An updated Net Income & Cash Flow Forecast model for GST has been posted under the Watch List Tab. My Fair Value Estimate is $4.50/share compared to First Call's price target of $3.50.
If GST is able to close their East Texas sale to Cubic Energy in August, GST will have $120 million cash on the balance sheet.
Closing should be a catalyst for GST.
Big story on this one is their Hunton drilling program in Oklahoma.
Gastar Exploration (GST)
Gastar Exploration (GST)
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group
Re: Gastar Exploration (GST)
Gastar's pfd stock (8.625% Series A) has a current yield of approximately 8.8%. It pays dividends monthly and they are tax deferred return of capital since the company has no accumulated earnings and profits for federal income tax purposes.
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group