2morrowsGains looks like its just you and me buying this 19% dividend payer growing production at 100% this year.
SEQ.to/SHGCF...Share price: $2.64. Yield: 18.2%. Market cap $24M...
From Shoreline's corporate update and 2013 guidance report...
Less than 10M shares outstanding (low float).
2012 exit production was 1,459 Boe/d. July 2013 average production was approximately 2,385 Boe/d. 2013 exit production is estimated to be 2,985 Boe/d.
2012 dividend payout ratio was 61%. 2013 dividend payout ratio is estimated to be 39%.
2012 debt to cash flow ratio was 10.7. 2013 debt to cash flow ratio is estimated to be 5.3. As production rates on the Company's U.S. assets increases, management expects that funds from operations will begin to decrease the Company's net debt and the Company will target a debt to cash flow ratio of between 1.8 and 2.5 times for 2014.
June webcast presentation... http://www.wsw.com/webcast/ghs4/shgcf/ (Re: Wattenburg acquisition in Colorado...Shoreline is a non-op partnered w/ Anadarko, Noble, and Encana. Anadarko & Noble are spending $2B to $3B in this field alone.)
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