Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Fresh Tracks Therapeutics Inc V.BBI


Primary Symbol: FRTX

Fresh Tracks Therapeutics, Inc. is not engaged in any business activities. The Company is in the process of dissolution.


GREY:FRTX - Post by User

Comment by Maxmoeon Dec 14, 2019 4:41pm
129 Views
Post# 30455696

RE:RE:RE:RE:Any predictions on share price?

RE:RE:RE:RE:Any predictions on share price?Not that crazy, but a lot of big IFS. Comparing enterprise values ( mkt cap + net debt) to production levels would be more fair. Using current enterprise values vs forward production seems better if you believe the mkt cap reflects forward production not past year or current run rate. So kelt is about mkt cap of 850 + 400 net debt is about 1.25 Billion ent value. Now some big IFS, like same netbacks, same oil/gas/cond mix, same 'other assets' like land holdings, infrastructure, same capex, declines etc etc, then PIPE equivalent would be 1.25 ev - .25 = 1B over 200 mill shares is $5 per share for a 30000 boe/d producer. Forgive all the rounding, and changing some of the IFS maybe $4 - $6 would cover it. In any case the fun with math vs kelt is at the least is very positive. As an added note of caution, 30k boe/d is not a certainty, and this is a relative value and only to kelt. There are likely cheaper valuations somewhere other than kelt and , gulp, kelt could be overvalued and drop in value going forward. We'd all be happy at $4. 
<< Previous
Bullboard Posts
Next >>