Value per Flowing Barrel

Welcome to the Connacher Oil and Gas Hub on AGORACOM

Connacher is a growing exploration, development and production company with a focus on producing bitumen and expanding its in-situ oil sands projects located near Fort McMurray, Alberta

Reply New Message

Prev Message Back To Forum Threaded View Next Message

spiderman8

Rank: President [?]

Points: 2200 [?]

Votes: 18 Score: 3.3 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

Value per Flowing Barrel

posted on Jan 31, 2010 02:58PM

Just throwing this out there for some discussion. Currently trading at $1.20 with about 10400 bb/d of bitumen, conventional oil and NG. Gives a trading price of about $49000 per flowing barrel. This includes PDP Value and MRC. These 2 could argueably worth about 25 cents to the SP. So if we remove those 2 it would trade at about 95 cents a share or $39000 per flowing barrel. IF Algar comes on line and produces about 8000 bbl/d does everyone think the SP would rise by 8000 X 39,000 divided by 427 M shares or about 73 cents a share.

Open for discussion!!!

Reply New Message

Prev Message Back To Forum Threaded View Next Message

Please to post a reply