Post by
qwqw on Aug 03, 2015 8:56pm
LRE worth more dead than alive
I expect LRE to be sold for $30,000-35,000 /boepd.
This estimate is quite conservative since LRE
has considerable land value (1 mil acres worth over $100 mil)
and tax pool value ($1.6 bil worth $150 mil).
The $30,000/boepd would value LRE's shares at $1.20 and
the $35,000 at $2 share.
Comment by
mckenzie00 on Aug 03, 2015 9:56pm
Hi qwqw. This is a good post. thanks Gregory