Tuscany International Drilling Inc T.TID

D. Beaudet...

[BigA!]

Your comments on Value Digger's SA page have me a little perplexed. It would be very helpful if you could provide data on your EBITDA multiples. 5X-6X seems a stretch. I have personally talked to bankers who are quite familiar with LA&SA markets and they quote 4X-4.5X. Are you getting data from Capital IQ, Bloomberg? What comparable transactions do you use to base these multiples? Energold Drilling, which recently entered Colombia is selling for 4X, with much stronger fundamentals.

[Nomad3]

EGD is mainly a precious metal driller.

[BigA!]

Nomad,  I strongly disagree. EGD was mainly a metal driller. They have branched significantly into oil sands activity over the past few years, and now moving into Colombia for oil related activities. 

[dbeaude]

They should likely but in for a name change then Big A. Maybe the Ener is supposed to stand for energy but the company is known by most investors to my knowledge as a precious metats driller. Good luck to them in SA. There share price has done almost as poorly as Tuscany.....almost $6 and now under $2.

[Nomad3]

Ive been invested in EGD for years.   Yes they own Bertram,an Energy services provider,  but its more with respect to exploration (core drilling) than well drilling. They are much more like MDI than they are  Trinidad, Ensign, Precision etc.

[dbeaude]

BigA....it may seem like a stretch to you but not to me if they get a good refinance and the operations get stabilized. As Nomad indicated EGD is a precious metal driller and their valuations are right in the sheitter. So unfortunately that erodes you credibility a little go me me a few oil drillers of the same revenues as Tuscany and come back with  these then I will respond accordingly. 5

[BigA!]

Ddeaude, you presented EBITDA multiple figures. All I am asking is for you to back those multiples up. Where did you get them from? What comparable transactions, what regions? Where is your data coming from, Capital IQ, Bloomberg, I-Bankers? If you present figures or data, there must be some verifiable evidence that they are correct. I'm just asking for verification. Do you have a list or

[BigA!]

Dbeaude,  Drillfor and Caroil acquisitions were conducted at run rate EBITDA multiple of what? 

[michelleb33]

Wonder if the the americans after there thanksgiving will help sell this off tomorrow as well.

[dbeaude]

Hi BigBadA!.....a little birdie told me that this acquisitions were conducted at an EBITDA run rate of between 4.4 and 5.2 times EBITDA.

[BigA!]

Dbeaude, I'm no trying to be big and bad, nor am I attempting to pick on you personally. This board is for thought. People on here and other sites are posting conclusions as to TID's value based on specific metrics, one of which is EBITDA multiple. This is an extremly important metric because the difference between 4X and 6X is huge.  If you presented your argument to just about any