Hey, I would really appreciate it if the regular posters would comment on my spreadsheet inquiry post that I posted a few minutes ago.
That said, I was playing with a few revenue numbers and came up with the following BS calculation, yet one that is fun to think about.
MHR 3rd quarter numbers were $32.4m of revenues on 5,270 boepd production. So, if we hit 13,000 bopd by end of 2012, what might the revenue numbers looks like? 13,000 / 5270 = 2.46 x $32.4m = roughly $80m per quarter.
Here is where the fun starts. Bexp got bought out for $4.3B at $168m in rev per quarter. 80 / 168 = .476 x $4.3B = $2.047B / 133 million shares = $15.40 per share.
I know, I know.... a million reasons why this cannot be an apples to apples comparison, but it sure is fun to dream, eh?
Yu also have the warrants good for 2 years I think. Until those expire impossible to get over $10.50. Agree you are having fun, but MHR has too many parts in motion right now. Lets see what they do with the pipeline spinoff. I still think they might sell it to MWE. That will give them enought $$ for 2013. Then they might consider selling.
Lex , I have tried this before but I could not get enough info--just two points 1. Remember the golden parachute- this is to hold off hostile offers until (IMO) company is over 2B 2. Total gross production could be 15-16000 at end of 2012 and counting pipeline ??