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Timothy Smith

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Timothy Smith

Re: LasNubes post# 1212

Monday, 05/11/2015 12:14:19 PM

Monday, May 11, 2015 12:14:19 PM

Post# of 2562
It really depends on cash flow and the ability to harvest reserves economically. Of both were true we would be trading at 3x.

The question the street has is what level is truly break even for the lions share of the assets.

They have done a good job at consolidating their position but the downcycle hit them at the wrong time.

Purely My Own Opinion. Do Your Own Due Diligence.

“Formula for success: rise early, work hard, strike oil.” - J. Paul Getty

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