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Gold/Mining/Energy : t. upton resources

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To: Christopher Hall who wrote ()6/15/1999 5:49:00 PM
From: Method  Read Replies (1) of 86
 
I don't understand why this stock lags as other take off. Based on management projections at the last quarterly results URC is expecting 74 cents of cash flow with oil at $17 (WTI). That gives it less than 3X multiple. The market norm is at least 6X and small caps are anywhere from 4-7X except for URC. Previous estimates said for every $1 increase in WTI above $17 we would see 10 cents increase in cashflow. So we are looking at 85 cents in cash flow. This thing should be at $5.10. What's the deal?
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