I estimate Q4 cfps shud equal about 21c (using their exit and 9mos boepd for Q4 boepd and increased share count). Even with no growth in 2013 and WTI about $80-85 and AECO 1mo fwd remaining above $3, plus their hedges, this would mean easily maintaining a 2013 cfps of obviously 84c. However we are expecting growth, even with declines, and my pure spec is that 88cents would be min. So current sp reflects 3.3xcfps down from the annualised Q3 cfps accorded MEI ( using the $2.80 sp prior to latest results and lower share count) of 10! . What cfps do you think we might give this one right now? Less than 4x is darn cheap!!!