RE:RE:Using $100mm /qtr in FCF Sure!
To get $60.89, you just work backwards.
we KNOW their production is ~ 85,000 boe/d
we KNOW thier cash cost is ~ $48/ boe
we PLUG IN his $400 mm CASH FLOW
then you solve for price
Sales price = $48 + ($400mm / 31,025,000 boe/year)
= $60.89