Thanks for the update, agree that one per month seems more likely. If we are 50% successful that would be about .50 cash flow per share, at current market conditions of 6 times cash flow per share, it would add about three dollars per share in value, so 3+2.5=$5.50 per share in 1998???
Interesting this stock had dropped from $5 to 2 5/8 when we began building our position, here it is two years later; less debt, more wells, better prospects and the price is less than our lowest purchase price, do not wish to whine, merely stating a case that: the company is a better company today for the same or less money than when we first put up funds for a good e and d company.
Trust your holiday's went well. My little one went skiing for the first time and loved it, glad she had a positve experience the first time.
Back to FPX, when we get our annual reports, I would like to post a few things to you for confirmation, does jc ever mention Zydeco anymore? What about Polaris? Anyway this is a new year and I strongly feel that this company can be valued as I have outlined above, if you see it differently please let me know. May 1998 be your most prosperous year ever! TD |
