Based on the 2.5Billion they are paying and the assumption of 1.8B in debt for a total of 4.3B it averages out to $108,860.00 per BOE/D (flowing). Makes EQU look like a steal of the century at $14,700 per BOE/D (flowing).
equ 6400bbls net times $108860 would give 696million ,divided by 35.15 shares outstanding gives 19,82 dollars per share ,am i missing something?
No you're not missing anything, but the market seems to be missing something :).
Just keep accumulating on the dips and this one will work out in the long run.