GREY:LSTMF - Post by User
Post by
JBBmineron Nov 01, 2011 1:45am
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Post# 19197678
TD
TD Td has been releasing it's oil/gas company updates for the last 3 weeks which state that PBN is restricted. I would think an announcement on the debt issue is coming soon. Last time this occurred with CPG the company bought all those assets south in the US. I don't care to speculate on the outcome however I think it's quite near. Judging by all the calls and puts on the future trading price I assume you could expect a 30% + move in the price. ********In Exhibit 1 we outline historical M&A transactions of companies and/orproducing assets over $500 million since the beginning of 2007. In this data set,we count 32 separate transactions totalling $47 billion, averaging ~19,000 BOE/d.Since mid-2009, there have been $25 billion in transactions. Since 2007, from thisdata, gas-weighted deals were done at an average of ~$56,000/BOEPD (excludingthe Shell-Duvernay transaction). Crude oil weighted transactions were done at anaverage of $97,000/BOEPD.TD says that we could expect $97,000 BOEPD for oil...on a sale. PBN trades at year end production...$37-$32,000 BOEPD (depending on 43,000 or 49,000 exit rate). IF they don't take this company private soon, they will be the laughing stock of Calgary for a very long time. 4th consecutive profitable quarter coming soon.