RE:Reality Check: C$15.9/boe (81% Nat Gas), NPV10 at C$151.7mGeorge98 wrote: LXE has 22.7 mmboe with 81% natural gas. LXE is obviously a heavily natural gas weighted Montney play and at the end of the day it's also clear to the most novice investor that LXE's reserves are not as oily as many have been desperately trying to present them during the last 12 months.
Just a reality check for the heavily touted and irrationally promoted Lower Montney turbidite which is a very natural gas weighted formation.
LXE's current EV is C$380 million, so LXE trades C$16 per boe and C$120,000 per boepd although it's 81% natural gas!
Not to forget that LXE also trades 2.4 times its NPV-10!
This is not for me. It's all yours, you can keep it because I buy low and sell high, not the opposite.
profittaker, be objective. You can't be satisfied with the repeatedly mediocre results from heavily promoted Lower Montney Turbidite. Your expectations from LXE were much higher based on your previous posts. LXE is located at the very edge of the trend and this is why it has so mediocre results.
This is why I'm not paying $16/boe and $120,000/boepd and 17 times annual Cash Flow for LXE with 81% natural gas. To each his own. Good luck.