GPOR bought more acreage in the Utica for $10k per acre, don't know the particulars, but that seems like a good measure for EVEP, they own 200k acres in the play. Enterprise value is $3.1. If you assume the dist at 8%, the value for the rest is $38, plus $48 for the Utica, $86, current price is $55.
They were supposed to announce something by the end of last yr.
This is not a new revelation, but talked to someone that is retired from a large chemical plant. The lab a couple of decades ago, there were 12 people per 8 hr shift each day, 36 total, now it's 3 people per shift working 12 hours. That's a lot less hours per day. Computers and technology have changed everything.