RE:RE:RE:RE:20% of MEG???"this is BEFORE EQUINOR sold their STAKE in ATH" its a different company now in terms of almost every metric, especially debt profile.
The market is telling us is MEG is worth appr 3 times more than ATH, as of today.
Historical ratio comparison doesnt work in the present.
ztransforms173 wrote: - the 5 TIMES HISTORICAL RATIO COMPARISON {many years back} was based on SHARE PRICE and NOT ENTERPRISE VALUE
- DIDN'T YOU GET the HINT ?: - HOWEVER, the ATH S/O had GROWN while that of MEG has RECEDED so an ADJUSTMENT is REQUIRED
- they were USING the NOMINAL SHARE PRICE as a REFERENCE GUIDE TO TRADE IN and OUT of MEG and ATH {SWAPPING IN and OUT of ATH and MEG depending on the RATIO}
- this is BEFORE EQUINOR sold their STAKE in ATH
- it had NOTHING TO DO with M&A
z173