that's why I thought laying out a cash flow projection was the best way to settle this at this time.
On flipping the assets for an instant gain of 750m. Either you are wrong or mgmt is... login to read the rest
As a thought exercise, if the RKI assets had zero production but there was $2.75 billion worth of gold bars buried underground on the property, would the assets be worth zero? No, of course not. ... login to read the rest
To me the relevant metric is TEV / production (annual). The reason is that metric best serves as a proxy for cash flow, if you can reasonably estimate economic cost of production.
On a TEV/production, WPX... login to read the rest
They paid through the nose? Are we looking at the same company?They bought RKI for an $2.50 per boe of net resource. NBL paid $3.73 EV/boe for ROSE. RSPP just did a bolt-on for $3.22... login to read the rest
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