Kootenay Energy KTY
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Posted: Wednesday Sep 12 9:37:29AM 2007
I have some shares at around $0.40. This is a very thinly traded stock. RBC made a cross today - 642,500 shares at $0.56.
Posted: Friday Jul 20 3:20:25PM 2007
Kootenay looks good. Should be a double if they can hit 700boepd. Bobwins
Posted: Friday Jul 20 10:00:02AM 2007
In my opinion this o&g company has good future prospects and is undervalued based on current fundamentals.
In the quarter ended March production was 395 boepd (78% light oil). Current production is 550 boepd (70% light oil).
Shares outstanding = 22.2M
Debt was 12M which is on the high side but quite manageable considering that production is increasing and oil prices for light oil are around $72 WTI.
Net asset value at dec 31/06 was 80 cents per share which is substantially more than the current share price of 44 cents.
The company is targeting an exit rate of 700 boepd and annualized cash flow of 26 cents based on that production.
Currently trades below 3x annualized cash flow.
They have a presentation of their web site with plenty more information.