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Posted: Friday May 30 11:22:08AM 2008
Numbers are good because commodities prices are up. The fact is same quarter 3 years ago production was 3215 and now its 2713. Debt was $30M and now its $47M. Not exactly sure what these guys do well but I believe you will lots of companies that can actually grow their production.
Posted: Friday May 30 10:30:31AM 2008
Q1 results released today....VERY GOOD NUMBERS!
Cashflow is 39 cents per share and they have some nice wells to hook up in Q2 so cashflow should get even better.
A nice undervalued gas stock...
Posted: Tuesday May 20 9:37:24AM 2008
Did some analysis on Zapata Energy on the long weekend.
What a steal it is at under 5 bucks! Up 23 cents today to 3.95 and it is in my estimatation, is still trading at under 2 times estimated 2008 cashflow.
I think they will make 2.20 a share in cashflow of 2008...my target is 6 bucks by Septmeber 1.