GREY:ANGZF - Post by User
Post by
uwinsomeon Oct 07, 2013 9:58am
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Post# 21795883
Extrapolating Value...
Extrapolating Value...PetroChina paid $2.18 billion for 49.9% of Encana's 445,000 acres in the Duvernay play 8 months ago. Angle has about 15% (70,000 acres) of the land holdings that Encana has. A very oversimplified estimate of the value of a 49.9% of NGL's Duvernay land, based on this comparable only, comes to $327 million. A foreign investor could buy a non-controlling interest and this would allow the partners to bypass stringent reviews under the Canadian government's new restrictions. Just a thought...