GREY:WFREF - Post by User
Comment by
wilwalon May 26, 2015 6:20pm
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Post# 23766959
RE:Crescent Point acquisition
RE:Crescent Point acquisition Very interesting bossu, thanks for that.
If I assume same debt and same reserves, and evaluate the company on the basis of production alone, I come up with exactly the same number for LRE as LEG.
The big problem LRE has is its current market cap which is nowhere near even the lows of the LEG market cap. Nobody will pay 3X current market price for LRE......no matter what because they won't be able to convince their BOD. LRE has to have some hair that LEG doesn't have.