Post by
tylerreddick on Oct 03, 2023 6:16pm
CJ acquisition metrics
purchase price of approximately $25.0 million.
expected to contribute approximately 900 boe/d of production
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So GXE's 5600 or so boe/d would be worth about $155 million, minus $15 million of debt, so $140 million. Divide that by 260 million shares, and you get 54 cents.
Yeah, buying GXE at double that price is really, really smart.
Comment by
lovehockey on Oct 03, 2023 7:11pm
LOL. great and quite idiotic math. With such phenomenal math Cardinal Energy should cost about $550 million or $3.55 per share. THose dumb people who pay $7.15 today must be complete fools.