cost is under control, and proved reserves are expanding at a staggering rate, but then again, i'm sure you don't look at those stats. I think he still holds to 40,000 BOEPD by end of 2013.
HMMM whats that worth in todays market Well lets be conservative and give that BOEPD a 100,000/Bbl. price Hmmmm thats 4 billion dollars .
I bet you that there will be TRUE analysts giving it a 10 price target by tommorrow.
Old full-year 2013 guidance was for production of 40-45,000 Boed. Now they're guiding that Q2 will be 27-29,000 Boed. With this new data they have zero chance of achieving the full-year guidance. Based on latest numbers for Q1 and Q2, full-year production will come in at about 32-35,000 Boed. This is a long way short. Anyone else have different figures, and why?