EPM
Posted: Sat Nov 16, 2013 1:06 pm
Evolution Petroleum (EPM): An updated Net Income & Cash Flow Forecast model has been posted under the Watch List Tab.
The model assumes the Delhi Field reaches Payout 7-1-2014. At "Payout" EPM's revenue interest will increase from 7.4% to 26.5%. Delhi EOR project is operated by Denbury Resources (DNR). It is a long-lived CO2 flood in Louisiana.
My Fair Value Estimate has been raised to $15.00/share, primarily because EPM is now going to pay a quarterly dividend.
The model assumes the Delhi Field reaches Payout 7-1-2014. At "Payout" EPM's revenue interest will increase from 7.4% to 26.5%. Delhi EOR project is operated by Denbury Resources (DNR). It is a long-lived CO2 flood in Louisiana.
My Fair Value Estimate has been raised to $15.00/share, primarily because EPM is now going to pay a quarterly dividend.