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Fairborne Energy Ltd T.FEL



TSX:FEL - Post by User

Post by flappy69on Feb 01, 2012 9:23pm
360 Views
Post# 19477317

Savvy Sellers?

Savvy Sellers?

Thing I've noticed about these guys is even though the markets have discounted this company and put it into the penalty box for a long time now, every time they do an asset sale, they seem to command pretty good pricing in light of the assets they are selling (Spring 2011 sale to DeeThree 1800 boepd for $125mm or $69k/boepd for mostly gas assets; Current Sale of Clive of $47.5mm for 300 boepd or $160k/boepd). Seems like if the market is valuing the assets where they should be, these guys are taking it into their own hands to get the share price to NAV...at this rate its going to be a shell company with $650mm of cash in it!!

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