RE:RE:RE:RE:Check the posted presentation.. I agree.. with that type of announcement, the stock is $2+. It's an 'immediate' boost to the market cap as the debt could be cleared off asap..
what is reduced in debt in theory is added (with some premium as risk goes down) to EV.. so
$150M sale = $150M off debt = $150M added to market cap = $1 per share at 156M shares outstanding (approx).. could even be looking at $2.40/share.
gonatgasgo wrote: Cheadle, I hope you are right and I agree that their attention to detail is not the best.
If they sold 52,000 acres, it is likely for $150 to $200 Million. If this is the case, the market value of the company would go up by almost the same amount. We would be talking about a $2 stock price. We likely have to wait until March 11 to find out.
Cheadle12 wrote: Slide 34 is an old slide, that they've obviously put into the appendix vs lose it.
We do know Crew is great at many things, but they do miss a few details.. remember the 150% production growth announcement? It was supposed to read "50%".. a typo.
It's clear they've sold 52,000 acres. That's my bet anyways.
gonatgasgo wrote: p.5 says >225,000 net Montney acres
p.10 says Montney undevelopped land of 225,733 acres
p. 23 says >225,000 net acres of Montney land
p.34 says approx. 277,000 net acres in Montney
Someone is going to have to help me here. There are 225,733 of undevelopped acres. Is the difference between 277,000 and 225,733 "developped acres"? Is there such thing?
Cheadle12 wrote: You can see now there is only 225,000 net acres in the Montney vs. 277,000..
52,000 net acres in the BC Montney just dissappeared!..
What & how much?
For discussion purposes only.