Oct. 1 at 2:03 AM
$GXRFF @bigmatt89 Have you dug into their financials yet? Some notes from the interview
---Board owns 35%
---Only debt is insider (board members etc). No bank/institution debt
---18 reactivation wells are currently active
---140 reactivations to go — cost is 130k per reactivation
---Planning on 9 reactivations for q4, 3-5 per month in 2026
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$22 CAD net profit per barrel, number will rise as they scale up
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$22 net profit barrel comes to 500-600k net profit a month
---1000 barrels a day in q4
---Each reactivation adds about 12 barrels a day, conservative
1000 barrels = 7.92 million net profit per year
@ an 18.5 market cap
Looks pretty undervalued to me