GREY:BXEFF - Post by User
Comment by
Straiteon Mar 30, 2019 11:38pm
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Post# 29559913
RE:CEU has 1.0 P/B $75M CF and $490M Debt!
RE:CEU has 1.0 P/B $75M CF and $490M Debt!CEU is not a comparable. They are not a natural gas and liquids producer in canada. Comparables could include PONY CR AAV TOU PEY ARX BIR BNP to name a few. I think the value of all BXE's equity would now be somewhere between CR and AAV. If 100% of equity is worth 200m, then 16.5% would imply a 33m market cap, which is close to the current market cap. Now, is BXE's equity worth more or less than 200m?