GALP VS SEI MC Expansion... For anyone that wants an updated comparison between GALP's added market cap vs SEI's
2 time periods, period 1 Friday close pre 10B announcement to today & beginning December 2023 1st spud to today
Since Friday closing price GALP has added $20.41 - 16.04 EUR = $4.37 X 773,080,000 shares = $3,378,359,600 EUR = $4,939,122,222 CDN / 80% WI = $61,739,028 per 1% WI
SEI on Friday close was $0.58 therefore at 4.9% WI equivilant market cap move needed to add $302,521,236 CDN or $1.10 per share + $0.58 = $1.68
Since early December GALP has added $20.41 - $13.28 EUR = $7.13 = $8,058,567,836 CDN / 80% WI = $100,732,098 per 1% WI
SEI early December close was $0.24 + $1.78 = $2.02
Obviously there are other factors contributing to both company's stock movements, however its resonable to assume that the majority of each company's moves were PEL 83 related and SEI has underperformed GALP.