Is there a disconnect between FEC and OYLFEC owns approximately 80% of OYL, or $672mm, reflecting 67% of their market cap. If you crunch the numbers $840mm value of OYL or 20% equates to $4,2 billion. FEC has a market cap of $1billion. So just subtracting the $672mm from $1 billion you get $328mm for a company with a cash flow of $300mm producing 40,000 bpoe a day. FEC is loaded with cash as reflected in their two bolt on acquisions.. Total debt of only $400mm.
Please give your take on this analysis which will be gladly accepted. Not trying to diss anyone here nor advise anyone to buy or sell.