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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: E_K_S who wrote (38781)8/12/2010 2:41:29 PM
From: Paul Senior  Read Replies (1) | Respond to of 78628
 
GMXR. Continues to fall to new 12-mo low. I'll take a few more shares.

finance.yahoo.com



To: E_K_S who wrote (38781)8/12/2010 5:29:04 PM
From: Spekulatius  Respond to of 78628
 
re GMXR - 350M$ EV for about 350BCFE in proved reserves is cheap - 1$BCF in reserves. This is less than the cost to develop reserves , even for the lowest cost producer.

FWIW, it looks like GMXR ongoing costs are too high to make a profit at current prices, so their ambitious drilling progam may actually destroy value, since they need to take on debt to execute it.



To: E_K_S who wrote (38781)8/12/2010 5:29:09 PM
From: Spekulatius  Read Replies (1) | Respond to of 78628
 
re GMXR - 350M$ EV for about 350BCFE in proved reserves is cheap - 1$BCF in reserves. This is less than the cost to develop reserves , even for the lowest cost producer.

FWIW, it looks like GMXR ongoing costs are too high to make a profit at current prices, so their ambitious drilling progam may actually destroy value, since they need to take on debt to execute it.


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