Value Microcaps Motherboard

[cliffvb]

CNEH, abh3..Their production #s for their current quarter were actually a little light compared to what I expected, perhaps they slowed their pace of new well drilling to conserve cash. Last Q, they cashflowed $5 million before capex. Capex ate up over 90% of that. This Q, cash flow before capex should be even higher. Wasn't it something like $10 mil in financing they were looking at? That is a potential 25% dilution even if it was all stock at current prices. I would just as soon they maintain a slower drill pace at least until the SP is higher. Appears to me that they can still grow very nicely on CF.