WI increases 2.5% after just one month of OwnershipOne wonders if that WI will be boosted to 90% at closure in a months time.
Since late August 2022, Mubby and Valeura have been splitting free cash flows of $24 million US per month .
Approximately $65 million in CAD in the last 4 months of 2022.
If you do a few quick calculations on the imputed costs to acquire these multiple assets per percentage ownership , it's a very modest cost.
So, moving up to 90% ownership would not be unexpected .
Its also obvious that Valeura has had enough time to begin consolidating its costs structure across these assets , hence the reduced need for SPV contribution.