How about trying your thesis value on Coastal Energy?
It's one I've mentioned here before. It also gets some press on other SI sites:
Message 26779276
Its latest presentation is here:
coastalenergy.com
It gives most of the information I'm looking for. Not all, and not in the format I'd like, but still, flowing production of oil, flowing production of gas, 1p+2pnpv10. Also fwiw, company estimate of nav per share. I see 113M shares fully diluted. I use that and cash = $10M, debt = $3.5M to rough out enterprise value at C$470M.
For me, the presentation confirms what I've believed to be so from my prior look at the company: namely, with the metrics I'm using and on the current approximate enterprise value of the company, that the stock's cheap -- still cheap enough for a buy for me. I've a few shares, and I added a few more today.
This evaluation all jmo, and of course I could be wrong in a lot of ways (the metrics I use, the future price of oil or gas, the future behavior of Thailand toward the company, and so on) |
