RE:Gas producer valuations per barrel of productionLots of bullboard posts mentioning the value proposition of the Crew Energy valuation. At the end of the last quarter Crew had $347 million net debt vs Pony net debt of $320 million.
Crew production was 23,000 boe/d vs pony last report 53,000 boe/d.
The 25% working interest in eight wells with tourmaline are an experiment funded and operated by the highest quality nat gas company in Canada, possibly globally. A paid sceience expeiriment. If the program is successful, this will not be the last of the partnerships with the god of gas. Opportunity knocking.
I wonder when a company like TOU valued at $50,000 per boe/d would take a run at pony at $7,800 per boe/d if the new lands are of the highest quality. Seems like you could triple the pony share prce and Tou could add production at less than 50% of the TOU valuation with killer assets.
Between all the juniors, I know which horse that I am betting on.........
bigreturn11 wrote: Spot the best opportunity with the biggest upside for some of the nat gas pure plays in Canada. Bsed on Enterprise value (market cap + net debt).
Crew - $18,000 per barrell per day
BIR - $15,000 per barrell per day
TOU - $50,000 per barrell per day
Pony - $7,800 per barrell per day
After the "big run", its looks like there is at least a double in store before we hit comparable valuations for Canadian nat gas. And, they all should run, which is where the triple and quadrulple share price comes into play for 2020.
Hold your shares folks, we are 1/3 of the way to current fair value.