Leggett & Platt Inc T.LEG

WCP acquisition

[zagorsk]

        Interesting to note that Whitecap acquired some assets in Viking area  

and paid $24.00 per BOE of 2P reserve. This acquisition was embraced by 

the market.     

       

        LEG now trades at a value of about $13.50 per 2P reserve for their Cardium 

and Bakken assets. Everything I have read indicates that both the Cardium and 

the Bakken generate higher returns than the Viking.