RE:What am I missing?$30 x 215 +$2,900 = ~ $9.5B. Compare the EV of any of its peers producing close to 285K boed. It's hard to find an exact comparison, some produce less but it's mostly sweet oil, others are more gassy. But one can try anyway.
The initial trading range may be somewhere between $25-$35. Unfortunately, there is no trading history, no quarterly reports, no guidance. Time will tell.