Call us : (250) 377-1182
facebook twitter linked-in
opawica ntg fairmount lingo media lux

Bison as a trust??



Hello there guest! Want to join in on the conversation? Login or register for a forums account by visiting this link.


By largeinvest

Posted: Friday Feb 18 9:48:24AM 2005

My possible scenario They COULD convert when production is steady at 4000 BOPD which will happen in 2006, and as a bonus they could spinout the gas play as an exploreco. At those levels Bison should have free cashflow of about $3.50. Assuming they retain $15,000,000 (30 wells a year) for development drilling each year and distribute the rest (66%), They could give out $2.31 in cash. At the current price of $7.10 that would be a yield of 32%. RLI should be around 6-9 years once reserves get re-classified by the engineers. Then it just gets better. We could have exploreco shares as well as continued capital gains. For example assuming a yield of 18% upon conversion which is highly conservative, the price could be $2.31/.18 = $12.83 This is just my opinion based on forward looking statements which could change. Always do your own research.

Canadian Small Caps

 
Canadian Small Caps

CLICK HERE to view the presentations from the Spring 2016 Small-Cap Conferences.

We are pleased to publish the PowerPoint presentations from The Small-Cap Conferences that were held in Calgary on March 30, 2016 and in Vancouver on May 3, 2016.

We encourage investors to review the presentations and contact the companies with any further questions.

www.smallcapconference.ca/presentations.php
plus

What's New