GREY:CEQXF - Post by User
Comment by
onxy10122012on Jul 16, 2014 8:57pm
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Post# 22753262
RE:RE:bill bonner top pick
RE:RE:bill bonner top pick
Bonner |
Sold non-operated, non-core assets to focus on their Alberta Montney play. This hasn’t got a ton of respect from the market in the past couple of years, but have now demonstrated they deserve the multiple they are currently getting. Boiling down the numbers, you can build a case for cash flow escalating from $0.30-$0.40 to $0.75-$0.80.This will probably garner a premium multiple as they develop their Montney assets. Have lots of play content in the Montney. Have $10 million in the bank and an undrawn line of $135 million. |
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