Post by
nozzpack on Mar 22, 2023 6:57am
Vermillion as Proxy = $10 valuation
VET....85,000 bpd , 60 % natty gas at $25 per boe....$3.5 b market cap ..target is $5 billion target.....1.4 times annual revenues
VLE...25000 bpd of Brent @$100 cad per barrel $825 million cad in revenues **1.4 = $10
Comment by
nozzpack on Mar 22, 2023 8:27am
That valuation is conservative as VET has $1.35 billion in debt. So, using Enterprise value which includes debt, VLE real value relative to VET enterprise value would be close to $15 per share.
Comment by
firstworld on Mar 22, 2023 11:20am
Good comp though there is a significant premium attached to proven track record and earnings VS VLE thsts a startup by all measures.
Comment by
firstworld on Mar 22, 2023 11:21am
So by all recent start up valuations VLE shoukd be $400 share with enterprise value $900B hahaha