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Renaissance Oil Corp. RNSFF

Renaissance Oil Corp is engaged in the acquisition, development, and production of oil and natural gas in Mexico. The group's properties include Mundo Nuevo, Topen, Malva, and Ponton.


GREY:RNSFF - Post by User

Comment by doggiestyleon Apr 26, 2021 11:00am
115 Views
Post# 33066418

RE:In my view this offer at 0.35 is too low , need to be 0.50+

RE:In my view this offer at 0.35 is too low , need to be 0.50+Some rough math - REO market cap is 1.1 Bilion today and ROE is $115 Milliion. That is 8.6% but I believe they have rights to 13% of the land base and apparantly some of the deepest basin. Just based on square footage it is undervaled by about %50 at 4.6% (should be about 6.9%) 

Obviously this is very rudimentary math and lots of other factors to consider but interested in some others thoughts on valuation?

   
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