RE:RE:Winners and losers...
I should have added this one but did OBE this AM from some copper I had. ... the deal looks really good to me. I just wanted to comment on GXE yes it's over valued based on peer comparisons but not in FCF. Both it and peers can move higher but from my math on a oil only BBL / Mcap (because debt is irrelevant at 100$ oil so is natty gas production tho) OBE is almost a 4x to get to GXE price I can't remember CJ but it's close to OBE. I didn't get into detail with CJ capex also so I don't wanna speak without knowledge. Also on the TVE price your not taking in options and land type. I don't think they had the choice to pay less and going forward it's a win. They are moreso going after a high-water type evaluation. TVE has lower costs than OBE and GXE for capex. And profits a tad on nat gas. So a bit different. ... these are my o2c.