Post by
Dazzle01 on Apr 13, 2023 7:17pm
Under valued
At the current price and assumed debt of $190MM PEA is trading at a flowing barrel metric under $8,000 a barrel. PEA would be an very accretive acquisition.
Comment by
commonsense101 on Apr 14, 2023 10:50am
Debts being assumed also includes AP. The majority of the $117MM PEA carries is not normal cash flow.
Comment by
Dazzle01 on Apr 16, 2023 2:49pm
PEA likely has or is very close to having the balance sheet that will satisfy the LMR requirements.