Money from Permin will be in the $2 billion range
Sentiment: Strong Buy
I think it will be higher. FCX just sold 45,000 acres in the Eagleford for almost 70k per acre. The Permian is oilier and perhaps worth as much or more. Multiply that by Line's position and you get a much larger number.
Why didn't ECA buy from LINE?
Yeah, but recently some Wolfcamp sold in the $20's and in the call management didn't dump on that number when it was proposed in the q&a. I think $1.5B is more realistic.
It was said around 1.5 billion.
i feel like they will get closer to 2 billion than 1.5