GREY:CEXJF - Post by User
Post by
micromegaon Oct 17, 2012 9:55am
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Post# 20492668
TT.TO has Montney land adjacent to CLT
TT.TO has Montney land adjacent to CLT My post is below and it shows that CLT was expensive vs the peers (20% oil and liquids)....obviously XOM wanted to buy a vast Montney land so the deal worked despite the fact that CLT has only 100M funds from operations annualized and
EV/FFO = 24 !
After this, I believe that TT.TO (Terra Energy) will be an acquisition target too....Progress (PRQ) was bought by Petronas, now CLT.TO is bought by XOM ....
Both CLT.TO and PRQ.TO have Montney land adjacent to TT.TO
Time will tell.