Value Microcaps Junior Energy

[littlefish]

PINN, jaybird- looking just a bit more, they hedge some and for too long IMO unless they can boost production quite a bit without having to hedge anymore of that new prodfuction (I didn't look to see if they have contingencies on financing to hedge and their cahs is low enough that they will liekly need to raise more cash soon). But I don't see big increases near term with the typical lower outputs of CMB wells. Needs more homework than what I have time for, but somewhat interesting.

Plus there's sequential dilution but a bit more added to proved and unproved reserves too sequentially (not enough to completely account for the dilution though IMO).

Anyhow, if it drops and I can get some I may look harder. Time to sleep, I'm burned out from too much OT and work! Ugh.


I don't mind stealing bread from the mouths of decadence... But I can't feed on the powerless when my cup's already overfilled.
-Temple of the Dog


"We didn't build this company on the sniff of an oily rag."
-Anonymous