This stock was well becoming an momentum player and trajectory was steep up to $8.97 per share. Then Csm came added raging self-distructive challenges to the management which added a couple of 'industry uncongruent lord Fauntleroys' to the board. Suddenly Csm inexplically & convenently disapeared. Oh ,how green can we become! will be the next big challenge. The stock price got backed up into the high $4's . Now the insiders are buying the stock to send a stop signal to price challenges. The timing of the whole thing smacks of rife colusion to backdown the price and load up cheap -especially right before the spring/summer peak activity season approachs. One can never separate the $ from people who have been taught from early childhood to hang on to it.Hang on the your shares because the sweet work season is upon us .The bad progress activity reporting reinforces my suspections.Can someone please send bill richardson a 'get well soon card?'
what do you think of this one- ygr.v , ygrrf ? I have seen you all over stockhouse. Dont buy too much mill -lost momentum & focus, too political, blackout publicity dept, the easy reworks are gone , board is silly, odd short groups, wierd obstructionism. i sold off most of it and have been increasing Canadian small oil co.s
there is a seasonal tendecy for ng. more is used in winter. if you arent lieing you not trying.If you dont get caught , you arent lieing
If Amanda has signed up for Ob_macare she can get some psychological counseling
What is the stock worth? take in account reserves, 6,000 boed production, domestic location ( us court jurisdiction vs resource nationalism besetting foriegn locations),management, weather, and logistics to operate the wells and market the product, neg P/E ( at this time)....of course there is more to it than this, and i suscribe to the idea that this should be a $12-15 stock.
Investopedia explains 'Operating Netback'
The measure is generally calculated based on the oil or gas selling metric, such as per barrel in the case of oil. For example, suppose an oil company's Canadian operations sell oil at an average $50 per barrel if royalties, production and transport equal $5, $15 and $8 respectively. The operating netback for the Canadian operations equals $22 a barrel. The calculated operating netback can be compared to the specific operations' past performance or a rival company's performance in the same region.
ROCK ENERGY INC. Previous 12-Month Target: C$6.25
(TSX-RE C$6.19) Risk Rating: ABOVE AVERAGE
TARGET AND ESTIMATES INCREASED AS WE GIVE MORE CREDIT TO ONWARD VIKING ACTIVITY
Target increased to $8.00. After reviewing Rock’s latest presentation, we have increased our 12-month target to $8.00 from $6.25. Our target equates to a 1x multiple of our before tax risked exploration NAV (10) and a 3.8x 2015E EV/DACF multiple.
Key changes to our estimates and assumptions:
Netbacks increased. We have lowered our royalty rate assumptions to more accurately reflect the growing use of Hz wells that initially receive a reduced royalty rate.
2015E production volumes increased. Our preliminary 2015 forecast included 31 planned Viking wells, which we have increased to 40. A 40-well program implies roughly a 9-year drilling inventory based on our new estimate of 358 potential Onward Viking drilling locations.
2015E capital program increased. Reflecting the expanded Onward Viking drilling program and some other minor changes, our 2015E capital program has been increased to $75MM from $59.5MM.
Increased upside at Onward reflected in our risked NAV. We have increased the risked NAV for the Onward Viking play to reflect our improved understanding of the risk associated with the current 17-well drilling program that has the potential to de-risk an additional ~16 sections of land. With an assumed success rate of ~60% on the current de-risking efforts, along with an assumed 90% success rate on the previously de-risked 15.5 net sections of land, we estimate total potential drilling locations of 358. Only 34 Viking drilling locations were booked into the 2013 reserve report.
EOR potential remains outside of our NAV calculation. With current Mantario production of 3,300 boe/d, The Company now targets stable production of 3,000 boe/d under the chemical flood program. Management indicates the EOR program has a potential NPV of $150MM (~$3.50/fdsh), before the royalty
Or all of the rest of latin America.The schools teach socialism/communism. If they make any money they move to their promised land -Miami Beach.
Also like Pta.v, ptaxf,p/e about 3.3 it has a $78 netback. it is only cheap in price due to very small reserves but it is danged cheap and is accumulation cash.