GREY:NOVUF - Post by User
Post by
mjh9413on Sep 05, 2013 2:23pm
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Post# 21720762
Value optimization!
Value optimization!I was just going to let this just wash over me but I could not agree more.
The following was SGY's recent non-core asset sale comment. Just work out how the NVS sale is way below real value even using just these metrics:
"The non-core assets sold comprised production of approximately 650 barrels of oil per day, with independently proved plus probable reserves of 2.2 million boe, and a net present value of $36.8 million (discounted at ten percent before tax as of December 31, 2012)."
Mgmt keep their jobs I hear and make millions on their i-t-m options and 56c performance warrants so what incentive was there to serve other shareholders. f@#*@@#