GREY:BXEFF - Post by User
Comment by
Chris007on Mar 31, 2019 1:37am
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Post# 29560030
RE:RE:CEU has 1.0 P/B $75M CF and $490M Debt!
RE:RE:CEU has 1.0 P/B $75M CF and $490M Debt!Straite wrote: 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?
Indeed, you can't really compare the two companies at all, since they are involved in totally different businesses. It would basically be an apples to oranges kind of comparison, despite the fact that they are both involved in the energy sector. On one hand, you have an exploration and production company, while the other is an energy services company...