GREY:PEYTF - Post by User
Post by
RTWODTWOon Oct 06, 2015 12:54pm
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Post# 24167847
Some ideas
Some ideas
If we assume Parallel produce 6,800 boe/day on average this year. Sell 3,800 of that production for $40,000 per flowing barrel. That is $152,000,000 for low decline production and not an impossible scenario.
Parallel will continue with 3,000 boe/day and its market cap at $2,0M. They valuation of Parallel is then $2M/3000boe/day= $667 per flowing barrel.
How big is their debt?