OEL.V Osprey Energy Limited Message Board

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Gold/Mining/Energy : OEL.V Osprey Energy Limited

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To: Buckey who wrote (572)	10/17/2000 2:30:13 PM
From: The Osprey	Read Replies (1) of 1134

Well now we have firesale prices on OEL.V.....I think I am going to scrounge up a few more pesos and see if I can't relieve CC of that stock at 1.25 and 1.40.I still think this is a steal below 1.50.....If they have cash flow at the rate of say 600BBL/day US from the properties(guestimating)based on past releases, that equates to revenue of 600 x $30.00us X 150% = $27,000.00/day X 340 days =$9,180,000/year divided by 11,100,000 shares out fully diluted = .83 cash flow per share.Apply a multiple to that of 3 and the stock should be trading at 2.50/share....So why is this not good value at this price.....or up to 2.00 for that matter??????I can't figure it out unless someone has something personal going on here???? The Osprey

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