TSX:HSE.PR.B - Post by User
Post by
fastmonKeyon Apr 01, 2016 1:21pm
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Post# 24720648
Long HSE Short SU
Long HSE Short SUSame time last year SU was 37$ and HSE at 25.85$. No fundamental news explains the diff. only the dividend cut of HSE (prudent move). SU is very overvalued trading at 10,5X EV/DACF 2017 at 52$ WTI vs under 6X for HSE. SU NAV is only 23$ (based on AIF proven and probable reserves net of debt and value of other assets with oil price of 44.5 (16), 55.2 (17), 63.5 (18) and 71 (19). Compared to NAV HSE of 16.38$.