Stockhouse.com uses cookies on this site. By continuing to use our service, you agree to our use of cookies. Cookies are used to offer you a better browsing experience and to analyze our traffic. We also use them to share usage information with our partners. See full details.
I Agree
×
Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Privacy Policy | Disclaimer

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Privacy Policy | Disclaimer
Please Try Again {{ error }}

Send my password

Return to Login
SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Iron Brdg Res Inc. OEXFF

Energy Oil & Gas E&P
"Iron Bridge Resources Inc is a Canada-based company. It is a crude oil and natural gas exploration, development and production company. Its project consists of Elmworth. The company receives maximum revenue from the sale of petroleum and natural gas."


OTCPK:OEXFF - Post by User

Iron Brdg Res Inc. > IKkuma just got 188% premium for less
<< Previous
 Bullboard Posts
Next >>
User Avatar Image
(15)
•••
Comment by ditchdigger251on Aug 26, 2018 7:10pm
121 Views
Post# 28519828

RE:RE:RE:RE:RE:RE:RE:IKkuma just got 188% premium for less

RE:RE:RE:RE:RE:RE:RE:IKkuma just got 188% premium for lessSo referring back to a post of mine on Feb 23rd 2018 and doing some quick math equalizing value on approximate acreage only (not getting cute with sour vs. sweet processing, liq %, capex/boe, debt level, etc.) a $250MM deal add to BBI (currently @ 0.355) results in about a $516MM market cap & $7M/acre land value to BBI.  A similar land only valuation puts IBR at $2.26/sh (kinda in the wheelhouse of where I see a more fair value to the shareholder).  I like that rumor.  Thanks SigmaKappa!  Could be yet another industry meter stick for valuing IBR and somewhat important given the similarilties between BBI and IBR.

Keep in mind that BBI's Montney is quite sour.  Deeper.  Nearer to residents.  More upstream in an egress limited gas sales system.  Ick.  It won't be as anywhere as easy or cheap to develop...  IBR's acreage imo has significantly superior economics.
<< Previous
 Bullboard Posts
Next >>
Dealroom for high-potential pre-IPO opportunities