Doesn't add upI keep scratching my head with this one... 1.3B market cap, then i tell my self the EV is highe due to debt. But still only 3x Ev to Ebitda. $4b in Sequti... trading at .25 book... over 4bil in rev... but market cap still 1.3b... they are drilling within their means at 1.1 to 1.3 fund flow per press release. 200 mil in interest pmt and 240mil in div.... plenty of excess liquidity with cash on hand and revolver... 57% in terest in midstream assets which can be sold for roughly 400mil .... debt all long term with no current commitments... i get oil is low... but they have a manageable balance sheet per pantin.... the sell siders are all gaging up on stock... funniest i seen is 12$ target but an underperform...
the yields on teh bonds have shot up to double digits... but that is under the assumption they have to raise more debt, if not they pay the coupon... if they can live within their means, and comm recovers a bit, not sure why this s not 10... cant imagin why so low...
they are trading at roughly 1x ebitda and a fraction of earnings.... hard to call a buyout, but i would love to take this private, hold it and then sell it... colombia should do something to help soften low comm prices...
i just cant understand why this is not worth 3x times more...
someone pls tell me what i am missing