GREY:NOVUF - Post by User
Post by
counterintuitive247on Jul 12, 2013 1:03am
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Post# 21603434
VIKing NON-CORE ASSET DISPOSITION
VIKing NON-CORE ASSET DISPOSITIONRenegade has let go of some Viking today. I believe teine was the Acquirer this go around since no public companies have announced anything.
Gross Proceeds $ 19 million
Production 70 boe/d
Annualized Cash Flow ~$1.3 million
Land 10,854 net undeveloped acres
Implied Metrics:
Price / Flowing Barrel ~$271,000/boe/d (Ill take half this $/boe on novus :))
Price / Cash Flow >14.0x
Another example of consolidation in the Viking. Just seems no e&p wants a 300 million $ acquisition.
i like what renegade is doing for it's shareholders. They announced a strategic review and have executed and communicated to the shareholders what's going on in a timely manner. I know Novus is dealing with a bigger asset here but how come no updates.
All in all 75 cents is ridiculously cheap. See what happens in the next 2 weeks I guess. Raging river must me looking at their huge shr price premium to buy some cheap oil..... Or maybe Teine should go public on Novus ....I can't wait for the AGM would like some guidance