GREY:LSTMF - Post by User
Post by
oilman53on Jun 01, 2016 10:02am
176 Views
Post# 24922683
Back of the envelope calculation
Back of the envelope calculationLast 2 corporate transactions were carried out at 51,000 dollars/flowing BOE (Husky sell to WCP) and 42,000 for RRX. Note that the assets of Rock Energy are mostly Viking and offer the best netbacks in the industry. Note that the Husky sell was done in a competitive basis and thus was the best price they could get in that environment
LTS 26,000 BOEPD gives a total value for the company of 1.09 to 1.3 Billion dollars, which is less than what they owe. Explains the current share price.