RE:RE:Price to Free Cash FlowQ2 net cash US$87 million as reported
MC at US$260 million
EV = 260mm -87mm = US$173 million
Q2 EBITDAX US$78 million x 4 = US$312 million
EV / EBITDAX = 173 / 312 = 0.55
Way low, s/b around 1 to 2
Easy double from here.
Add another US$30 million x4 for current Brent pricing
Potential EBITDAX US$432 million
Potential EV / EBITDAX = 173 / 432 = 0.4
That would make it an easy triple
Wassana not include!