GREY:WFREF - Post by User
Comment by
bossuon Feb 22, 2015 10:12am
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Post# 23452340
RE:RE:RE:LRE Valuation
RE:RE:RE:LRE ValuationI like your ''guestimate'' and there are many others considerations of which we are not aware!!But taking your valuation and using the actual LRE SP ( $ 1.13 ) also give a very low price per flowing boe .In the coming months we will see many assets sale at discount and we are going to realize where LRE should stand on a flowing boe basis. But I am pretty sure Bankers are making that kind of calculation and may ask to LRE to lower their debt. But it will be quite difficult to ''cash''decent prices for ''non core assets''.