GREY:CAZFF - Post by User
Post by
perdikaoilgason Sep 29, 2014 8:18am
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Post# 22978577
CAZA's Upside after Applying ATHL's Acquisition metrics
CAZA's Upside after Applying ATHL's Acquisition metricsECA just bought ATHL for $7 BILLION including the Net debt.
ATHL also drills in the Permian Basin. All CAZA's shareholders MUST apply ATHL's acquisition metrics to get an idea about CAZA's estimated value (roughn estimate) under an acquisition scenario.
- ATHL produced 27,000 boepd in Q3 2014 (not 30K as Reuters say. Read ATHL's report), as quoted below:
For the third quarter 2014, the Company expects average daily production to range from 26,500 to 27,500 BOE/D, or approximately 110% growth over third quarter 2013.
- ATHL owned 173 MMboe of Proved Resrves (pro forma the latest acquisition in May 2014).
- ATHL has 2014 EBITDA at approximately $400 million (Best case scenario).
ECA paid:
$259,000 per boepd!
$40.5 per boe of Proved reserves.
17.5 times the 2014 EBITDA!