OTCQX:GXOCF - Post by User
Post by
Valueseeker18on Sep 18, 2018 11:49pm
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Post# 28644248
Double or Triple based on recent purchase metrics!
Double or Triple based on recent purchase metrics!Looks like a double or a triple plus to current $1.80 share price based on what Surge recently paid for Mount Bastion - see those transaction metrics below.
Remember Granite has 19 million P&P reserves *$12.80 = $243 million ($6.94 per GXO share) (and 2200 bbls/day * $58,162 = $127 million (3.62 per GXO share)
So somewhere in the middle of what Mount Bastion got gives you a nice return on GXO and and nice yield while waiting for a buyer! Cheeper to aquire than drill! Especially in a nice accessible area with infrastructure like Granite has.
Surge Energy Announces Accretive $320 Million Aquisition The Transaction metrics are as follows:
| 2019 Net operating income multiple | 3.8x |
| Production | $58,182 / boepd |
| Proved plus probable reserves | $12.80 / boe |
| Proved plus probable Recycle Ratio[7] | > 3.2x |