Member Info for darientaylor

TW asks the question is HUR a short, but lets face it TW is right about 40% of the time, so tossing a coin has more credibility. I like the production numbers and the cash flow right now. think what you want but any company that has free cash flow of $30mill per qtr is worth more than £130 mill market cap, by some margin. MUYOM . mine is

this lift produced free cash flow of approx £37 million at $81 per barrel, te next lift will be at approx $92 per barrel, think on that $40 million free cash flow in a month...or £32 mill , that's a PE of about 0.35 me thinks this is undervalued by about 600%... give it a year..

you got to the right ish number with completely the wrong maths formula...

ENQ has a market cap of approx 4 times HUR, with production 4 times Hur.. however, they have $1.2 billion debts, no that is not a misprint..... so you see we have a lot of upside to come

time to frill another well in lancaster

so net free cash has increased by $27 mill in one month and you dobt think that is upbeat enough,,,, that is a good measure of profitability so Id say if they repeat that every 2 months then our PE will be around 1..... this has a lot further to go

5% hike today

I assumed that there maybe some downtime for maintenance I took 2 weeks out of the year and allowed $100 mill for interest on the humungous debt

looking at the outlook for 2022, they forecast 44,000 bopd and hedged 8.6 mill barrels at $78/b.
lets assume all barrels achieve $78, thus 44,000 x 350 days is approx $1.2 bill income, capex is $430 mill and opex $165

so nett cash inflow around $600mill ets call it $500mill.... that's a healthy business and will service the debt with plenty left over

so first 3 months of 2022 likely to have 10k bopd production , at a sales price of around $75 per barrel, and cost of $25 per b
so that's around 10,000 x 90 days x $50 equals ,that's $45 mill in gross profit for 3MONTHS or around £100 mill for the year. nett of around £70 mill...... that's will generate enough cash to pay off te bond debts and then some

those numbers are compelling, given the current market cap, this event alone is huge

CH mentioned that you shoud look at Whiting's recent purchase in the willeston basin which he says is similar to that of zephyr in terms of profile . here is the link to the details of it
https://www.businesswire.com/news/home/20210721005921/en/Whiting-Petroleum-to-Acquire-Williston-Basin-Asset-and-Divest-Colorado-Asset

you will see that this was bought for $271 mill or around £200mill ... so that's 4 times our current market cap... so for me this is a no brainer

looking at half year report revenues were $130mill, so at average production of 40kbopd that gives gkp a average revenue per barrel at $18per barrel, sone ones taking the PI55.

where is that CPR?? its due!

with sales forecast to half in 2022 and cash burn still at 2021 levels, this cash balance will be halved in short order, the market is valuing this company on what the future holds not the past. 2022 will show big losses and big cash burn with no immediate revenue inflows..

revenues drop from £277 mill to £85 mill and are forecast to be 50% lower in 2022 to £47 mill with an ebitda of 40% that leaves only £15 mill to cover ITDA ,, so a huge loss this year coming.... on a market cap of £170 mill......

at 60p market cap is £288 mill. that's times 2021 revenues. think about that...4 times revenues....fair value is 20p per share

all those companies had revenues and commercial deals for products, SAREUM has had no revenues for 13 years and no commercial deals in place, apart from that the comparisons are spot on..... not

oil at $84 per barrel. share price is a joke

nett back at 80 is 41, so at 4000 nett per day would be $160,000 per day or approx$50 mill per year , that's were the market cap is heading short term ie share price 25p