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Gold/Mining/Energy : Centurion Energy Intl Inc

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To: Cal Gary who wrote (309)11/30/2005 12:14:45 AM
From: semi_infinite   Read Replies (1) of 350
 
Decided to nibble some CUX today.

Plugging in some numbers for $2.65/mcf and production exiting year end and assuming 5X operating cash flow I arrive at valuation of $1.4B Cnd or roughly C$15/share. Seems like a big enough discount here although I would like to see a bigger production life index. $2.65/mcf already discounts $25 oil so no downside risk there. If they can move gas production to LNG exports quickly, upside should be pretty big.
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