Post by
barneyj44 on Mar 28, 2022 8:39am
Action in the Montney
Vermilion Energy signs deal to buy Leucrotta Exploration for $477-million
Comment by
Oldnagger on Mar 28, 2022 11:07am
The metrics are $36,690 per flowing barrel or $ 6195 per acre of land. Compare that to Crew at present $1048 million EV for $ 31760 per flowing barrel or $ 3970 per acre !! Of course, now that Leucrotta is gone the field has gotten smaller and any potential acquirer will need to be bigger than VET.
Comment by
Oldnagger on Mar 29, 2022 7:27am
I just went back to the Leucrotta site. Info is very patchy, but it seems that current production rates are very low. Hence $ per flowing barrel,are rather meaningless. That leaves a land purchase at an evaluation of over $ 5000 per acre. Recall, that at that price Crew's surplus land is worth $7.20 per share !!