Bakken Energy Corp. (BKEN)

[PhoenixRises]

ORFG .02 share price? ~ MOST undervalued oil stock on market

After last run to .09's before all recent news/ DD, and looking at chart ~ way undervalued ~ after high of year .09's, blue sky breakout

Why oil producing companies are targeting properties or acquiring companies operating in Uinta Basin?

The answer is actually quite simple -- these oil rich assets offer great returns. While the basin's growth and size aren't on par with hot plays like the Bakken or Eagle Ford, it's a solid oil play that provides producers with a ton of cash flow. Wells can be rather inexpensive to drill but produce enough oil to yield exceptional returns. Slow-growth, cash-gushing assets like this are perfect for income-focused business model.

ORFG is valued at .176 per share using a PE of 15 (worst case scenario)....


From Fiancerino ~ Thanks

Using the whole AS (850 mil shares) with a revenue of 10mil with a PE of 15 gives

10 x 15 = $0.176
850


THIS IS assuming whole AS! But in reality only the OS should be used in the calculation

10 x 15 = $0.575
261

AND THIS IS ONLY ONE REVENUE STREAM!!


Quote:

As a result of this the net revenues generated from this are expected to generate roughly Ten million, (10,000,000) annually to the bottom line of the company.



ORFG Security Details
Share Structure
Market Value1 $5,228,000 a/o Jun 10, 2014
Shares Outstanding 261,400,000 a/o Nov 30, 2013
Float Not Available
Authorized Shares 850,000,000 a/o May 08, 2013

From Marquee Gem Finder ~ Thanks


MarqueeGemFinder

SPARK and ALL with ORFG - My chat

I had the pleasure of chatting with Mr. Naumu, President of subsidiary Nations Oil and Gas, for a good 45 minutes and I found him to be open, honest, reflective and focused on the absolutely correct tasks at hand for the current and future success of parent company ORFG/Bakken via his subsidiary Nations Oil and Gas.

The man is approachable and with what I liken as sharp business acumen for a man in his difficult position of being caught between the parent company funding tools and Dividend and Name change and the potential for some excellent deals here with Nations oil and Gas.

The rest of our conversation is immaterial as it pertains to this post, needless to say - it was quite validating and important as they go through this transition.

Feel free to call him or email him and determine for yourself - which you likely should already have done- prior to making emotionally charged decisions.

The reality of the OTC world- dividends and name changes take 90 days. I've said that for 90 days. Im hoping par is the course for our dear lady ORFG and off she goes.

All the best
M


From Fawd's Post Earlier ~ Thanks

~7,057 Barrels Per Day, 2,576,000 per year is the capacity of the Green River Refinery as per the official 2006 Appraisal Document.


At current value ($104.35 per barrel) that represents $268,805,600 in revenue every year (if run at max capacity).


As of 2006, when oil prices were sitting around $50.00, the net margins for refineries located in the Rocky Mountain region was $7.67 per barrel, and therefore would result in $19,757,920 in profit. Because oil prices have doubled since 2006, one can assume yearly profits at 2014 values would be in the $40,000,000 range at the Green River Refinery.




Quote:
Normalized throughput is based on a projected annual production of 2,576,000 barrels per year, or 7,057 bpsd of crude oil



Quote:
The five year mean net margin for refineries located in the Rocky Mountain region ("PADD4") is $7.67 per barrel (2006). This represents the net margin income from the sale of petroleum products. After multiplying this net margin income to be capitalized is calculated to be $19,757,920 ($7.67 per bbl x 2,576,000 barrel per year).