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Gold/Mining/Energy : Canadian Oil & Gas Companies -- Ignore unavailable to you. Want to Upgrade?

To: JimisJim who wrote (18321)	11/21/2011 4:06:40 PM
From: architect*	Respond to of 24920

Its still a work in progress, I need to add the high impact events such as exploration drilling and production increases thru Q1 2012. Gran Tierra GTE has an active Q4 - Q1 2012 high impact program and a corresponding high working capital balance, relative to EV. Compared to Baytex with a CF multiple of 10, these Colombians have on average a CF multiple of 3.5 Petrominerales Q2 working capital declined from $723 MM to $275 MM in Q3 a decline of $448 MM in working capital. PMG invested $287 MM on a pipeline and $85 MM on stock buy back. The market has sold off PMG share price after their Q3 2011 report. I assume the large percentage drop is part of the reason for the sell off, that and increasing oil prices in Q4 <VBG>