GREY:WFREF - Post by User
Post by
bosseon Oct 15, 2013 4:52pm
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Post# 21817957
Angle NGL takeover by Bellatrix BXE
Angle NGL takeover by Bellatrix BXEAnother showing that LRE is way undervalued. Bellatrix will pay $550 million for 10500 BOE/d (58 % oïl) or $ 52,000/flowing BOE LRE is producing 26000 BOE/d . So a quick rule of thumb give LRE a $52,000 x 26000 BOE=1,352 million/125,000,000 shares=$10,80 So It is a matter of time for LRE shareholders to reach that price!! Let's be patient.