Ed, our favorite energy play is a firm I think you brought to our attention if I am not mistaken - a reverse-merger reinvigorated GEOI. We have gone out and bought 1% of the company, which is around 2% of the float.
They do a good job in their recent investor presentation in Denver:
investorcalendar.com
The PV 10 is around $19.50 as a recall, they set it out in one of the slides, and the CEO said the company on the open market would sell for more than that. Half crude, half gas, a good diversification to have, good cash flow, good prospects to develop. Stock is at $11.50 so some upside left, with downside protection based on assets.
Past that, like you have indicated in some of your posts, the short term outlook for nat gas is not pretty. Just a question of how long it will take to turn the dynamic positive again. My guess is we are seeing the bottom the next three months, then a trend upward as demand recovers and declines become apparent.
Then again, who knows? Timing is not our strong suit, long term trends are easier to play. |
