Re: My Positive View
in response to
by
posted on
Mar 30, 2010 09:54AM
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
Honestly,
Algar was the only way to create cashflow. I'm agree with Krissy about debt but in near term we’re ok. If Algar & POD1 can produce 16000 bpd with the actual netback, we should see SP near 3 $ by the end of this year.
There’s still some risk like a double dip but even with that we should survive
Admin+Debt | Annual Earning | EPS | SP (EPS X10) | ||||||||||
WTI | Netback bitum. | Convent+Ref. | Corporate Netback | Daily Expense | 8000 bpd | 16000 bpd | 20000 bpd | 8000 bpd | 16000 bpd | 20000 bpd | 8000 bpd | 16000 bpd | 20000 bpd |
40 | $16.80 | $8.00 | $24.80 | $311,111 | -$40,576,000 | $30,848,000 | $66,560,000 | -$0.09 | $0.07 | $0.15 | -$0.90 | $0.70 | $1.50 |
60 | $25.20 | $8.00 | $33.20 | $311,111 | -$16,384,000 | $79,232,000 | $127,040,000 | -$0.04 | $0.18 | $0.30 | -$0.40 | $1.80 | $3.00 |
65 | $27.30 | $8.00 | $35.30 | $311,111 | -$10,336,000 | $91,328,000 | $142,160,000 | -$0.02 | $0.21 | $0.33 | -$0.20 | $2.10 | $3.30 |
70 | $29.40 | $8.00 | $37.40 | $311,111 | -$4,288,000 | $103,424,000 | $157,280,000 | -$0.01 | $0.24 | $0.37 | -$0.10 | $2.40 | $3.70 |
75 | $31.50 | $8.00 | $39.50 | $311,111 | $1,760,000 | $115,520,000 | $172,400,000 | $0.00 | $0.27 | $0.40 | $0.00 | $2.70 | $4.00 |
80 | $33.60 | $8.00 | $41.60 | $311,111 | $7,808,000 | $127,616,000 | $187,520,000 | $0.02 | $0.30 | $0.44 | $0.20 | $3.00 | $4.40 |
85 | $35.70 | $8.00 | $43.70 | $311,111 | $13,856,000 | $139,712,000 | $202,640,000 | $0.03 | $0.32 | $0.47 | $0.30 | $3.20 | $4.70 |
90 | $37.80 | $8.00 | $45.80 | $311,111 | $19,904,000 | $151,808,000 | $217,760,000 | $0.05 | $0.35 | $0.51 | $0.50 | $3.50 | $5.10 |
95 | $39.90 | $8.00 | $47.90 | $311,111 | $25,952,000 | $163,904,000 | $232,880,000 | $0.06 | $0.38 | $0.54 | $0.60 | $3.80 | $5.40 |
100 | $42.00 | $8.00 | $50.00 | $311,111 | $32,000,000 | $176,000,000 | $248,000,000 | $0.07 | $0.41 | $0.58 | $0.70 | $4.10 | $5.80 |
125 | $52.50 | $8.00 | $60.50 | $311,111 | $62,240,000 | $236,480,000 | $323,600,000 | $0.14 | $0.55 | $0.75 | $1.40 | $5.50 | $7.50 |
150 | $63.00 | $8.00 | $71.00 | $311,111 | $92,480,000 | $296,960,000 | $399,200,000 | $0.22 | $0.69 | $0.93 | $2.20 | $6.90 | $9.30 |