RE: RE: RRX Paper This is what I cannot understand.
RRX (2012 avg) Exit 3,027 bbls of oil Mtk Cap 619,191,497 + 15 Million Debt (est) =
634 Million or $210k per flowing bbl. (HUGE premium for their guidance which is a little scary ?)
NVS (est 2012 avg) Exit 3000 bbls of Oil Mtk Cap $174,225,039 + 85 Million Debt (est) =
260 million $87k flowing bbl.
Now the assumption here is that both companies have the same risked drillable locations, similar production. Same land area. Metrics are not even close to the same. Yes I know RRX is a very healthy balance sheet company but cant understand why NVS is so much devalued. Would like to see YE results, Reserves, and Guidance while their process takes place behind closed doors.
Theres gotta be some huge upside on NVS.....Who doesnt agree?