Post by
iwpete on Feb 07, 2015 8:33pm
this is probably too simple???
Torq recently purchased 1550 boe/d in Sask. for $128 million. Based on this I took LRE's 36000 boe/d and divided it by 1550 and multiplied by $128 mm, which gave me $2.972 billion. So I subtracted the debt of $700,000,000 leaving $2,272,000,000 and divided by the shares outstanding of 193,500,000 and viola $11.75 per share. The current share price is a discount of over 90%.
Full disclosure I own LRE shares.
Comment by
tvstock on Feb 08, 2015 1:53am
Only 44% of LRE's production is liquid.
Comment by
VentureCapital3 on Feb 08, 2015 10:42am
Most LRE's boe/d are gas not oil and there is a big difference in the value of a gas boe/d and an oil boe/d.
Comment by
ppp on Feb 08, 2015 12:48pm
Geez!!!1! you could put 80000 per flowing on just the 44% oil, give away the gas for free and still be worth 1.25 bil take away the debt and this would sell for double what it is trading at. Investors will wake up sooner or later.
Comment by
iwpete on Feb 08, 2015 8:29pm
I'm bullish on LRE
If you have the time go over to PeakProspreity.com and listen to Chris Martenson's interview of Arthur Berman. Art's been around for a long time and knows what he's talking about.https://www.peakprosperity.com/podcast/91722/arthur-berman-why-todays-shale-era-retirement-party-oil-production