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petrobakken for 2013
Posted: Mon Jan 28, 2013 10:27 am
by k1f
Hi Dan, How does this assessment of Petrobakken's 2013 outlook compare with your recent
forecasts?
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http://seekingalpha.com/article/1133171 ... urce=yahoo
Re: petrobakken for 2013
Posted: Mon Jan 28, 2013 4:33 pm
by dan_s
I did see that article last week. I think it is a fair assessment but I also don't think PetroBakken is in any near-term danger. Q4 and Q1 results will be solid. As long as oil prices hold up it will be fine. I updated my forecast model for PetroBakken on 1/15 and I tweaked it a bit today. You can find it under the Watch List Tab.
Bottomline is that the company is generating enough cash flow from operations to cover their 2013 capital expenditure budget. Read what I say about it in today's newsletter. I think they are focused on the Cardium and I think they will make one of more acquisitions that will increase their position in the play.