Why cant Allstar do what RRX is doing. Looks like RRX will be drilling 40 viking wells this year. They have 120 net sections. They product 1600 bopd with market cap of $200 million.
Allstar has about 90 sections, Allstar produces around 550 or so and are owned 100% by FNR with a market cap of $40 million. If you apply the 34% of comparable production then Allstar would be around $68 million. What the heck is FNR doing to correct the valuation?? Oh I know the answer, _ _ _ _ _ _ _ . With the other holdings removed from the market cap it would seem that Allstar is being valued at cost which is by my looking way off. Allstar alone should be adding over $3 to the other $3 plus in holdings. Darn my brick is calling again, got to go knock some skull flesh against the brick. You know the brick is less painful then seeing the share price. All in my sore skull opinion.