Replies to post #22795 on Value Microcaps Motherboard

[cliffvb]

GPOR, Wade, I'm interested in seeing what #s Bobwins comes up with on this one as well. Based on their guidance, I'm projecting that GPOR will earn 14c in Q3 up from 9c last qrtr.

Earnings should really take off next year with the expiration of their $39.70 hedge at the end of this year. It's more difficult to predict #s for 2006 because they don't provide Cost estimates other than SGA and lease costs. Still, even if their production costs increase by 20%/ bbl compared to this year, I still come up with $1.46 in estimated earnings for 2006!

I'm surprised there has not been more activity on this one today, since the guidance came out after the close on Friday. Only 15K shares traded so far today and a good sized chunk of that comes from me.

[Bobwins]

wade re gpor. Just did q3 and q4. I come up with .17eps for q3 and .30eps for q4. Used $60/b for oil. Didn't adjust for ngas but did adjust for hedge in q3 at 39.70 and 63.80 in q4. Used 32 million for diluted shares.

Gpor.ob looks pretty cheap if they can hit their 2006 guidance. .30 X 4 = 1.20 vs 9.50 or 8. 2006 guidance is significantly higher than q4 so drop fwd p/e to 6?

Bobwins