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Quattro Exploration and Production Ltd V.QXP

Sector: Energy | Sub-Sector: Oil & Gas E&P

Quattro Exploration and Production Ltd is engaged in exploration and development of oil and natural gas reserves in Western Canada, located in the Western Canadian Sedimentary Basin and Central America
Price: $0.55 | Change: $0.00 | %Change: 0.00%
Volume: 39,300 | Day High/Low: 0.56/0.54 | 52 Week High/Low: 0.93/0.045


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0 stars

RE:RE:decomissioning liability

Every time a well is drilled a liability in the future is created.  In the past companies had the view that the abandonment obligation would be offset by the salvage value of plant and equipment...read more
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RE:Comments from QIS Capital on latest results

From June QXP presentation: "In Canada, Quattro is focused on the conventional exploration and development of oil and natural gas reserves in Western Canada. The Company operates in four core...read more
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Comments from QIS Capital on latest results

QIS Capital: Quattro was able to meet its production forecast of 1,500 boe/d for the second quarter and is projecting to reach 2,500 boe/d by the end of 2014. The company has maintained a strong...read more
5 stars

RE:decomissioning liability

De-commmissioning came in with IFRS accounting and is paid out when you are closing down the wells..  usually covers environmental issues, facility closures/removals etc.  I think they are high here...read more
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decomissioning liability

I can't recall ever seeing a decomissioning liability as high as the companies market cap before.  Is this unusual?  When does it usually have to get paid?  rate and reply
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RE:RE:RE:RE:RE:RE:RE:Q2

- Management has hit Q1 and Q2 targets - Net earnings are on pace for the targeted $10 million for 2014 - Debt is very low - Trading at 50% discount to book value - Healthy $18 netback for a gassy...read more
0 stars

RE:RE:RE:RE:RE:RE:Q2

Q2 was only $0.02 of earinings. The other $0.09 was from Q1 and that was discussed at length last quarter as they included over $3M of "tax recovery" in their earnings. You will see that they had to...read more
0 stars

RE:Unbelieveable !!!

Delayed reaction due to summer holiday season?  Beyond that, not explanation for the lack of activity.  rate and reply
0 stars

Unbelieveable !!!

Doesn't look like anything short of the second coming will move this stock up.  rate and reply
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RE:RE:RE:RE:RE:RE:RE:Q2

Yes it was but if you had timed your post for a little later I could have saved a few hundred. Anyway it looks as though some are seconding my first impression. THANKS  rate and reply
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RE:RE:RE:RE:RE:RE:RE:Q2

"IdrankTheVino" has gone from slamming production to now hanging his hat on corporate governance. What will you be grasping at next "IdrankTheVino" or should I say "IdrankALLtheVino"  rate and reply
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RE:RE:RE:RE:RE:RE:Q2

Was that because of me davpro? 3-9 days of downtime due to maintenance/inspections in Q2. I don't know if they can achieve their 2500 boe/d 2014 exit rate goal or not.  But even at the current 1525...read more
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RE:RE:RE:RE:RE:RE:Q2

Polly want a cracker?  rate and reply
0 stars

RE:RE:RE:RE:RE:Q2

Algeveeno: Your credibilty is approaching 0 on your frequent bashing comments with admittedly no investment in it. Get a life!  rate and reply
5 stars

RE:RE:RE:RE:RE:Q2

Just an opinion based on a cursory look at the financials... but it does look unusually cheap. Unless there is some great hidden liability of which I'm unaware this should be priced significantly...read more
0 stars

RE:RE:RE:RE:Q2

elgaveeno wrote: 2 excellent quarters? Funny. Since the Q2 isn't even out on Sedar yet, I will wait until the real data is out. $16-18/boe net back is about $30 less than industry average. Excellent...read more
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RE:RE:Insider Activity

It may be purely for optics, but seeing as he already holds 100k worth of options, there wouldn't appear to be a reason to purchase stock on the open market unless you expected great returns. I'm...read more
0 stars

RE:Insider Activity

4000 @ .59 is a vote of confidence ?  rate and reply
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Insider Activity

It's only 4000 shares, but a vote of confidence from the president of the company, picking up shares at 59c http://canadianinsider.com/node/7?menu_tickersearch=QXP+%7C+Quattro+Expl+%26+Prod...read more
0 stars

RE:RE:RE:RE:Q2

You wine drinker: I guess you were glued to your computer to see the 2nd quarter results so you can make some nasty comments. It must be really imporatant for you to bash QXP despite the fact that you...read more