GREY:PSLRF - Post by User
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8675309Jennyon Jan 13, 2015 9:43am
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Post# 23312870
Anderson type deal for Paliser could save it
Anderson type deal for Paliser could save it
Anderson has just done a deal with Freehold royalty, that could save Paliser and get it moving. Basically in the Anderson deal, they are selling 500 Boe/d of shallow gas assets, that have an engineering NPV value of 10m. In addition, the are getting 150M of Anderson's 370m of tax pools. (rounded). In other words they are paying 25m dollars for 150m of tax pools, or about 16c on the dollar. With Paliser holding over 100m of tax pools, this implies a value of 16-20m dollars for tax pools. Realizing this value could of course lower the bank debt, but equity is still required. at current prices, nothing works anyway