GREY:TBTEF - Post by User
Post by
bshort92on Aug 06, 2012 11:47am
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Post# 20187544
Undervalued intermediate
Undervalued intermediate TBE has company in the undervalued intermediate E&P space. Take the plight of 14,500 boe/d producer PCE. A 50/50 oil to NG player trading at around $3.20 a share with just 50 million FD shares out. A bit leveraged at $213 million debt on a $300 million line they have close to 70 mmboe of reserves and about 800,000 acres of Deep Basin to BC land.They just adopted a shareholders rights plan in the event of a hostile low ball takeover offer. Wonder if TBE needs to do the same. Stay tuned.