GREY:TBTEF - Post by User
Comment by
bshort92on Jan 26, 2012 7:20pm
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Post# 19454923
RE: RE: TBE sell sell
RE: RE: TBE sell sell I agree 100%...The cheaper the shares the greater the yield. And then at year end or so Jim has permission to sell my shares to a Crescent Point if they are willing to shell out over $100 per flowing BOE like what they did to purchase WSX today. That translates to at least $7 a share. For crying out loud TBE has an enterprise value right now of $621 million 190 million shares at $2.50= $475 million + $146 million of debt. CR paid that for 10,500 BOE/d for Caltex ($59 per flowing BOE/d and just 60% heavy oil) and Crescent paid even more for WSX. This disconnect is absurd.