GREY:WFREF - Post by User
Post by
qwqwon Aug 03, 2015 8:56pm
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Post# 23985540
LRE worth more dead than alive
LRE worth more dead than aliveI expect LRE to be sold for $30,000-35,000 /boepd.
This estimate is quite conservative since LRE
has considerable land value (1 mil acres worth over $100 mil)
and tax pool value ($1.6 bil worth $150 mil).
The $30,000/boepd would value LRE's shares at $1.20 and
the $35,000 at $2 share.