ATH purchase of thermal assets - Attractive acquisition metrics of about $24,000 per bbl per day, about 5.8 times price to cash flow and about 68 cents per bbl of proven plus probable reserves;
- Highly accretive to 2017e and 2018e cash flow and reserves per share;
- Ownership of strategic infrastructure, including egress optionality for market access.
this deal might have a bearing on MEG's current valuation since Statoil is selling it's CND thermal assets.
You can decide if these valuations are positive or negative for MEG?
ATH seems to havbe received a very good deal for long term growth and CF growth